Relative to its own citywide benchmarks, McKinney appears less affordable for renters given that median gross rent ($1,901/month) represents approximately 18.4% of median monthly household income ($10,351.25), which is above the common 30% affordability threshold when combined with other costs. However, without data on utilities, transportation, or non-housing expenses beyond the modeled $1,250/month baseline, a full affordability assessment cannot be completed from the source pack alone.
McKinney at a glance
What the default budget models
A one-person renting household begins with a modeled annual core-cost baseline of $37,812. It combines the ACS median gross-rent estimate with a uniform $1,250 monthly non-housing baseline. State income tax is excluded until a current official reference is approved; the calculator labels that limitation instead of guessing.
| 2024 ACS population estimate | 210,600 |
| 2024 ACS median household income | $124,215 |
| 2024 ACS median gross rent | $1,901 |
| 2024 ACS median owner-occupied home value | $471,800 |
| Derived one-way commute estimate | 30 minutes |
| State-tax treatment | Excluded — official reference pending |
| Rent-to-income reference | 18% |
The trade-off
Relative strength: Median home value is nearly 3.8 times median household income.. Watch closely: higher income supports housing costs but may reflect tradeoffs in commute or non-housing expenses..
Compare McKinney
Frequently asked questions
Is McKinney, Texas affordable for renters based on 2024 ACS data?
Median gross rent of $1,901 per month is about 18.4% of median monthly household income ($10,351.25), which falls below the 30% rent-to-income threshold often used for affordability. However, this only considers rent and does not include utilities, transportation, or other costs, so full affordability cannot be determined from the source pack.
How does McKinney's median home value compare to local income?
The median owner-occupied home value is $471,800, while median household income is $124,215, resulting in a home value-to-income ratio of approximately 3.8. This ratio suggests home prices are moderately elevated relative to income, but interpretation depends on local mortgage rates, down payment capacity, and housing supply factors not included in the source pack.
Source ledger
Every production input below is retained with its publisher and dataset. The ACS figures are five-year estimates, not live listings or guarantees.
- PopulationU.S. Census Bureau · 2024 ACS 5-Year B01003
- Median household incomeU.S. Census Bureau · 2024 ACS 5-Year B19013
- Median gross rentU.S. Census Bureau · 2024 ACS 5-Year B25064
- Median owner-occupied home valueU.S. Census Bureau · 2024 ACS 5-Year B25077
- Commute-time distributionU.S. Census Bureau · 2024 ACS 5-Year B08303
Interpretation: The ACS 2024 five-year estimates generally summarize observations across 2020–2024. The commute number is a weighted midpoint estimate from table B08303. State income tax is not included in the modeled take-home result. Verify a current address, quote, commute, and tax situation before making a decision.