Cost of Living in McKinney, TX
Population: 202,314 • 2026 Data
$120,273
Median Household Income
+55% vs national
$1,841
Median Monthly Rent
+37% vs national
$439,500
Median Home Value
+30% vs national
3.5%
Unemployment Rate
Housing in McKinney
The median home value in McKinney, TX is $439,500. Monthly rent for a typical unit averages $1,841, while total monthly housing costs (including utilities and insurance) average $2,101.
Rent-to-income ratio: 18.4%. This is within the recommended 30% threshold, suggesting housing is relatively affordable for median-income earners.
Income and Employment
The median household income in McKinney, TX is $120,273. The unemployment rate stands at 3.5%, with a labor force of 109,285 people.
Data Sources
All data from the US Census Bureau American Community Survey 5-Year Estimates. National median figures used for comparison context.