McKinney is a larger medium-sized city located in the state of Texas. With a population of 199,177 people and 25 constituent neighborhoods, McKinney is the 19th largest community in Texas. Much of the housing stock in McKinney was built relatively recently. The construction of new real estate can often be taken as an indication that the local McKinney economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in McKinney, where the median household income is $89,964.00.
McKinney real estate is some of the most expensive in Texas, although McKinney house values don't compare to the most expensive real estate in the U.S.
McKinney is a decidedly white-collar city, with fully 87.48% of the workforce employed in white-collar jobs, well above the national average. Overall, McKinney is a city of professionals, sales and office workers, and managers. There are especially a lot of people living in McKinney who work in management occupations (14.23%), sales jobs (13.64%), and office and administrative support (10.86%).
Also of interest is that McKinney has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 8.26% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
McKinney is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, McKinney’s overall crime rate is lower than average for the country.
One downside of living in McKinney, however, is that residents on average have to contend with a long commute, spending on average 30.36 minutes every day commuting to work.
The citizens of McKinney are among the most well-educated in the nation: 45.74% of adults in McKinney have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.
The per capita income in McKinney in 2018 was $38,770, which is wealthy relative to Texas and the nation. This equates to an annual income of $155,080 for a family of four. However, McKinney contains both very wealthy and poor people as well.
McKinney is an extremely ethnically-diverse city. The people who call McKinney home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of McKinney residents report their race to be White, followed by Black or African-American. McKinney also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.93% of the city’s residents. Important ancestries of people in McKinney include German, Irish, English, Italian, and Scottish.
In addition, McKinney has a lot of people living here who were born outside of the US (15.24%).
The most common language spoken in McKinney is English. Other important languages spoken here include Spanish and Langs. of India.