Cost of Living: Norfolk, VA vs McKinney, TX (2026)

Norfolk

Virginia
89
VS

McKinney

Texas
138

Norfolk is 36% cheaper than McKinney.

$1,246/mo ↓ 32%
Median Rent
$1,841/mo ↑ 48%
$64,017/yr ↓ 47%
Median Income
$120,273/yr ↑ 88%
$271,900 ↓ 38%
Home Value
$439,500 ↑ 62%
$1,366/mo ↓ 35%
Owner Costs
$2,101/mo ↑ 54%
235,037
Population
202,314

Tax Comparison

5.75%
Income Tax
0%
5.3%
State Sales Tax
6.25%
0.8%
Property Tax
1.6%

Affordability

23.4%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Norfolk, VA and McKinney, TX, the overall cost of living indices are 89 and 138 respectively (national median = 100). Rent is $595/month cheaper in Norfolk, saving renters about $7,140/year.

Median household income is $56,256/year higher in McKinney. Home values also differ significantly — the median in Norfolk is $271,900 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Virginia's 5.75% rate.

Frequently Asked Questions

Norfolk vs McKinney — common questions

Is Norfolk or McKinney cheaper to live in?
Based on our cost index, Norfolk is cheaper to live in with an index of 89 compared to 138 (US average = 100).
What is the rent difference between Norfolk and McKinney?
Median rent in Norfolk is $1,246/month and in McKinney it's $1,841/month — a difference of $595/month.
Which city has higher income, Norfolk or McKinney?
Median household income is $64,017 in Norfolk and $120,273 in McKinney. Median household income is $56,256/year higher in McKinney.
How do taxes compare between Virginia and Texas?
Virginia has 5.75% income tax, 5.3% sales tax, and 0.8% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Norfolk or McKinney?
It depends on your priorities. Norfolk has a cost index of 89 with median rent of $1,246/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 Norfolk details → View McKinney details →

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