Living in McKinney, Texas
Cost of living, income, home prices, rent and demographics of McKinney · Census data 2020–2024
McKinney has 210,600 residents with a median age of 36.9. The median household income is $124,215 (58% higher than the Texas median), the median home value is $471,800, the median rent is $1,901/month.
McKinney at a glance
- Population
- 210,600
- Median age
- 36.9State: 35.6
- Median household income
- $124,215State: $78,476
- Median home value
- $471,800State: $283,800
- Median rent
- $1,901/moState: $1,403
- Homeowners
- 63.8%
- Bachelor's degree or higher
- 54.1%
- Average commute
- 28 min
Is McKinney a good place to live?
Pros: Median household income 58% higher than the Texas median; unemployment of 3.7%; a poverty rate of 5.7%.
Cons: Home values 66% higher than the state median; an average commute of 28 minutes.
The weather is best in March to May and October.
Cost of living in McKinney
Housing is the biggest part of the cost of living. In McKinney the median home value is $471,800, 42% higher than the U.S. median. Renters pay a median of $1,901 per month, which is 29.4% of household income. Homeowners with a mortgage pay $2,763 a month in housing costs.
McKinney median household income
The median household income in McKinney is $124,215 and the income per person is $55,643. 5.7% of residents live below the poverty line (Texas: 13.8%).
Housing in McKinney: homes for sale and rent
- Housing units
- 77,617
- Owner-occupied
- 63.8%
- Renter-occupied
- 36.2%
- Vacant
- 4.6%Includes seasonal homes
- Median year built
- 2007
- Average household size
- 2.82
McKinney demographics
- Population
- 210,600
- Median age
- 36.9
- Under 18
- 26.2%
- 65 and older
- 10.3%
- Households
- 74,072
- Foreign-born
- 19.5%
- Veterans
- 5%Adults 18+
Hispanic or Latino can be of any race. Population history of McKinney ›
Education in McKinney
54.1% of adults 25 and older in McKinney have a bachelor's degree or higher (Texas: 33.8%), and 20.3% have a graduate or professional degree.
Jobs and commute in McKinney
- Unemployment rate
- 3.7%State: 5.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 24.5%
- Drive alone
- 65.4%
- Public transit
- 0.1%
- Walk to work
- 0.9%
- Homes with broadband
- 95.7%
McKinney vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| McKinney | 210,600 | $124,215 | $471,800 | $1,901 |
| Fairview | 10,783 | $109,347 | $597,300 | $1,947 |
| New Hope | 680 | $64,306 | $422,800 | $1,827 |
| Allen | 110,265 | $130,901 | $464,100 | $1,932 |
| Lowry Crossing | 1,433 | $116,875 | $396,900 | $1,208 |
| Lucas | 8,351 | $221,364 | $941,900 | — |
| Melissa | 20,136 | $138,763 | $454,000 | $2,532 |
| Prosper | 37,869 | $195,281 | $823,700 | $2,176 |
| Weston | 284 | $143,750 | $505,700 | — |
More for people moving to McKinney
McKinney ZIP code ›Weather and climate ›Living in McKinney: FAQ
What is the median household income in McKinney, TX?
The median household income in McKinney is $124,215, 58% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in McKinney?
The median home value in McKinney is $471,800, compared with $283,800 in Texas.
How much is rent in McKinney?
The median gross rent in McKinney is $1,901 per month, about 29.4% of household income.
Is McKinney, TX a good place to live?
Pluses: median household income 58% higher than the Texas median; unemployment of 3.7%; a poverty rate of 5.7%. Minuses: home values 66% higher than the state median; an average commute of 28 minutes.
What is the median age in McKinney?
The median age in McKinney is 36.9 years (Texas: 35.6).
How long is the commute in McKinney?
The average commute to work in McKinney is 28 minutes; 24.5% of workers work from home.
What is the unemployment rate in McKinney?
The unemployment rate in McKinney is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is McKinney?
54.1% of adults in McKinney have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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