McKinney, TX
Discover how far your salary goes in McKinney. Compare taxes, rent, and living costs.
195,308
None! 🎉
$1,470
/month
+5%
above avg
How far would your salary go in McKinney?
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Rent Prices in McKinney
Studio
$1,176
/month
$14,112/year
1 Bedroom
$1,470
/month
$17,640/year
2 Bedroom
$1,985
/month
$23,820/year
3 Bedroom
$2,573
/month
$30,876/year
Taxes in Texas
State Income Tax
Texas
No State Income Tax!
Texas doesn't tax wages—keep more of every paycheck.
Federal Income Tax
Same nationwide
Federal taxes use progressive brackets. The more you earn, the higher your marginal rate.
Learn how tax brackets workMore Affordable Alternatives
Cities with lower cost of living where your money goes further:
Frequently Asked Questions
What is the cost of living in McKinney, TX?▼
McKinney has a cost of living index of 117, which is 17% above the national average. A 1-bedroom apartment costs around $1,470/month.
What is the state income tax in Texas?▼
Texas has no state income tax! This can save you thousands of dollars per year compared to states with income tax.
How much is rent in McKinney?▼
The median rent for a 1-bedroom apartment in McKinney is $1,470/month. For a 2-bedroom, expect to pay around $1,985/month. This is 5% above the national average.
Is McKinney a good place to live?▼
McKinney is a mid-size city with a population of 195,308. The cost of living is above average, making it more expensive than average for the US. A major advantage is zero state income tax.
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