City Comparison

Cranston vs McKinney

Cost of Living Comparison · 2026

Cranston

Rhode Island
109
Above Average
$395,000
Median Home
$1,375/mo
Median Rent
$90,200
Median Income

McKinney

Texas
112
Above Average
$472,000
Median Home
$1,900/mo
Median Rent
$124,200
Median Income

The Verdict

2.7%

The cost gap between these cities is 2.7%, with Cranston being the more affordable option. A $75,000 income in Cranston has equivalent purchasing power to $77,064 in McKinney.

Category-by-Category Breakdown

Index values · National average = 100 · Lower is more affordable

Housing
135
Cranston
140
McKinney
Groceries
103
Cranston
97
McKinney
Utilities
113
Cranston
113
McKinney
Transportation
93
Cranston
85
McKinney
Healthcare
110
Cranston
129
McKinney

Salary Equivalence

A $75,000 salary in Cranston has the same purchasing power as $77,064 in McKinney.

Conversely, $75,000 in McKinney equals $72,991 in Cranston.

Living in Cranston vs McKinney

Housing Costs

Cranston's housing index of 135 is lower McKinney's 140, translating to median home prices of $395,000 vs $472,000. The $77,000 difference in home prices means roughly $5,004 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,375/mo in Cranston compared to $1,900/mo in McKinney, a monthly difference of $525.

Grocery & Food Costs

Grocery expenses index at 103 in Cranston and 97 in McKinney. A household spending the national average of $475/month on groceries would pay approximately $489/month in Cranston vs $461/month in McKinney. McKinney offers a meaningful advantage on everyday food costs, saving roughly $336/year.

Utility Expenses

Utility costs — electricity, gas, water, internet — index at 113 in Cranston and 113 in McKinney. Monthly utility bills average approximately $452 in Cranston vs $452 in McKinney. Utility costs are relatively comparable between these two cities.

Healthcare

Healthcare costs index at 110 in Cranston and 129 in McKinney. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 19-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.

Income & Purchasing Power

Median household income is $90,200 in Cranston and $124,200 in McKinney. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $82,752 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 $2,105/month to housing in Cranston vs $2,898/month in McKinney. In Cranston, median rent of $1,375/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 Healthcare, where the gap is 19 index points — focus your budget analysis there.

Frequently Asked Questions

Cranston is 2.7% more affordable overall with an index of 109 vs 112.
A $75,000 salary in Cranston has equivalent purchasing power to approximately $77,064 in McKinney, based on the cost of living difference.
Cranston's housing index is 135 with median homes at $395,000, while McKinney's is 140 with median homes at $472,000.

Moving & Relocation Resources

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