Cost of Living in McKinney, TX
Cost indexes, living wages, and fair market rents — 2024 Data
Cost of Living Overview
Overall Index
185.3
100 = national avg
+85.3 vs national average
Living Wage (1 Adult)
$81,544
per year
Living Wage (Family of 4)
$192,740
per year
Cost Index by Category
Housing229.8
Food141.9
Transportation183.9
Healthcare133.5
Utilities151.1
100 = national average. Higher = more expensive.
Fair Market Rent
Source: HUD1 Bedroom
$1,648
per month
2 Bedroom
$1,931
per month
The overall cost of living index in McKinney is 185.3, which is 85.3% above the national average. Housing costs are above the national average at an index of 229.8. A single adult needs to earn approximately $81,544 per year to cover basic expenses.