Cost of Living: McKinney, TX vs Waco, TX
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,516/mo in McKinney, TX versus $4,516/mo in Waco, TX. In the model, rent is about 26.83% of gross in McKinney, TX versus 15.99% in Waco, TX, so Waco, TX tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between McKinney, TX and Waco, TX.
At a glance
- Cheaper overall (lower cost-of-living index): Waco, TX
- Lower rent (median 1BR/2BR): Waco, TX
- Lower home prices: Waco, TX
- Higher median household income: McKinney, TX
Cost of Living Index
McKinney, TX: 106.4 (U.S. = 100) · Waco, TX: 100 (U.S. = 100)
Waco, TX has a lower cost-of-living index than McKinney, TX, so a given salary generally stretches further there.
Median Rent
McKinney, TX: $1,749/mo (midpoint of 1BR/2BR) · Waco, TX: $1,043/mo
Median rent in McKinney, TX is $706/mo higher than in Waco, TX.
Median Home Price
McKinney, TX: $439,500 · Waco, TX: $199,600
Median home price in McKinney, TX is $239,900 higher than in Waco, TX.
Median Household Income
McKinney, TX: $120,273 · Waco, TX: $51,468
McKinney, TX has a higher median household income than Waco, TX by $68,805.
McKinney, TX overview · Waco, TX overview · Popular comparisons