Assisted Living Communities in Mckinney, Texas

In McKinney, assisted living facilities charge around $3,274 per month, based on rates in the 2024 Genworth Cost of Care Survey. By contrast, the Texas median runs near $4,915, making McKinney among the most economical places in the state for care. Rates trend higher in nearby cities, including Dallas and Waco, where respective monthly fees come in at approximately $5,241 and $5,501.

While many families use their own funds or personal assets to pay for assisted living, there are plenty of additional options to cover these costs. Some additional ways to finance assisted living costs include:

• Veterans Benefits
• Life Insurance Policy
• Long-Term Care Insurance
• Reverse Mortgage

For more information about different ways to finance assisted living, visit our Assisted Living in Texas page.

Assisted living ranks as the most budget-friendly senior care solution in McKinney, with residential care facilities charging around $3,274 per month for care. This comes in well below nursing home norms of approximately $5,992. It also offers over $10,000 in monthly savings over the cost of home health care services.

The Texas Department of Health and Senior Services licenses and regulates assisted living communities in McKinney, as in all of Texas. Facilities undergo inspections and are issued licenses depending on the level of care they provide, either a Type A or Type B. The staff must hold the proper certification and levels of training, which is also part of the inspections. 

• Seniors in McKinney may feel secure living here since the crime rates are lower than the national averages. Violent crime is just 10.2, compared to the national average of 22.7, while property crime rates are 26.2, compared to 35.4 for the country. 
• Texas doesn’t have a state income tax, which can benefit seniors on a fixed income. This includes all income derived from Social Security and withdrawals from retirement accounts. Seniors also receive a homestead tax exemption and a property tax deferral. 
• McKinney, as part of the greater Dallas area, is a member of the AARP’s Network of Age-Friendly Communities, a list of cities across the nation that are senior-friendly, including offering access resources and general livability. 
• The cost of living in McKinney is 107.9, which is slightly higher than the median for the country, 100. The highest category in the cost of living here is housing, 136.5, while health care is the lowest, 96.4. 
• McKinney summers are long and hot, with temperatures reaching 93 degrees in July, and 229 days of sunshine per year, compared to 205 for the national average. Winters are mild, which people sensitive to the cold may appreciate. The city gets just 2 inches of snow per year, and January lows are 32 degrees. 
• Both air and water quality in McKinney are higher than average. Air quality rates 80 out of 100, while water quality is 61 out of 100. The national averages are 55 out of 100 and 58 out of 100, respectively. 
• McKinney elderly have plenty of options for health care in the city, with access to the Baylor, Scott, and White hospitals and medical systems, as well as more doctors per 100,000 residents, 228 compared to the national average of 210.