McKinney is a relatively large city located in the state of Texas. With a population of 207,507 people and 39 associated neighborhoods, McKinney is the 18th 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 $113,286.00.
McKinney home prices are not only among the most expensive in Texas, but McKinney real estate also consistently ranks among the most expensive in America.
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: 18.48% 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.
If knowledge is power, McKinney is a pretty powerful place. 52.25% of the adults in McKinney have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in McKinney in 2022 was $49,773, which is wealthy relative to Texas and the nation. This equates to an annual income of $199,092 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 Asian. McKinney also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 17.21% of the city’s residents. Important ancestries of people in McKinney include German, English, Irish, Italian, and French.
McKinney also has a high percentage of its population that was born in another country: 17.18%.
The most common language spoken in McKinney is English. Other important languages spoken here include Spanish and Langs. of India.