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Economy, jobs and prices in McKinney, Texas: official figures

The median household income in McKinney was $124,215 a year in the 2020-2024 American Community Survey (in 2024 dollars), 85th highest of 823 US cities of 50,000 or more; the US median was $80,734 and the Texas median $78,476.

Median household income
$124,215
2020-2024
Unemployment rate (ACS)
3.7%
2020-2024
Mean travel time to work
27.8 min
2020-2024
Median gross rent (monthly)
$1,901
2020-2024
Median home value (owner-occupied)
$471,800
2020-2024
Homes occupied by their owners
63.8%
2020-2024
Households with a broadband subscription
95.7%
2020-2024

What is the per capita income in McKinney?

Income per resident (per capita income) in McKinney averaged $55,643 a year in 2020-2024, 157th highest of 823 US cities of 50,000 or more (US: $44,673; Texas: $40,752).

Source: U.S. Census Bureau · saved copy

How unequal are incomes in McKinney?

McKinney's Gini index of household income inequality was 0.421 in 2020-2024 (0 means equal incomes, 1 maximum inequality), 205th least unequal of 823 US cities of 50,000 or more; the US figure was 0.483.

Source: U.S. Census Bureau · saved copy

What is the unemployment rate in McKinney, Texas?

3.7% of the civilian labor force in McKinney was unemployed on average over 2020-2024 (4,224 people), 114th lowest of 823 US cities of 50,000 or more; the US rate in the same survey was 5.2% and Texas' 5.3%.

Source: U.S. Census Bureau · saved copy

What share of people in McKinney are working?

71.5% of McKinney's 160,869 residents aged 16 and over were in the labor force (working or looking for work) in 2020-2024, 99th highest of 823 US cities of 50,000 or more (US: 63.5%).

Source: U.S. Census Bureau · saved copy

How many people in McKinney have jobs?

110,746 residents of McKinney held civilian jobs, 68.8% of those aged 16 and over (US: 59.7%), and 39 served in the armed forces.

Source: U.S. Census Bureau · saved copy

What are the main industries in McKinney?

The largest industry group for working residents of McKinney was education, health care and social assistance (21.4% of employed residents), followed by professional, scientific, management and administrative services (17.1%) and finance, insurance and real estate (13.3%), 2020-2024.

Source: U.S. Census Bureau · saved copy

How many people in McKinney work in manufacturing?

Manufacturing employed 9.0% of working residents of McKinney, 408th highest of 823 US cities of 50,000 or more (US: 9.9%); professional, scientific and management services employed 17.1% (US: 12.6%).

Source: U.S. Census Bureau · saved copy

How long is the commute in McKinney, Texas?

Commuters in McKinney took 27.8 minutes on average to get to work in 2020-2024, 232nd longest of 823 US cities of 50,000 or more (US: 26.4 minutes); 8.2% travelled an hour or more and 20.9% less than 15 minutes.

Source: U.S. Census Bureau · saved copy

How do people in McKinney get to work?

24.5% of workers living in McKinney worked from home in 2020-2024, 115th highest of 823 US cities of 50,000 or more (US: 15.1%). 65.4% drove to work alone, 7.0% carpooled, 0.1% used public transport and 0.9% walked.

Source: U.S. Census Bureau · saved copy

What is the average rent in McKinney, Texas?

The median gross rent (rent plus utilities) in McKinney was $1,901 a month in 2020-2024, 212th highest of 823 US cities of 50,000 or more (US: $1,413; Texas: $1,403).

Source: U.S. Census Bureau · saved copy

How much does a house cost in McKinney?

Owner-occupied homes in McKinney had a median value of $471,800 in 2020-2024 as estimated by their owners, 291st highest of 823 US cities of 50,000 or more (US: $332,700; Texas: $283,800).

Source: U.S. Census Bureau · saved copy

How affordable are homes in McKinney?

The median home value in McKinney was 3.8 times the median household income, 266th lowest of 823 US cities of 50,000 or more (US: 4.1 times).

Source: U.S. Census Bureau · saved copy

What share of people in McKinney, Texas own their home?

63.8% of the 74,072 occupied homes in McKinney were lived in by their owners in 2020-2024 and 26,782 were rented, 277th highest of 823 US cities of 50,000 or more for home ownership (US: 65.2%; Texas: 62.6%).

Source: U.S. Census Bureau · saved copy

What share of homes in McKinney have broadband?

95.7% of households in McKinney had a broadband internet subscription of some type in 2020-2024, 132nd highest of 823 US cities of 50,000 or more (US: 91.0%; Texas: 91.4%).

Source: U.S. Census Bureau · saved copy

How many households in McKinney have no internet?

3.4% of households in McKinney (2,534) had no internet access at home in 2020-2024, 247th lowest of 823 US cities of 50,000 or more (US: 6.5%); 6.0% relied on a cellular data plan alone (US: 11.5%).

Source: U.S. Census Bureau · saved copy

How McKinney compares with other cities in the United States

Median household income (2024 dollars) (2020-2024)

McKinney ranks 85 of 823, highest first.

RankCityMedian household income (2024 dollars)
82Elk Grove$125,924
83Woodbury$125,310
84Mount Pleasant$124,755
85McKinney$124,215
86Rocklin$124,168
87Broomfield$123,874
88Seattle$123,860
Source: U.S. Census Bureau · saved copy

Per capita income (2024 dollars) (2020-2024)

McKinney ranks 157 of 823, highest first.

