The next section examines a variety of different income statistics for the McKinney CDP metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings between $15,000 and $19,999 at 30.3% of the total. Second, it has the largest proportion of earnings between $20,000 and $49,999 at 34.8% of the total and is ranked #1.
Figure 13 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. McKinney CDP shows it has the hightest cost of 97.6 for the cost of transportation aggregate.
McKinney CDP Kentucky Labor Force Charts
The next two charts look at very recent, monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2020, the Covid 19 recession or great recession occurred and affects this metric. . It depicts that from February 2010 to before the disasterous COVID-19 Pandemic the monthly unemployment rate went from 8.5% to 4.1% in February 2020. This represents a decrease in the monthly unemployment rate of 51.8%. Since that time, the monthly unemployment rate has gone to 3.8% This represents a decrease in the monthly unemployment rate of 7.3%.
In Figure 15 the monthly labor force participation which are people actively looking for work are also defined as unemployed but do not include people who have given up looking for work. . It shows that from February 2010 to before the Wuhan Coronavirus Pandemic the monthly labor force participation went from 16,010 to 18,703 in March 2020. This represents an increase in the monthly labor force participation of 16.8%. Since that time, the monthly labor force participation has gone to 18,822 This represents an increase in the monthly labor force participation of very little. Figure 17 shows the labor force participation using the estimated percentage of people either working or actively looking for work. McKinney CDP shows it has a Labor Force Participation of 67.3% which is the highest of all places in the greater McKinney CDP region.
The Components of Employment Status graph in Figure 18 shows the composition of the labor force broken down by employed, unemployed, and not in the labor force (but 16 years of age or older). McKinney CDP has the smallest proportion of unemployed at 32.7% of the total.
The percentage of full-time workers are compared to the number of part-time workers in Figure 19. McKinney CDP shows full time employees about twice as large as the part time employees.
The next employment related data item is shown in Figure 21 which is the percentage of families with only a single earner in the greater McKinney CDP area. McKinney CDP depicts it has a Single Earner Families of 53.5% which is more than all other places in the greater McKinney CDP region.
McKinney CDP Kentucky Poverty Charts
Figure 31 shows the "Gini Index of Income Inequality" with a range from zero (perfect equality) to one (perfect inequality). McKinney CDP shows it has a Gini Index of 19.1% which is the smallest as measured by the gini index of all the other places in the greater region.
McKinney CDP Kentucky Work Commute Charts
Figure 33 shows a more detailed view of how the population commutes to work for (for example to downtown McKinney CDP or elsewhere.) McKinney CDP has the largest proportion of people who drove alone at 100% of the total and is ranked #1.
In Figure 35 is shown a frequency distribution of the time that people leave for work. McKinney CDP has the largest proportion of people who leave for work between 630 am to 7am at 65% of the total and is ranked #1. Second, it has the largest proportion of people who leave for work between 10am to 11am at 35% of the total and is ranked #1.
The next graph in Figure 36 shows the average number of minutes that it takes for people to commute to work. McKinney CDP has the largest proportion of people with commute time between 25 to 29 minutes at 65% of the total and is ranked #1. