McKinney 55+ Retirement Communities

McKinney, Texas is a popular suburb north of Dallas and northeast of Fort Worth. It’s prime location and sunny weather have made it a desirable option for retirees. Besides that, the city is home to a quaint downtown, all the daily necessities one would need, and a tight-knit neighborly feel with plenty of annual festivals and parades

Climate & Geography

A suburb of Dallas, McKinney is in the northeast corner of Texas. Summers are sunny and humid, while temperatures in the winter rarely reach freezing. Residents of McKinney can expect to see rain slightly above the national average and over 200 sunny days a year.

Recreation, Culture & Entertainment

Residents looking to get outside in McKinney have plenty of options to enjoy the warm weather. These include the Heard Natural Science Museum & Wildlife Sanctuary, Erwin Park, Towne Lake Recreation Area, Bonnie Wenk Park, and several other community parks.

McKinney is known for its friendly atmosphere and close-knit neighborhood feel. Historic Downtown McKinney has several places to eat, drink, and shop. It’s also home to plenty of festivals and events throughout the year, including an art and wine festival, an Oktoberfest celebration, and a classic car festival.

There’s also a farmers market, Landon Winery, and plenty of antique shops and art stores throughout the city and downtown.

Cost of Living & Taxes

McKinney, like most of the Dallas area, has a generally higher cost of living than the national average. Most of this comes from housing and the median home cost, which is far higher than the state and national averages. Other categories such as groceries, health care, utilities, and transportation are at or around the national average.

Texas is known as a tax-friendly state, and that generally stays the same in McKinney. There’s no state income tax nor is any retirement income taxed in Texas. There are several tax breaks for those 65 and older, particularly homeowners. McKinney does add a 2 percent sales tax onto the state’s 8.25 percent rate.

Healthcare

The Dallas area generally scores high on Gallup’s Well-Being Index, ranking among the top 40 metro areas throughout the country.
There are three medical centers and hospitals within McKinney. They are the Medical Center of McKinney, Methodist McKinney Hospital, and Baylor Scott & White Medical Center. Besides those, the Dallas area is home to seven highly-rated hospitals by U.S. News and Reports, including two which are nationally ranked: UT Southwestern Medical Center and Baylor University Medical Center.