McKinney, TX (zip code 75071) is an affluent suburb located in Collin County, just 35 miles north of Dallas. The city is home to a variety of high-end businesses and boasts a rich culture and history. The average two-bedroom rent here is $2,090, significantly higher than the national average of $1,430. Likewise, the local grocery cost index stands at 102 compared to the US index of 100. Popular local companies include Raytheon Technologies, IKEA Distribution Services, Encore Wire Corporation and Goen South Real Estate Group among many others.
McKinney (zip 75071) has an unemployment rate of 6.0%. The US average is 6.0%.
McKinney (zip 75071) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 54.8%, which is higher than the US average of 33.5%.
Tax Rates for McKinney (zip 75071)
- The Sales Tax Rate for McKinney (zip 75071) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for McKinney (zip 75071) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for McKinney (zip 75071)
- The average income of a McKinney (zip 75071) resident is $47,167 a year. The US average is $37,638 a year.
- The Median household income of a McKinney (zip 75071) resident is $118,900 a year. The US average is $69,021 a year.