Cost of Living: Philadelphia, PA vs McKinney, TX (2026)

Philadelphia

Pennsylvania
85
VS

McKinney

Texas
138

Philadelphia is 38% cheaper than McKinney.

$1,323/mo ↓ 28%
Median Rent
$1,841/mo ↑ 39%
$60,698/yr ↓ 50%
Median Income
$120,273/yr ↑ 98%
$232,400 ↓ 47%
Home Value
$439,500 ↑ 89%
$1,233/mo ↓ 41%
Owner Costs
$2,101/mo ↑ 70%
1,582,432
Population
202,314

Tax Comparison

3.07%
Income Tax
0%
6.0%
State Sales Tax
6.25%
1.49%
Property Tax
1.6%

Affordability

26.2%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Philadelphia, PA and McKinney, TX, the overall cost of living indices are 85 and 138 respectively (national median = 100). Rent is $518/month cheaper in Philadelphia, saving renters about $6,216/year.

Median household income is $59,575/year higher in McKinney. Home values also differ significantly — the median in Philadelphia is $232,400 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Pennsylvania's 3.07% rate.

Frequently Asked Questions

Philadelphia vs McKinney — common questions

Is Philadelphia or McKinney cheaper to live in?
Based on our cost index, Philadelphia is cheaper to live in with an index of 85 compared to 138 (US average = 100).
What is the rent difference between Philadelphia and McKinney?
Median rent in Philadelphia is $1,323/month and in McKinney it's $1,841/month — a difference of $518/month.
Which city has higher income, Philadelphia or McKinney?
Median household income is $60,698 in Philadelphia and $120,273 in McKinney. Median household income is $59,575/year higher in McKinney.
How do taxes compare between Pennsylvania and Texas?
Pennsylvania has 3.07% income tax, 6.0% sales tax, and 1.49% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Philadelphia or McKinney?
It depends on your priorities. Philadelphia has a cost index of 85 with median rent of $1,323/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 Philadelphia details → View McKinney details →

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