McKinney, TX
MCKINNEY, TEXAS: Demographic and Financial Snapshot
(Last updated on 1.6.21)
AGE IN MCKINNEY, TEXAS
| Age Range | Population | Percent |
| 20 to 24 years | 10,320 | 5.2% |
| 25 to 29 years | 11,243 | 5.6% |
| 30 to 34 years | 10,897 | 5.5% |
| 35 to 39 years | 18,020 | 9.0% |
| 40 to 44 years | 16,402 | 8.2% |
| 45 to 49 years | 15,606 | 7.8% |
| 50 to 54 years | 14,532 | 7.3% |
| 55 to 59 years | 9,841 | 4.9% |
| 60 to 64 years | 8,809 | 4.4% |
| 65 to 69 years | 7,787 | 3.9% |
| 70 to 74 years | 5,624 | 2.8% |
| 75 to 79 years | 4,018 | 2.0% |
| 80 to 84 years | 2,832 | 1.4% |
| 85+ years | 2,385 | 1.2% |
The median age in McKinney is 37.2 years
Source: US Census Data; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Age
ETHNICITY IN MCKINNEY, TEXAS
| Ethnicity | Population | Percent |
| White | 132,370 | 76.3% |
| Black or African American | 20,049 | 11.6% |
| American Indian and Alaska Native | 826 | 0.5% |
| Asian | 11,646 | 6.7% |
| Native Hawaiian and Other Pacific Islander | 72 | 0.0% |
| Other | 3,532 | 2.0% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race
EDUCATION IN MCKINNEY, TEXAS
| Education Level | Population | Percent |
| Less than 9th grade | 5,144 | 4.7% |
| 9th to 12th grade, no diploma | 3,501 | 3.2% |
| High school graduate (includes GED) | 16,662 | 15.2% |
| Some college, no degree | 23,795 | 21.7% |
| Associate’s degree | 10,307 | 9.4% |
| Bachelor’s degree | 33,908 | 31.0% |
| Graduate or professional degree | 16,173 | 14.8% |
| High school graduate or higher | 100,845 | 92.1% |
| Bachelor’s degree or higher | 50,081 | 45.7% |
| Less than Bachelor’s degree | 59,409 | 54.3% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Education (population 25+ years)
HOUSEHOLD INCOME IN MCKINNEY, TEXAS
| Annual Household Income | Percent |
| Less than $10,000 | 3.5% |
| $10,000 to $14,999 | 1.9% |
| $15,000 to $24,999 | 5.0% |
| $25,000 to $34,999 | 5.4% |
| $35,000 to $49,999 | 10.2% |
| $50,000 to $74,999 | 15.4% |
| $75,000 to $99,999 | 14.5% |
| $100,000 to $149,999 | 20.7% |
| $150,000 to $199,999 | 12.3% |
| $200,000 or more | 11.2% |
Median household income: $89,964
Mean household income: $110,051
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Household Income
HOUSEHOLD INCOME BY EDUCATION IN MCKINNEY, TEXAS
| Education Level | Average Income |
| Less than high school graduate | $23,268 |
| High school graduate (includes GED) | $34,645 |
| Some college or Associate’s degree | $47,542 |
| Bachelor’s degree | $71,264 |
| Graduate or professional degree | $83,125 |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Median earnings in past 12 months by education (population 25+ years with earnings)
MARITAL STATUS IN MCKINNEY, TEXAS
| Population | Percent | |
| Population 15+ years | 134,819 | NA |
| Never married | 33,959 | 25.2% |
| Now married (except separated) | 80,640 | 59.8% |
| Separated | 1,622 | 1.2% |
| Widowed | 5,976 | 4.4% |
| Divorced | 12,622 | 9.4% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Marital Status for population 15 years and over
POVERTY STATUS IN MCKINNEY, TEXAS
| Population | Percent | |
| Living beneath poverty line | 15,053 | 7.7% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Poverty Rate
HOUSING IN MCKINNEY, TEXAS
| Owner-occupied housing units | 39,620 |
| Renter-occupied housing units | 19,960 |
| Single-family detached units | 45,889 |
| Homeownership rate | 66.5% |
| Vacancy rate | 4.8% |
| Renters rate | 33.5% |
| Average housing value | $298,629 |
| Average monthly owner cost (with mortgage) | $1,698 |
| Average rent | $1,231 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Housing Characteristics
SOCIOECONOMIC CHARACTERISTICS IN MCKINNEY, TEXAS
| Average income | $110,051 |
| Average household size | 2.89 |
| Percent population 16 years and over in labor force | 70.2% |
| Percent disabled | 7.0% |
| Percent with health coverage | 89.5% |
| Average travel time to work (in minutes) | 29.4 |
