salaryMcKinney is 3% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in McKinney to live the same way.
🏠 Rent per month
$1,347
$1,993
🛏️ 2-bedroom rent
$1,153
$1,977
💵 Families earn per year
$43,073
$133,966
🔑 Buying a house
$83,900
$471,800
📊 Overall prices (U.S. = 100)
100.3
97.1
🏛️ Property tax per year
$1,402
$7,791
⚡ Electric bill per month
$196
$182
👥 People living there
638,530
210,600
Commute to work
24.8 min
27.8 min
College degree
18.1%
54.1%
Own their home
50.3%
63.8%
Below poverty line
32.7%
5.7%
Unemployment
14%
3.7%
Bottom line
- Pick Detroit for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
- Pick McKinney for higher incomes, a more educated workforce, less poverty and 1 more.
Frequently asked questions
Is Detroit or McKinney cheaper to live in?
McKinney is about 3% cheaper overall. Rent is $1,993 a month there versus $1,347 in Detroit.
What salary do I need in McKinney to match $60,000 in Detroit?
About $58,061 a year gives the same standard of living in McKinney.
Where do people earn more, Detroit or McKinney?
The typical household earns $43,073 in Detroit and $133,966 in McKinney, 68% more in McKinney.