McKinney, Texas is a fast-growing city that regularly gets awards for its vibrant communities, excellent education, and stellar quality of life. In 2014, it was listed among NerdWallet's Best Cities for Homeownership. It's been featured multiple times on Money Magazine's list of the Best Places to Live in America. The population of 131,882 residents has grown 139 percent since 2000.
Though McKinney homes are highly sought after, the cost of living is only 11 percent higher than the national average. Groceries are actually four percent lower than average. The most expensive part of living in McKinney is housing. Housing is about 36 percent more expensive than the average for the United States. The Median home cost is $231,000, and a two bedroom home or apartment rents for $913.
McKinney Job Opportunities
McKinney's top private employer is Raytheon, an electronic systems company. Raytheon provides 3,300 McKinney jobs. Torchmark/United American Insurance and Encore Wire, a manufacturer of copper/aluminum wire, each have over 1,000 employees. Healthcare is a major industry in McKinney, as well, with the Medical Center of McKinney and Baylor Medical Center of McKinney filling out the city's top five private employers.
Manufacturing in McKinney covers a vast array of products including window blinds, truck hubs and axles, commercial and industrial fasteners, gas regulators and frozen foods. Some of the highest-paying McKinney jobs include mechanic, CNC machinist, maintenance tech, forklift operator and tractor/trailer driver. Tech jobs in McKinney, TX are a lucrative choice as well with entry level computer support specialists and database administrators starting around $21 an hour. Sales, office, and administrative support jobs account for over a quarter of all McKinney, TX jobs.
McKinney Employment Trends
The unemployment rate in McKinney is 4.4 percent, putting it nearly 2 percent below the national average. Recent job growth is more than double the national average at 3.43 percent. Future job growth is projected at 42.5 percent. In this rapidly expanding city, the average household income is $81,894. Over 38 percent of households in McKinney have an income over $100,000.
Jobs in McKinney present many diverse options, from education or government to financial services or manufacturing. According to employee reviews, the best companies to work for are Liberty National Life, Compass Professional Health Services, and the McKinney Independent School District. If McKinney doesn't have your ideal job, you can also explore nearby cities like Allen or Frisco, within a half-hour commute.