salaryMcKinney is 8% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Minneapolis to live the same way.
🏠 Rent per month
$1,993
$1,649
🛏️ 2-bedroom rent
$1,977
$1,805
💵 Families earn per year
$133,966
$87,192
🔑 Buying a house
$471,800
$362,200
📊 Overall prices (U.S. = 100)
97.1
104.8
🏛️ Property tax per year
$7,791
$4,339
⚡ Electric bill per month
$182
$91
👥 People living there
210,600
427,246
Commute to work
27.8 min
22 min
College degree
54.1%
55.5%
Own their home
63.8%
47.7%
Below poverty line
5.7%
16%
Unemployment
3.7%
5.9%
Bottom line
- Pick McKinney for higher incomes, less poverty, lower unemployment.
- Pick Minneapolis for lower rent, cheaper 2-bedroom apartments, cheaper homes and 2 more.
Frequently asked questions
Is McKinney or Minneapolis cheaper to live in?
McKinney is about 8% cheaper overall. Rent is $1,993 a month there versus $1,649 in Minneapolis.
What salary do I need in Minneapolis to match $60,000 in McKinney?
About $64,800 a year gives the same standard of living in Minneapolis.
Where do people earn more, McKinney or Minneapolis?
The typical household earns $133,966 in McKinney and $87,192 in Minneapolis, 54% more in McKinney.