Cost of Living in McKinney, Texas
In McKinney, the median household income is $124,215 and the median gross rent is $1,901/mo, with a median home value of $471,800. Source: Census Bureau ACS, 2020-2024 estimates.
- Median household income
- $124,215
- Median gross rent
- $1,901/mo
- Median home value
- $471,800
- Population
- 210,600
How McKinney compares to the Texas average
| Measure | McKinney, TX | Texas statewide | Difference |
|---|---|---|---|
| Median household income | $124,215 | $78,476 | +58.3% |
| Median gross rent (monthly) | $1,901 | $1,403 | +35.5% |
| Median home value | $471,800 | $283,800 | +66.2% |
Statewide, Texas prices average 97.1 on the BEA Regional Price Parity index (2024), where the U.S. average is 100.
Housing affordability in McKinney
- Salary needed for median rent
- $76,040
- Rent burden at median income
- 18.4%
- Est. affordable home price
- $453,128
So that $1,901/mo is 30% of gross income
Share of the median household income spent on median rent (30%+ = cost-burdened)
At median income, 6.67% 30-yr rate (FRED, 2026-08), 20% down, 28% front-end DTI
The median home value in McKinney is $471,800 — +4.1% above what the median household income supports under these assumptions.
Estimates from documented formulas — see methodology. Not financial advice.
Cost of living in other Texas cities
About this data
- American Community Survey 5-Year Estimates — data period 2020-2024, retrieved August 13, 2026.
- Regional Price Parities — data period 2024, retrieved August 13, 2026.
- Federal Reserve Economic Data — data period 2026-08, retrieved August 13, 2026.
Figures are shown exactly as published by the source or derived by the documented formulas on our methodology page. Where a source suppresses an estimate, we show “—” rather than a substitute value.