Irving vs McKinney
Cost of Living Comparison · 2026
Irving
McKinney
The Verdict
Irving is 10.7% less expensive than McKinney overall. A household earning $75,000 in Irving would need approximately $84,000 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 Irving has the same purchasing power as $84,000 in McKinney.
Conversely, $75,000 in McKinney equals $66,964 in Irving.
Living in Irving vs McKinney
Housing Costs
Irving's housing index of 94 is lower McKinney's 140, translating to median home prices of $318,000 vs $472,000. The $154,000 difference in home prices means roughly $10,008 per year in additional mortgage costs at current rates. Renters face a similar gap: $1,350/mo in Irving compared to $1,900/mo in McKinney, a monthly difference of $550.
Grocery & Food Costs
Grocery expenses index at 99 in Irving and 97 in McKinney. A household spending the national average of $475/month on groceries would pay approximately $470/month in Irving 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 111 in Irving and 113 in McKinney. Monthly utility bills average approximately $444 in Irving vs $452 in McKinney. Utility costs are relatively comparable between these two cities.
Healthcare
Healthcare costs index at 103 in Irving and 129 in McKinney. This encompasses insurance premiums, doctor visit copays, dental care, and prescription costs. The 26-point gap reflects real differences in provider costs, insurance market competition, and regional healthcare infrastructure.
Income & Purchasing Power
Median household income is $73,400 in Irving and $124,200 in McKinney. After adjusting for local costs, purchasing-power-equivalent incomes are approximately $73,400 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 $1,713/month to housing in Irving vs $2,898/month in McKinney. In Irving, median rent of $1,350/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 46 index points — focus your budget analysis there.
Frequently Asked Questions
Moving & Relocation Resources
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