Allen, TX vs McKinney, TX

Allen, TX and McKinney, TX have a very similar cost of living, with only a 0.2% difference in their overall index. Allen scores 128 while McKinney scores 128 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Allen is $1,877/month compared to $1,841/month in McKinney — a 2% difference. Interestingly, home values tell a different story: while McKinney has cheaper rent, Allen actually has lower median home values ($429,900 vs $439,500).

Median household income in Allen is $129,130 compared to $120,273 in McKinney (+7.4%). While Allen is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Allen spend roughly 17.4% of their income on rent, less than the 18.4% in McKinney.