Austin vs McKinney
Cost of Living Comparison · 2026 Data
Austin
McKinney
💡 The Verdict
McKinney is 13% cheaper than Austin overall. A $75,000 salary in Austin is equivalent to $65,187 in McKinney.
Category-by-Category Breakdown
Index values for Austin (left) vs McKinney (right). National average = 100.
Detailed Price Comparison
Estimated item-level prices in Austin versus McKinney. Differences shown from Austin perspective.
| Item | Austin | McKinney | Difference |
|---|---|---|---|
| 1-Bed Rent | $1,280/mo | $850/mo | +$430.00 |
| 2-Bed Rent | $1,700/mo | $1,180/mo | +$520.00 |
| 3-Bed Rent | $2,180/mo | $1,550/mo | +$630.00 |
| Bread (loaf) | $2.33 | $2.77 | $-0.44 |
| Milk (gallon) | $4.02 | $3.39 | +$0.63 |
| Eggs (dozen) | $2.51 | $3.51 | $-1.00 |
| Coffee (latte) | $5.16 | $5.64 | $-0.48 |
| Gas (gallon) | $3.41 | $3.16 | +$0.25 |
| Restaurant Meal | $14.80 | $16.65 | $-1.85 |
💰 Salary Equivalence
A $75,000 salary in Austin has the same purchasing power as $65,187 in McKinney.
Conversely, $75,000 in McKinney equals $86,290 in Austin.
💼 Take-Home Pay Comparison
Estimated annual take-home pay on a $75,000 salary after federal, FICA, and state income taxes.
Both states have similar effective tax rates on this salary level. Texas details → · Texas details →
Reading These Numbers: Austin (107) vs McKinney (93)
Austin at 107 is 7% above the US average, while McKinney at 93 is 7% below average. There is a meaningful cost gap between these two cities that affects day-to-day budgeting.
In Austin, the composite index of 107 reflects a weighted calculation where housing carries the most influence at 123, followed by groceries (96), utilities (97), transportation (102), and healthcare (97). Housing is the primary cost driver here.
For renters: With median rents of $1,700/mo in Austin and $1,180/mo in McKinney, the annual rent difference is approximately $6,240.0. Over a 5-year period, that compounds to $31,200.0 in savings by choosing the more affordable city.
For homebuyers: The $108,000.0 difference in median home prices between Austin and McKinney translates to meaningful differences in mortgage payments at current rates. Factor this into your budget alongside property taxes and insurance, which also vary by location.
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Making Your Decision: Austin vs McKinney
Choosing between Austin and McKinney involves more than just comparing index numbers. Consider how each category aligns with your personal spending patterns. If you work from home, transportation costs matter less than housing and utilities. If you eat out frequently, the groceries index may understate your actual food spending — look at the restaurant meal prices in the detailed comparison table above instead.
Beyond the numbers shown above, quality of life differences between Austin and McKinney can meaningfully affect your financial picture in ways the index does not capture. Commute time translates to fuel costs and vehicle depreciation. Climate affects utility bills seasonally. Access to public parks and free cultural venues reduces entertainment spending. Consider these secondary financial effects alongside the direct cost comparisons when making your final decision.