salaryMcKinney is 6% cheaperBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Phoenix to live the same way.
🏠 Rent per month
$1,993
$1,893
🛏️ 2-bedroom rent
$1,977
$1,729
💵 Families earn per year
$133,966
$87,717
🔑 Buying a house
$471,800
$420,700
📊 Overall prices (U.S. = 100)
97.1
103.3
🏛️ Property tax per year
$7,791
$1,850
⚡ Electric bill per month
$182
$181
👥 People living there
210,600
1,642,323
Commute to work
27.8 min
25.6 min
College degree
54.1%
33.6%
Own their home
63.8%
57.3%
Below poverty line
5.7%
13.7%
Unemployment
3.7%
5%
Bottom line
- Pick McKinney for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Phoenix for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Frequently asked questions
Is McKinney or Phoenix cheaper to live in?
McKinney is about 6% cheaper overall. Rent is $1,993 a month there versus $1,893 in Phoenix.
What salary do I need in Phoenix to match $60,000 in McKinney?
About $63,869 a year gives the same standard of living in Phoenix.
Where do people earn more, McKinney or Phoenix?
The typical household earns $133,966 in McKinney and $87,717 in Phoenix, 53% more in McKinney.