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Collin County · TX

Cost of living in McKinney, TX

By Mariela Lovo Ol, REALTOR® · Updated

The cost of living in McKinney, TX comes down to a few big lines: your home payment, property taxes, insurance, utilities and driving. Texas has no state income tax, which shifts more of the cost onto property taxes. Here is what to budget for each line, using only figures we can source.

What does housing cost in McKinney?

Prices change every week, so the live figures on this page come straight from the MLS feed instead of a number written here. Compare resale and new homes on the same budget, because HOA dues and special-district taxes can change the monthly total more than the price does. Browse McKinney homes for sale to see what your budget buys today.

How much are property taxes in McKinney?

Property tax is the largest ongoing cost after the mortgage. For the 2025 tax year, Collin County lists the City of McKinney at $0.412284, Collin County at $0.149343, McKinney ISD at $1.1043 and Collin College at $0.08122 per $100 of value. The City kept its rate for 2026-27.

Your address may be in another school district or a MUD, PID or MMD, which changes the total. See property taxes in McKinney for exemptions, the 10% homestead cap and a worked example.

What should you budget for homeowners insurance?

North Texas spring storms can bring hail and high wind, so insurance matters here. The Texas Department of Insurance notes that policies can carry separate deductibles for different types of loss, and that a roof paid at actual cash value pays less as it ages.

Get quotes early, ask for the wind and hail deductible in dollars, and ask about a separate flood policy, since most home policies exclude flood.

Who provides utilities in McKinney?

Water and sewer come from the City of McKinney, and inside city limits trash and recycling are bundled with the water bill. Homes in the ETJ, such as Trinity Falls, may not get city trash service.

For electricity, the City lists Oncor, CoServ Electric and Grayson-Collin Electric Cooperative. The Public Utility Commission explains that retail choice applies only where a co-op or city-owned utility does not serve you. Ask the seller for recent bills to plan for summer cooling.

What does getting around McKinney cost?

Most trips are by car. US 75 is a free highway south toward Plano and Dallas, while SH 121, the Sam Rayburn Tollway, runs along the southwest edge toward Frisco and DFW Airport.

Get an NTTA TollTag early. NTTA says drivers billed by mail through ZipCash pay twice as much as TollTag customers.

What are the sales and income tax rates in McKinney?

The combined sales tax rate in McKinney is 8.25%: the state's 6.25% plus a 2% city rate, according to the Texas Comptroller. Texas has no state personal income tax.

To test a full payment with every tax line, use the mortgage calculator. The McKinney community guide covers daily life in more detail.

Common questions

Does McKinney have a city income tax?

No. Texas has no state personal income tax, and McKinney does not levy one. Local services are funded mainly through property and sales taxes.

What is the sales tax rate in McKinney?

It is 8.25% combined, according to the Texas Comptroller's city rate list. That is the 6.25% state rate plus 2% for the City.

Why do two McKinney homes at the same price have different payments?

The school district, special districts and HOA dues can all differ by address. A MUD or PID adds its own tax or assessment. Compare the full monthly cost, not just the price.

Sources

  1. QuickFacts: McKinney city, Texas, U.S. Census Bureau (read 2026-09-24)
  2. McKinney, Texas, Wikipedia (read 2026-09-24)
  3. 2025 Tax Rates and Exemptions by Jurisdictions, Collin County Tax Assessor-Collector (read 2026-09-24)
  4. McKinney City Council Adopts FY27 Budget, City of McKinney (read 2026-09-24)
  5. McKinney's city and ETJ land zoned for 7 school districts, Community Impact (read 2026-09-24)
  6. Attendance Zones & Maps, McKinney ISD (read 2026-09-24)
  7. Choose McKinney ISD – Student Transfer, McKinney ISD (read 2026-09-24)
  8. Attendance Zones, Frisco ISD (read 2026-09-24)
  9. 2026-2027 Attendance Boundaries, Prosper ISD (read 2026-09-24)
  10. Infrastructure, McKinney Economic Development Corporation (read 2026-09-24)
  11. US 380 Environmental Impact Statement From Coit Road to FM 1827, TxDOT (Keep It Moving Dallas) (read 2026-09-24)
  12. Transit Services, City of McKinney (read 2026-09-24)
  13. McKinney National Airport home page, McKinney National Airport (City of McKinney) (read 2026-09-24)
  14. Water Billing, City of McKinney (read 2026-09-24)
  15. Residential Trash Services, City of McKinney (read 2026-09-24)
  16. Outdoor Warning Siren System, City of McKinney (read 2026-09-24)
  17. FAQs, City of McKinney (read 2026-09-24)
  18. Service Areas, Grayson-Collin Electric Cooperative (read 2026-09-24)
  19. Bonnie Wenk Park, City of McKinney Parks (read 2026-09-24)
  20. Towne Lake Park, City of McKinney Parks (read 2026-09-24)
  21. Apex Centre, City of McKinney (read 2026-09-24)
  22. Heard Natural Science Museum & Wildlife Sanctuary, Heard Museum (read 2026-09-24)
  23. Old Collin County Courthouse, Wikipedia (read 2026-09-24)
  24. Special Financing Districts, City of McKinney (read 2026-09-24)
  25. Trinity Falls home page and FAQ, Trinity Falls (Johnson Development) (read 2026-09-24)
  26. Stonebridge Ranch Community Association, Stonebridge Ranch Community Association (read 2026-09-24)
  27. Adriatica Village, Adriatica Village (read 2026-09-24)
  28. Property Tax Exemptions, Texas Comptroller of Public Accounts (read 2026-09-24)
  29. Property Tax Protests and Appeals, Texas Comptroller of Public Accounts (read 2026-09-24)
  30. Clear as MUD, Texas Real Estate Research Center at Texas A&M University (read 2026-09-24)
  31. Don't Piddle Around with PID Notices, Texas Real Estate Research Center at Texas A&M University (read 2026-09-24)
  32. Roads & Projects, North Texas Tollway Authority (read 2026-09-24)
  33. NTTA home page (TollTag and ZipCash), North Texas Tollway Authority (read 2026-09-24)
  34. Choosing an Electric Plan, Public Utility Commission of Texas (read 2026-09-24)
  35. Home insurance guide, Texas Department of Insurance (read 2026-09-24)
  36. 5 Tips for Buying New Construction, Freddie Mac (read 2026-09-24)
  37. Contracts (promulgated forms), Texas Real Estate Commission (read 2026-09-24)
  38. Texas Public Schools (TXschools.gov), Texas Education Agency (read 2026-09-24)
  39. 2026 Statewide Multi-Year Ratings Spreadsheet, Texas Education Agency (read 2026-09-24)
  40. Why Texas, Office of the Texas Governor, Economic Development and Tourism (read 2026-09-24)
  41. Sales and Use Tax (state rate and local limit), Texas Comptroller of Public Accounts (read 2026-09-24)
  42. City Sales and Use Tax Rates (downloadable city rate list), Texas Comptroller of Public Accounts (read 2026-09-24)
  43. Valuing Property (10 percent residence homestead limitation), Texas Comptroller of Public Accounts (read 2026-09-24)
  44. Texas Property Code Section 202.022 – Swimming Pool Enclosures, Texas Property Code (via texas.public.law) (read 2026-09-24)
  45. Residential Pool Construction packet, City of McKinney Building Inspections (read 2026-09-24)
  46. Property Tax Basics, Texas Comptroller of Public Accounts (read 2026-09-24)

Last reviewed: 2026-09-24. Descriptions cover places and amenities, not the people who live there. We are committed to the Fair Housing Act.