RankCityPer capita income (2024 dollars)
154Allen$55,986
155Brentwood$55,793
156Santa Cruz$55,676
157McKinney$55,643
158Ann Arbor$55,459
159Roseville$55,336
160Tigard$55,273
Source: U.S. Census Bureau · saved copy

Gini index of household income inequality (2020-2024)

McKinney ranks 619 of 823, highest first.

RankCityGini index of household income inequality
616Enid0.421
617Santa Maria0.421
618Chandler0.421
619McKinney0.421
620Chesapeake0.420
621Lewisville0.420
622Gilroy0.420
Source: U.S. Census Bureau · saved copy

Unemployment rate (share of civilian labor force) (2020-2024)

McKinney ranks 710 of 823, highest first.

RankCityUnemployment rate (share of civilian labor force)
707La Crosse3.7%
708Green Bay3.7%
709Smyrna3.7%
710McKinney3.7%
711Westminster3.7%
712Eden Prairie3.6%
713Boise City3.6%
Source: U.S. Census Bureau · saved copy

Labor force participation rate (16 and over) (2020-2024)

McKinney ranks 99 of 823, highest first.

RankCityLabor force participation rate (16 and over)
96Washington71.6%
97Norwalk71.6%
98Overland Park71.5%
99McKinney71.5%
100Plymouth71.5%
101Bolingbrook71.4%
102Hillsboro71.3%
Source: U.S. Census Bureau · saved copy

Mean travel time to work (minutes) (2020-2024)

McKinney ranks 232 of 823, highest first.

RankCityMean travel time to work (minutes)
229Allen28.0
230Skokie27.9
231Lowell27.9
232McKinney27.8
233El Monte27.8
234Schaumburg27.8
235Downers Grove27.8
Source: U.S. Census Bureau · saved copy

Workers who worked from home (2020-2024)

McKinney ranks 115 of 823, highest first.

RankCityWorkers who worked from home
112Jersey City24.7%
113Overland Park24.6%
114Arvada24.5%
115McKinney24.5%
116Lake Forest24.4%
117Lehi24.4%
118Thousand Oaks24.3%
Source: U.S. Census Bureau · saved copy

Workers commuting by public transportation (2020-2024)

McKinney ranks 760 of 823, highest first.

RankCityWorkers commuting by public transportation
757St. Cloud0.1%
758Winter Haven0.1%
759Meridian0.1%
760McKinney0.1%
761Hendersonville0.1%
762Frisco0.1%
763Franklin0.1%
Source: U.S. Census Bureau · saved copy

Employed residents working in manufacturing (2020-2024)

McKinney ranks 408 of 823, highest first.

RankCityEmployed residents working in manufacturing
405Lee's Summit9.0%
406DeSoto9.0%
407Bloomington9.0%
408McKinney9.0%
409Boise City9.0%
410Riverside9.0%
411Mesa9.0%
Source: U.S. Census Bureau · saved copy

Employed residents in education, health care and social assistance (2020-2024)

McKinney ranks 549 of 823, highest first.

RankCityEmployed residents in education, health care and social assistance
546Burbank21.5%
547San Marcos21.4%
548Huntsville21.4%
549McKinney21.4%
550Longview21.4%
551Fountain Valley21.4%
552Independence21.4%
Source: U.S. Census Bureau · saved copy

Median gross rent per month (2020-2024)

McKinney ranks 212 of 823, highest first.

RankCityMedian gross rent per month
209Whittier$1,906
210Chandler$1,902
211Apex$1,902
212McKinney$1,901
213Thornton$1,895
214Tamarac$1,895
215North Port$1,894
Source: U.S. Census Bureau · saved copy

Median value of owner-occupied homes (2020-2024)

McKinney ranks 291 of 823, highest first.

RankCityMedian value of owner-occupied homes
288Missoula$473,100
289Huntersville$472,900
290Orem$472,300
291McKinney$471,800
292Union City$471,600
293Goodyear$471,300
294Palmdale$471,000
Source: U.S. Census Bureau · saved copy

Median home value as a multiple of median household income (2020-2024)

McKinney ranks 555 of 820, highest first.

RankCityMedian home value as a multiple of median household income
552St. Louis Park3.8x
553Clarksville3.8x
554Bentonville3.8x
555McKinney3.8x
556Wheaton3.8x
557Apple Valley3.8x
558Albany3.8x
Source: U.S. Census Bureau · saved copy

Occupied homes lived in by their owners (2020-2024)

McKinney ranks 277 of 823, highest first.

RankCityOccupied homes lived in by their owners
274Chino64.0%
275Deerfield Beach63.9%
276Anchorage63.9%
277McKinney63.8%
278Corona63.8%
279Franklin63.8%
280San Marcos63.7%
Source: U.S. Census Bureau · saved copy

Households with a broadband subscription (2020-2024)

McKinney ranks 132 of 823, highest first.

RankCityHouseholds with a broadband subscription
129Folsom95.8%
130Redmond95.8%
131Vacaville95.7%
132McKinney95.7%
133Madison95.7%
134Clovis95.7%
135Bolingbrook95.7%
Source: U.S. Census Bureau · saved copy

Households with no internet access (2020-2024)

McKinney ranks 577 of 823, highest first.

RankCityHouseholds with no internet access
574Conroe3.5%
575Santa Rosa3.5%
576South San Francisco3.4%
577McKinney3.4%
578Smyrna3.4%
579Simi Valley3.4%
580Ogden3.4%
Source: U.S. Census Bureau · saved copy

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Sources

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