Cedar Park, TX vs McKinney, TX

Cedar Park, TX and McKinney, TX have a very similar cost of living, with only a 1% difference in their overall index. Cedar Park scores 126 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 Cedar Park is $1,753/month compared to $1,841/month in McKinney — a 5% difference. Interestingly, home values tell a different story: while Cedar Park has cheaper rent, McKinney actually has lower median home values ($439,500 vs $474,800).

Median household income in Cedar Park is $123,972 compared to $120,273 in McKinney (+3.1%). Cedar Park offers a double advantage: higher earnings combined with a lower cost of living, giving residents significantly more purchasing power. Looking at affordability, residents of Cedar Park spend roughly 17% of their income on rent, less than the 18.4% in McKinney.