Housing costs in McKinney?
A typical home costs
$417,800, which is 23.6% more expensive than the national average of
$338,100 and 40.4% more expensive than the average Texas home, at
$297,600. Renting a two-bedroom unit in McKinney costs
$1,550 per month, which is 21.1% more than the national average of
$1,280 and close to the state average of
$1,530.
Can I afford McKinney?
To live comfortably in McKinney (zip 75069), Texas, a minimum annual income of
$79,920 for a family, and
$52,400 for a single person is recommended.
What does A.I. say about McKinney?
The cost of living in 75069 McKinney, TX is relatively high compared to many other areas in the United States. According to BestPlaces, the average cost of living index in 75069 McKinney, TX is 109.4%, higher than the US average of 100%. This means that goods and services are almost 10% more expensive in this area than they are on average throughout the US. For example, housing costs are nearly 15% higher than the national average, while utility costs are over 6% above the norm. Additionally, transportation costs here tend to be slightly higher than average as well. All things considered, residents of 75069 McKinney should expect to pay a bit more for their day-to-day expenses than other Americans.