Cost of Living: New York, NY vs McKinney, TX (2026)

New York

New York
166
VS

McKinney

Texas
138

New York is 20% more expensive than McKinney.

$1,779/mo ↓ 3%
Median Rent
$1,841/mo ↑ 3%
$79,713/yr ↓ 34%
Median Income
$120,273/yr ↑ 51%
$751,700 ↑ 71%
Home Value
$439,500 ↓ 42%
$1,837/mo ↓ 13%
Owner Costs
$2,101/mo ↑ 14%
8,516,202
Population
202,314

Tax Comparison

10.9%
Income Tax
0%
4.0%
State Sales Tax
6.25%
1.62%
Property Tax
1.6%

Affordability

26.8%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing New York, NY and McKinney, TX, the overall cost of living indices are 166 and 138 respectively (national median = 100). Rent is $62/month cheaper in New York, saving renters about $744/year.

Median household income is $40,560/year higher in McKinney. Home values also differ significantly — the median in New York is $751,700 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over New York's 10.9% rate.

Frequently Asked Questions

New York vs McKinney — common questions

Is New York or McKinney cheaper to live in?
Based on our cost index, McKinney is cheaper to live in with an index of 138 compared to 166 (US average = 100).
What is the rent difference between New York and McKinney?
Median rent in New York is $1,779/month and in McKinney it's $1,841/month — a difference of $62/month.
Which city has higher income, New York or McKinney?
Median household income is $79,713 in New York and $120,273 in McKinney. Median household income is $40,560/year higher in McKinney.
How do taxes compare between New York and Texas?
New York has 10.9% income tax, 4.0% sales tax, and 1.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to New York or McKinney?
It depends on your priorities. New York has a cost index of 166 with median rent of $1,779/mo, while McKinney has a cost index of 138 with rent of $1,841/mo. Consider income potential, tax burden, and lifestyle preferences alongside raw cost data.
View New York details → View McKinney details →

More Comparisons

Other cost of living comparisons for New York and McKinney

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