Cost of Living: Mckinney, TX vs Lexington, KY
Housing
The housing market plays a significant role in determining the cost of living.
| Metric | Mckinney | Lexington |
|---|---|---|
| Housing Index | 95.0 | 95.0 |
| Median Home Price | $360,000 | $275,000 |
| Average Rent (2 BR Apartment) | $1800 | $1350 |
| Average Rent (2 BR House) | $1900 | $1360 |
Housing Comparison: Mckinney vs Lexington
- In Mckinney, the median home price is higher at $360,000, while in Lexington it is $275,000.
- Renting a two-bedroom apartment costs more in Mckinney at $1,800 than in Lexington at $1,350.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living.
| Metric | Mckinney | Lexington |
|---|---|---|
| Electricity Price | $14.47 | $12.87 |
| Natural Gas Price | $26.29 | $22.78 |
| Other Utilities | $200 | $230 |
Utilities Comparison: Mckinney vs Lexington
- Electricity costs are higher in Mckinney at $14.47 per kWh, compared to $12.87 in Lexington.
- Natural gas is more expensive in Mckinney at $26.29 per unit, while it is cheaper at $22.78 in Lexington.
- Lexington has higher utility expenses, averaging $230, while Mckinney averages $200.