salaryRent is higher than in 69% of U.S. cities. A typical house costs about 3.5 years of household income.
How much money do I need?
To rent here comfortably, you should earn about $79,720 a year. That is $38 an hour at a full-time job.
Is rent cheaper than other Texas cities?
No. Rent here is more expensive than in most of Texas. It is number 339 of 426 cities from cheapest to most expensive.
Compare McKinney with other big cities
Compare McKinney to 149 other cities →
How much do households earn in McKinney?
Share of households by yearly income. 49.8% of households earn $100,000 or more.
Rent by apartment size in McKinney
| Size | McKinney | U.S. average |
|---|---|---|
| Studio | $1,524 | $1,338 |
| 1 bedroom | $1,572 | $1,324 |
| 2 bedrooms | $1,977 | $1,509 |
| 3 bedrooms | $2,488 | $1,698 |
| 4 bedrooms | $2,943 | $2,098 |
Median monthly rent plus utilities for all renters, by number of bedrooms.
How expensive is McKinney overall?
Everyday prices in Texas overall are 3% below the U.S. average (index 97.1, U.S. = 100).
Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for McKinney, so the Texas figure is shown.
Taxes and bills in McKinney
Life in McKinney
Is it cheaper to rent or buy in McKinney?
Renting is cheaper right now: about $1,281 a month less.
Owning assumes a typical $471,800 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $47,180 for the down payment.
Frequently asked questions
What is the average rent in McKinney, TX?
Renting in McKinney costs a median of about $1,993 a month in 2026, including utilities. The Texas median is $1,451.
How much do I need to make to live in McKinney?
To keep rent under 30% of income, you need about $79,720 a year, or $38 an hour at a full-time job.
Is McKinney cheap or expensive?
McKinney is rated Cheap: rent takes 17.9% of the typical household income of $133,966. It ranks 339th cheapest of 426 Texas cities we track.
How much are property taxes in McKinney?
The median homeowner in McKinney pays $7,791 a year in property taxes, about 1.65% of the median home value.
Is McKinney more expensive than the national average?
Overall prices in Texas are 3% below the U.S. average, according to the U.S. Bureau of Economic Analysis.
How much does a house cost in McKinney?
The median home value in McKinney is $471,800, about 3.5 times the typical yearly household income.
210,600 people live in McKinney. Numbers are typical (middle) values.