Colorado Springs vs McKinney
Cost of Living Comparison · 2026
Colorado Springs
McKinney
The Verdict
Colorado Springs is 6.2% less expensive than McKinney overall. A household earning $75,000 in Colorado Springs would need approximately $80,000 in McKinney to maintain the same standard of living.
Category-by-Category Breakdown
Index values · National average = 100 · Lower is more affordable
Salary Equivalence
A $75,000 salary in Colorado Springs has the same purchasing power as $80,000 in McKinney.
Conversely, $75,000 in McKinney equals $70,313 in Colorado Springs.
Living in Colorado Springs vs McKinney
Housing Costs
Colorado Springs's housing index of 115 is lower McKinney's 140, translating to median home prices of $380,000 vs $472,000. The $92,000 difference in home prices means roughly $5,976 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,500/mo in Colorado Springs compared to $1,900/mo in McKinney, a monthly difference of $400.
Grocery & Food Costs
Grocery expenses index at 100 in Colorado Springs and 97 in McKinney. A household spending the national average of $475/month on groceries would pay approximately $475/month in Colorado Springs vs $461/month in McKinney. The difference in grocery costs between these cities is relatively minor and unlikely to be a deciding factor in relocation.
Utility Expenses
Utility costs — electricity, gas, water, internet — index at 93 in Colorado Springs and 113 in McKinney. Monthly utility bills average approximately $372 in Colorado Springs vs $452 in McKinney. Climate differences between the two cities drive much of this gap, with heating and cooling costs varying substantially by region.
Healthcare
Healthcare costs index at 104 in Colorado Springs and 129 in McKinney. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 25-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $64,712 in Colorado Springs and $124,200 in McKinney. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $61,630 and $110,893 respectively. McKinney residents come out ahead in real purchasing power.
Relocation Considerations
Under the standard 28% rule, a median-income household can allocate $1,510/month to housing in Colorado Springs vs $2,898/month in McKinney. In Colorado Springs, median rent of $1,500/mo fits within this budget. In McKinney, median rent of $1,900/mo remains manageable. The biggest category-level difference between these two cities is Housing, where the gap is 25 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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