| Percent workers using public transportation | 0.4% |
| Percent veterans | 7.3% |
| Percent foreign born | 15.2% |
| Percent speaking Spanish at home | 5.0% |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Socioeconomic Characteristics
CONSUMER SPENDING IN MCKINNEY, TEXAS
| Total consumer expenditures per household | $98,406.58 |
| Alcoholic beverages | $774.11 |
| Alcoholic beverages consumed at home | $468.64 |
| Beer consumed away from home | $130.58 |
| Wine consumed away from home | $66.75 |
| Apparel & services | $2,919.30 |
| Men’s apparel | $553.38 |
| Women’s apparel | $943.22 |
| Children’s apparel | $492.32 |
| Boys’ apparel | $164.49 |
| Girls’ apparel | $186.22 |
| Footwear | $648.19 |
| Dining out (food away from home) | $5,015.34 |
| Dining out – Breakfast | $495.44 |
| Dining out – Lunch | $1,589.58 |
| Dining out – Dinner | $2,320.65 |
| Education | $2,051.43 |
| Entertainment / recreation | $4,277.91 |
| Club membership fees | $321.24 |
| Dating services | $0.81 |
| Pet food | $321.60 |
| Pet services | $96.89 |
| Food consumed at home | $6,677.72 |
| Bakery products consumed at home | $877.12 |
| Dairy products consumed at home | $681.20 |
| Fruits and vegetables consumed at home | $1,323.08 |
| Meat, poultry, fish, eggs consumed at home | $1,464.55 |
| Nonalcoholic beverages consumed at home | $636.28 |
| Snacks / other food products consumed at home | $2,331.77 |
| Health care | $7,508.87 |
| Medical services | $1,469.89 |
| Nonprescription drugs | $180.21 |
| Household Services | $2,820.11 |
| Care for the elderly and handicapped | $73.27 |
| Lawn and garden services | $605.44 |
| Housekeeping services | $273.02 |
| PC repair | $8.56 |
| Housing | $30,223.81 |
| Home improvements | $3,751.41 |
| Utilities, fuel, and public services | $6,176.88 |
| Phone services | $2,251.72 |
| Water | $1,026.73 |
| Life and other insurance | $575.25 |
| Pensions and social security | $11,313.15 |
| Personal care products and services | $1,234.82 |
| Hair care products | $144.33 |
| Personal care products | $548.68 |
| Local transportation | $11,191.99 |
| Gasoline | $2,906.28 |
| Vehicle maintenance and repair | $1,488.08 |
| Travel | $3,044.78 |
| Airline fares | $753.73 |
| Auto / truck rental on trips | $36.83 |
| Lodging on trips | $821.51 |
| Food and drink on trips | $731.32 |
| Entertainment on trips | $265.94 |
Source: US Census; https://cbb.census.gov/rae/#
Survey/Program: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point: Consumer Spending (Consumer expenditures per household)
DEBT IN COLLIN COUNTY (home to MCKINNEY, TEXAS)
| % with any debt in collections | 28% |
| Average debt in collections | $1,710 |
| % with medical debt in collections | 18% |
| Average medical debt in collections | $795 |
| % with student loan debt | 16% |
| Average student loan debt | $20,677 |
| Average monthly student loan payment | $201 |
| % with auto debt | 36% |
Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point: Consumer Debt
UNEMPLOYMENT IN MCKINNEY, TEXAS
| Year | Population | Percent |
| January 2019 | 3,553 | 3.5% |
| February 2019 | 3,329 | 3.3% |
| March 2019 | 3,515 | 3.5% |
| April 2019 | 2,725 | 2.7% |
| May 2019 | 2,796 | 2.8% |
| June 2019 | 3,603 | 3.5% |
| July 2019 | 3,758 | 3.6% |
| August 2019 | 3,384 | 3.3% |
| September 2019 | 3,144 | 3.0% |
| October 2019 | 3,058 | 3.0% |
| November 2019 | 3,043 | 2.9% |
| December 2019 | 2,858 | 2.7% |
| January 2020 | 3,293 | 3.2% |
| February 2020 | 3,217 | 3.1% |
| March 2020 | 5,049 | 4.9% |
| April 2020 | 12,631 | 13.1% |
| May 2020 | 12,041 | 12.1% |
| June 2020 | 7,992 | 7.8% |
| July 2020 | 7,162 | 7.0% |
| August 2020 | 5,990 | 5.7% |
| September 2020 | 6,742 | 6.5% |
| October 2020 | 5,401 | 5.2% |
Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program: Local Area Employment Statistics
Data Point: Unemployment totals (not seasonally adjusted)
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