Cost of Living: Plano, TX vs McKinney, TX (2026)

Plano

Texas
132
VS

McKinney

Texas
138

Plano is 4% cheaper than McKinney.

$1,792/mo ↓ 3%
Median Rent
$1,841/mo ↑ 3%
$108,649/yr ↓ 10%
Median Income
$120,273/yr ↑ 11%
$440,600 ≈ Same
Home Value
$439,500 ≈ Same
$1,829/mo ↓ 13%
Owner Costs
$2,101/mo ↑ 15%
287,339
Population
202,314

Tax Comparison

0%
Income Tax
0%
6.25%
State Sales Tax
6.25%
1.6%
Property Tax
1.6%

Affordability

19.8%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Plano, TX and McKinney, TX, the overall cost of living indices are 132 and 138 respectively (national median = 100). Rent is comparable in both cities, with less than $50/month separating them.

Median household income is $11,624/year higher in McKinney. Home values also differ significantly — the median in Plano is $440,600 compared to $439,500 in McKinney.

Both cities share the same state tax structure since they are in Texas.

Frequently Asked Questions

Plano vs McKinney — common questions

Is Plano or McKinney cheaper to live in?
Based on our cost index, Plano is cheaper to live in with an index of 132 compared to 138 (US average = 100).
What is the rent difference between Plano and McKinney?
Median rent in Plano is $1,792/month and in McKinney it's $1,841/month — a difference of $49/month.
Which city has higher income, Plano or McKinney?
Median household income is $108,649 in Plano and $120,273 in McKinney. Median household income is $11,624/year higher in McKinney.
How do taxes compare between Texas and Texas?
Both cities are in Texas and share the same state tax rates: 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Plano or McKinney?
It depends on your priorities. Plano has a cost index of 132 with median rent of $1,792/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 Plano details → View McKinney details →

More Comparisons

Other cost of living comparisons for Plano and McKinney

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