Cost of Living: Toledo, OH vs McKinney, TX (2026)

Toledo

Ohio
52
VS

McKinney

Texas
138

Toledo is 62% cheaper than McKinney.

$880/mo ↓ 52%
Median Rent
$1,841/mo ↑ 109%
$47,532/yr ↓ 60%
Median Income
$120,273/yr ↑ 153%
$107,000 ↓ 76%
Home Value
$439,500 ↑ 311%
$856/mo ↓ 59%
Owner Costs
$2,101/mo ↑ 145%
268,461
Population
202,314

Tax Comparison

3.5%
Income Tax
0%
5.75%
State Sales Tax
6.25%
1.53%
Property Tax
1.6%

Affordability

22.2%
rent-to-income
Affordability
18.4%
rent-to-income

Detailed Comparison

When comparing Toledo, OH and McKinney, TX, the overall cost of living indices are 52 and 138 respectively (national median = 100). Rent is $961/month cheaper in Toledo, saving renters about $11,532/year.

Median household income is $72,741/year higher in McKinney. Home values also differ significantly — the median in Toledo is $107,000 compared to $439,500 in McKinney.

Texas has no state income tax, giving McKinney residents a significant tax advantage over Ohio's 3.5% rate.

Frequently Asked Questions

Toledo vs McKinney — common questions

Is Toledo or McKinney cheaper to live in?
Based on our cost index, Toledo is cheaper to live in with an index of 52 compared to 138 (US average = 100).
What is the rent difference between Toledo and McKinney?
Median rent in Toledo is $880/month and in McKinney it's $1,841/month — a difference of $961/month.
Which city has higher income, Toledo or McKinney?
Median household income is $47,532 in Toledo and $120,273 in McKinney. Median household income is $72,741/year higher in McKinney.
How do taxes compare between Ohio and Texas?
Ohio has 3.5% income tax, 5.75% sales tax, and 1.53% property tax. Texas has 0% income tax, 6.25% sales tax, and 1.6% property tax.
Should I move to Toledo or McKinney?
It depends on your priorities. Toledo has a cost index of 52 with median rent of $880/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 Toledo details → View McKinney details →

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