Phoenix, AZ vs McKinney, TX: 109 vs 138

$1,458/mo ↓ 21%

Median Rent

$1,841/mo ↑ 26%

$77,041/yr ↓ 36%

Median Income

$120,273/yr ↑ 56%

$381,900 ↓ 13%

Home Value

$439,500 ↑ 15%

$1,430/mo ↓ 32%

Owner Costs

$2,101/mo ↑ 47%

1,624,832

Population

202,314

Detailed Comparison

When comparing Phoenix, AZ and McKinney, TX, the overall cost of living indices are 109 and 138 respectively (national median = 100). Rent is $383/month cheaper in Phoenix, saving renters about $4,596/year.

Median household income is $43,232/year higher in McKinney. Home values also differ significantly — the median in Phoenix is $381,900 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Arizona's 2.5% rate.

Frequently Asked Questions

Phoenix vs McKinney — common questions

Is Phoenix or McKinney cheaper to live in?

Based on our cost index, Phoenix is cheaper to live in with an index of 109 compared to 138 (US average = 100).

What is the rent difference between Phoenix and McKinney?

Median rent in Phoenix is $1,458/month and in McKinney it's $1,841/month — a difference of $383/month.

Which city has higher income, Phoenix or McKinney?

Median household income is $77,041 in Phoenix and $120,273 in McKinney. Median household income is $43,232/year higher in McKinney.

How do taxes compare between Arizona and Texas?

Arizona has 2.5% income tax, 5.6% sales tax, and 0.62% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.

Should I move to Phoenix or McKinney?

It depends on your priorities. Phoenix has a cost index of 109 with median rent of $1,458/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.

Cost of Living: Phoenix, AZ vs McKinney, TX (2026)

Phoenix

McKinney

Tax Comparison

Affordability

Detailed Comparison

Frequently Asked Questions

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