Cost of Living in Mckinney, TX
Housing
The housing market plays a significant role in determining the cost of living in Mckinney, TX.
- Housing Index: 95.0 / 100
- Median Home Price is: $360000
- Average Rent (2 BR Apartment): $1800 per month
- Average Rent (2 BR House): $1900 per month
Considering a move to Mckinney, TX? With a housing index of 95.0, the area is slightly below the national average, suggesting a more affordable market. The median home price stands at 360000, making home ownership accessible, while average rents for a 2-bedroom apartment and house are priced at 1800 and 1900, respectively. Despite moderate rents, the relatively low housing index signifies a stable investment environment. The local economy's growth trends could amplify property values in the long term, positioning this area as an attractive option.
Utilities
The cost of utilities such as electricity, natural gas, and other services can significantly impact the overall cost of living in Mckinney, TX.
- Electricity Price: $14.47 USD (median by state)
- Natural Gas Price: $26.29 USD per Thousand Cubic Feet (median by state)
- Other Utilities (water, garbage, etc.): $200 per month
Living in Mckinney, TX could entail higher utility costs. Electricity costs sit at $14.47, while natural gas is priced at $26.29 per Thousand Cubic Feet — both aligning with state medians. Expect to budget about $200 monthly for other services like water and garbage. These utility expenses are vital considerations as they directly influence monthly living costs. Comparing these rates to other cities may help ascertain if Mckinney is a financially viable option for your relocation.