McKinney, TX
Population 202,314 · Texas
About McKinney, TX
McKinney is a major city located in Texas with a population of 202,314 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,273 per year, which is 60% above the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in McKinney features a median home value of $439,500, which is 79% above the national median of $244,900. This places McKinney in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,841, 58% above the national average of $1,163/month. Of the 74,436 total housing units, 63% are owner-occupied (44,788 units) and 37% are renter-occupied (25,999 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in McKinney shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in McKinney have an average one-way commute time of 27.4 minutes.
Education & Demographics
52.6% of McKinney residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 12.1% White, 1.7% Hispanic or Latino, 0.5% Black or African American, and 3.9% Asian residents, with 18.4% of the population being foreign-born.
How McKinney Ranks in Texas
Cost of Living in McKinney, TX
Compared to national averages, McKinney has a median household income of $120,273 (60% above the national median of $75,149). Home values average $439,500, which is 79% above the national median. Monthly rent at $1,841 is 58% above the US average of $1,163. Within Texas, McKinney's income is 65% above the state average of $72,726, and home values are 108% above the state median of $211,769.
Why Live in McKinney, TX?
McKinney offers a strong local economy with a median household income of $120,273, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 52.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 6.1%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $439,500. However, as a major city, McKinney provides access to a wide range of amenities and services.
McKinney has a population of 202,314 with a median age of 36.7 years. Compare McKinney with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near McKinney
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Amarillo | 200,945 | $62,469 | $186,800 | Compare |
| Grand Prairie | 198,564 | $78,889 | $272,200 | Compare |
| Frisco | 210,238 | $146,158 | $595,400 | Compare |
| Brownsville | 188,023 | $48,675 | $122,400 | Compare |
| Garland | 245,298 | $74,717 | $248,900 | Compare |
| Killeen | 156,144 | $58,339 | $196,000 | Compare |
| Irving | 255,036 | $79,641 | $287,300 | Compare |
| Pasadena | 149,345 | $64,270 | $193,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare McKinney With Other Cities
Frequently Asked Questions about McKinney
What is the population of McKinney, TX?
The population of McKinney, TX is 202,314 according to the latest US Census Bureau American Community Survey estimates. This makes it a major city in Texas.
What is the median household income in McKinney?
The median household income in McKinney, TX is $120,273 per year, which is 60% above the national median of $75,149.
What is the median home value in McKinney?
The median home value in McKinney, TX is $439,500, which is 79% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in McKinney?
The median monthly rent in McKinney, TX is $1,841, which is 58% above the national average of $1,163/month.
What is the unemployment rate in McKinney?
The unemployment rate in McKinney, TX is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is McKinney, TX a good place to live?
McKinney offers above-average incomes, a competitive housing market, and a strong job market. With a population of 202,314 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is McKinney, TX?
52.6% of residents in McKinney aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in McKinney?
Key cost-of-living indicators for McKinney, TX: median home value is $439,500 (79% above national), median rent is $1,841/month, and median household income is $120,273. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in McKinney?
The poverty rate in McKinney, TX is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is McKinney, TX?
McKinney's population is 12.1% White, 1.7% Hispanic or Latino, 0.5% Black or African American, 3.9% Asian, and 12.1% two or more races. 18.4% of residents are foreign-born.