Suburbs news

North Dallas neighbor ranks as No. 1 most affordable city in U.S.

McKinney is the most affordable place to live.

Photo courtesy of City of McKinney

A Dallas suburb has landed on top of a new list of the most affordable places to live: McKinney ranked No. 1 based on its relative cost of living and high median household income.

The report by personal finance experts Motley Fool Money, "The 10 Most Affordable Cities With High Salaries and Low Costs of Living," compared hundreds of U.S. cities based on their income-to-expense ratio, where a higher ratio means better affordability. Median income was sourced from U.S. Census data, while cost of living was taken from a 2024 cost of living index from the Council for Community and Economic Research.

McKinney had the highest income-to-expense ratio (1.55) out of every U.S. city on the list to claim the No. 1 spot as the most affordable place to live. According to the report's analysts, McKinney's cost of living index is three points below the national average.

Residents in this Dallas suburb make a median income of $116,654, a staggering 43 percent higher than the national median. That's more than enough to cover the report's estimate of $75,348 for the city's cost of living.

Motley Fool Money says McKinney is alluring for "mid-career Americans."

"The average age [in McKinney] is 37 and the median property value is $440,000, which is about $20,000 higher than the national median home sales price," the report's author wrote. "The largest industries are professional, scientific and technical services, retail, and healthcare."

Plano also earned a spot in the top 10 most affordable places to live, coming in at No. 6 with an income-to-expense ratio of 1.28.

The findings show Plano households make about $108,594 in median annual income to offset an $84,931 cost of living estimate. No wonder residents are happier here than in any other city in Texas.

Plano Arts District Photo by David Downs/Visit Plano

Plano's economy is the strongest factor attracting people to this popular suburb, as well as greater Dallas-Fort Worth's entrepreneurial spirit.

"Toyota Motor North America has its headquarters in Plano, and other large companies have significant footprints there including JPMorgan, JCPenney, and Frito-Lay," the report said.

Plano also excels as one of the best places to raise a family, demonstrating the city's true versatility for both career-focused and family-focused Americans.

Though both McKinney and Plano ranked on the list of the most affordable cities to live, neither appeared in Motley Fool Money's separate ranking of the cheapest places to live. Earning the No. 1 spot in that category was Decatur, Illinois.

The only Texas cities to rank on the list of the cheapest places to live were the Rio Grande Valley cities of Edinburg (No. 3) and Harlingen (No. 6), as well as Amarillo (No. 10) in West Texas.

The top 10 most affordable places to live in the U.S. are:

No. 1 – McKinney, Texas
No. 2 – Morristown, New Jersey
No. 3 – Edmond, Oklahoma
No. 4 – Midland, Texas
No. 5 – Austin, Texas
No. 6 – Plano, Texas
No. 7 – Joliet, Illinois
No. 8 – Kansas City metropolitan area
No. 9 – Atlanta, Georgia
No. 10 – Charleston, South Carolina

dallas suburbs mckinney plano rankings

Dallas Got Robbed

The richest small town in Texas is surprisingly not in Dallas

Facebook / City of Bellaire, Texas

Houston neighbor Bellaire is the richest town in Texas.

A survey of affluent small towns has found one town in Texas to be at the top of the list, but shockingly, it is not in Dallas. The town of Bellaire, a small enclave within the Houston metro area, has earned the top spot as the richest small town in Texas for 2025. Boo.

The report, "The Richest Small Town in Every State," from GoBankingRates, selected one city from each state, using data from the U.S. Census Bureau's American Community Survey to determine the 50 richest small towns based on their median household income.

Describing Bellaire as a "small town" might be a misnomer. It's located less than 10 miles from downtown Houston and is fully surrounded by the City of Houston. It's really more of a wealthy enclave within Houston, with a population of just over 17,000 residents.

Those affluent citizens earn a median $236,311 in income every year, which GoBankingRates says is the 11th highest household median income out of all 50 cities included in the report.

The average home in this city is worth over $1.12 million, but Bellaire's lavish residential reputation often attracts properties with multi-million-dollar price tags.

Bellaire also earned a shining 81 livability score for its top quality schools, health and safety, commute times, with an abundance of exceptional local amenities.

Those include conveniently located grocery stores, coffee shops, diverse dining options, and spacious parks.

It's not the first time that Bellaire has caught the eye of GoBankingRates, which previously ranked it as the No. 23 wealthiest suburb in America, and it's been named on similar lists comparing the richest American cities.

Dallas can take comfort in the fact that a different survey found Lewisville to be of the cities attracting the most high-income households, meaning those that make more than $200,000. However, census data places the most recent median income in Lewisville at $85,002 — so it's nowhere close to catching up to Bellaire.

suburbs houston bellaire affluent households