salaryAbout the sameBased on official 2024 price levels from the U.S. Bureau of Economic Analysis.
I need in Richmond to live the same way.
🏠 Rent per month
$1,993
$1,644
🛏️ 2-bedroom rent
$1,977
$1,520
💵 Families earn per year
$133,966
$69,657
🔑 Buying a house
$471,800
$353,000
📊 Overall prices (U.S. = 100)
97.1
97.9
🏛️ Property tax per year
$7,791
$3,150
⚡ Electric bill per month
$182
$141
👥 People living there
210,600
229,359
Commute to work
27.8 min
21.7 min
College degree
54.1%
45.6%
Own their home
63.8%
43.5%
Below poverty line
5.7%
18.2%
Unemployment
3.7%
5.7%
Bottom line
- Pick McKinney for higher incomes, a more educated workforce, less poverty and 1 more.
- Pick Richmond for lower rent, cheaper 2-bedroom apartments, cheaper homes and 1 more.
Frequently asked questions
Is McKinney or Richmond cheaper to live in?
McKinney and Richmond cost about the same once rent and everyday costs are combined.
What salary do I need in Richmond to match $60,000 in McKinney?
About $60,495 a year gives the same standard of living in Richmond.
Where do people earn more, McKinney or Richmond?
The typical household earns $133,966 in McKinney and $69,657 in Richmond, 92% more in McKinney.