Business

​​​​​ Consider Collin County as the new home for your business. Many already have, ranging from small home enterprises to huge multinational corporations. There's something for every business concern here. See why we are one of the nation's best places for employers and employees:

Our Demographics

Here's a demographic snapshot of the northern most county in the Dallas Metroplex; due to the frequency of Census Bureau updates and estimates between dicennial reports, some of this material is dated:

  • County Seat: McKinney
  • Area: 848 sq. miles of land; 38 sq. miles of water
  • Towns and Cities: 27
  • Population 2010 Census: 782,341
  • Population 2020 Census: 1,072,069
  • Growth since 2010: 37.2%
  • Female-to-Male ratio: 51%-49%
  • Median age: 37.3 years
  • Under 18 years old: 27%
  • Over 65 years of age: 11%
  • Number of housing units, 2019: 390,255
  • Number of households, 2019: 363,599
  • Average Family Size (2019): 3.32
  • Average Number per Household: 2.83
  • Median Household Income (2019): $96,134
  • New residents moving in each day (2019): 80
  • Density: 1,265 people/sq. mile (2020)
  • Paved County Roads: 726 miles
  • Average Taxable Home Value (2020): $374,202
  • County Tax Rate (2020): $0.172531 per $100 assessed value
  • Independent School Districts: 21
  • Special Districts: 2
  • Hospital Districts: None
  • County-level Elected Officials: 40
  • Registered Voters (July 2020): 616,959
  • Voter Turnout (November 2020): 75%

The numbers make Collin County:

  • One of the fastest growing counties in Texas and the U.S.
  • The 6th most populous county in Texas
  • Among counties with more than a half-million people, the highest sustained growth rate since the last Census in 2000.

Current Local Economics

Industry and Occupation

From 2010 to 2019 there were more than 202,000 jobs added in Collin county alone, to the civilian labor force here, a 26% increase that outpaced the county's population growth for the same period. The county's unemployment rate in December 2019 came in at 2.7 percent, almost a full point lower than the state's number for that time period, according to the Texas Workforce Commission. More current rates are available from the BLS or the TWC.

The U.S. Census Bureau's American Community Survey (ACS) for Collin County also shows:

  • For the labor force in 2019 (more than 570,000, a.k.a. the 16 and older crowd):
    • Education services, healthcare and social assistance industries employed almost 20 percent;
    • Professional, scientific, and administrative and waste management services industries made up 16.4 percent;
    • Of the employed population, 84 percent were private wage and salary workers; 10 percent were government workers, and 5.8 percent self-employed.

​Workforce Education

The education level of the county's workforce just about doubles state and U.S. averages for degreed workers:

  • 52.6 percent of those 25 and older had a bachelor's degree or higher, far outpacing the state and national figure that hover between 26 and 28 percent.
  • More than 9 out of 10 workers 25 and older have at least a high school diploma.

Getting to Work

The ACS determined that the average commute to work for a Collin County resident is 28.7​​ minutes. For those less fortunate with their daily commutes, especially those heading to downtown Dallas at the crack of dawn, voters here passed a $235.6 million bond package in November 2007 to widen and improve our roadways, plus regional transportation funds from the Sam Rayburn Tollway generated another $900 million. In November 2018, voters passed a $750 million bond package that earmarked:

  • $600 million for high-speed roadways;
  • $140 million for arterial roadways that feed into the highway system; and,
  • $10 million for open space and parks projects.

For plans far in the future, take a look at Collin County's Outer Loop Project.

Meanwhile, the ACS figures go on to point out that:

  • More than eight out of 10 of county residents drive alone to work, which is higher than state or U.S. percentages;
  • Collin County residents work at home (7.4%) at a much higher rate than the state average; and,
  • County residents' mean morning work commute travel time increased slightly from 2010-2017, and remained a few minutes longer than national or state averages

Paychecks and Such

Collin County residents' paychecks also compare favorably to the rest of the country:
  • County residents' 2017 annual per capita income ($41,609) is more than 25 percent higher than the national rate;
  • Our median family income here in 2017 ($105,954) is about 33 percent higher than the U.S. median;
  • The 2017 county median household income was estimated at $90,124;
  • Less than one percent of county householdss were estimated to have received public cash assistance in 2017; and,
  • An estimated 6.9 percent of individuals here were living below the Federal Poverty Level in 2017.

Housing and Households

Collin County had a 94-percent occupancy rate for the 320,000-plus housing units here:

  • Two-thirds of occupied housing are owner-occupied, with 32 percent rented out;
  • Traditional married-couple families make up 60 percent of total households;
  • The median monthly housing cost for an owner with a mortgage is $1,884 ($725 for owners without a mortgage) and $1,119 a month for the median rent; and,
  • Two thirds of these homes - about 117,000 - were built in 2000 or later

For a comparison between these and local figures on home values, please see the Certified Totals from the Collin Central Appraisal District.

Schools

Total school enrollment for ages 3 and up was estimated at 260,518 in 2017, which breaks down to 32,000 in pre-school and kindergarten, 173,000 in grades 1 through 12, and, more than 54,000 in college or graduate school. For individual school district enrollments please check our ISD links.

For an outside look at Collin County schools, Forbes Magazine ranked as 2nd in the nation for its Best and Worst School Districts for the Buck. Additionally:

One of the biggest improvements to county public education came in early 2010, when Collin College’s Higher Education Center​, at Highway 121 (Rayburn Tollway) and U.S. 75 in McKinney. This new facility offers coursework for four-year degrees and graduate programs (both masters and doctoral) to county residents for the first time.


Businesses That Call Collin County Home

More and more businesses are setting up shop here, for a lot of great reasons. Take a look at some of these companies, and how many people they’re currently employing in Collin County. And maybe soon we can add you to the list.​​

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