McKinney, TX vs Plano, TX

McKinney, TX and Plano, TX have a very similar cost of living, with only a 1.1% difference in their overall index. McKinney scores 128 while Plano scores 126 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 McKinney is $1,841/month compared to $1,792/month in Plano — a 3% difference. Interestingly, home values tell a different story: while Plano has cheaper rent, McKinney actually has lower median home values ($439,500 vs $440,600).

Median household income in McKinney is $120,273 compared to $108,649 in Plano (+10.7%). While McKinney is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of McKinney spend roughly 18.4% of their income on rent, less than the 19.8% in Plano.

Climate-wise, both cities share similar average temperatures (65°F vs 65°F). Plano receives more rainfall at 38.3" per year compared to 38.3" in McKinney.