Is Phoenix, AZ cheaper than McKinney, TX?

Based on cost of living data, Phoenix, AZ is 2.6% cheaper than McKinney, TX. This translates to saving $198 per month.

What salary do I need in Phoenix, AZ to live like I do in McKinney, TX?

If you earn $150,000 in McKinney, TX, you'd need approximately $147,622.642 in Phoenix, AZ to maintain the same standard of living.

How does housing cost compare between McKinney, TX and Phoenix, AZ?

Housing in Phoenix, AZ is 5.2% more expensive than in McKinney, TX. For a two-bedroom apartment, rent is $1,750/month in Phoenix, AZ compared to $1,600/month in McKinney, TX.

How much can I save per month by moving from McKinney, TX to Phoenix, AZ?

Moving from McKinney, TX to Phoenix, AZ could save you approximately $198 per month, or $2377 per year, based on a $150,000 salary.

McKinney, TX vs Phoenix, AZ: Cost of Living Comparison 2026

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Cost of Living Comparison 2026

📍 McKinney, TX — COL adjusted from Plano, TX area + state data

Current salary in McKinney, TX

Numbers update automatically as you type

You'd save $198/month moving to Phoenix, AZ

$150.0K in your current city equals $147.6K in Phoenix, AZ

Rent data from HUD ZIP-level estimates · COL index from Dallas-Fort Worth-Arlington, TX area

Overall Cost

↓ 2.6%

Less expensive

Monthly Impact

$198

Savings

Annual Impact

$2.4K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

McKinney, TX

Population:214K

Cost Index:100

Median Home:$496K

Phoenix, AZ

Population:1608K

Cost Index:97

Median Home:$414K

McKinney, TX

The Lone Star State

214K

Population

State Tax

No Income Tax

Located in Texas, this city has a population of 214K residents.

💡 Advantage: Texas has no state income tax!

Phoenix, AZ

The Grand Canyon State

1.6M

Population

State Tax

Yes

Climate

Hot desert

Notable Facts

•Fastest growing major city
•Desert metropolis
•Spring training capital

Major Industries

TechnologyHealthcareTourismManufacturing

Cost Breakdown by Category

Annual spending: McKinney, TX vs Phoenix, AZ

Category	McKinney, TX	Phoenix, AZ	Difference	Change
📦Other	$1,925/mo	$1,677/mo	↓ $248less	12.9%
🚗Transportation	$1,298/mo	$1,489/mo	↑ $191more	14.7%
🏠Housing	$2,651/mo	$2,788/mo	↑ $138more	5.2%
🏥Healthcare	$632/mo	$589/mo	↓ $43.37less	6.9%
🛒Groceries	$979/mo	$963/mo	↓ $15.99less	1.6%
⚡All Utilities	$563/mo	$561/mo	↓ $1.64less	0.3%

📦Other

↓ 12.9%

McKinney, TX

$1,925

Phoenix, AZ

$1,677

Difference

$248

less

🚗Transportation

↑ 14.7%

McKinney, TX

$1,298

Phoenix, AZ

$1,489

Difference

$191

🏠Housing

↑ 5.2%

McKinney, TX

$2,651

Phoenix, AZ

$2,788

Difference

$138

🏥Healthcare

↓ 6.9%

McKinney, TX

$632

Phoenix, AZ

$589

Difference

$43.37

less

🛒Groceries

↓ 1.6%

McKinney, TX

$979

Phoenix, AZ

$963

Difference

$15.99

less

⚡All Utilities

↓ 0.3%

McKinney, TX

$563

Phoenix, AZ

$561

Difference

$1.64

less

🏠Rent Comparison

Studio

From$1,100

To$1,390

↑ $290

1 Bed

From$1,300

To$1,510

↑ $210

2 Bed

From$1,600

To$1,750

↑ $150

3 Bed

From$2,200

To$2,330

↑ $130

Phoenix, AZZIP-level data

1BR range: $1,300–$2,380/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$8,048

Monthly in McKinney, TX

$8,068

Monthly in Phoenix, AZ

$20.22

Difference

Home Values

McKinney

Phoenix

Median Value

$414K

YoY Change

↓ -3.1%

5-Year Change

↑ +30.2%

Price Range

$274K - $957K

Calculate payment - Phoenix

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↓ $5.2K

More taxes

Monthly Difference

$436

Less take-home

Effective Rate Diff

3.5%

Rate difference

McKinney, TX

Federal Income Tax

Effective: 18.9%

$25.5K

Texas State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Phoenix, AZ

Federal Income Tax

Effective: 18.9%

$25.5K

Arizona State Tax

Effective: 3.5%

$5.2K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 28.2%

$42.2K

Take-Home Pay

$8,979/month

$107.8K

Additional Tax Information

McKinney, TX Tax Rates

Sales Tax:8.2%

Property Tax:1.8%

Phoenix, AZ Tax Rates

Sales Tax:8.5%

Property Tax:0.6%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.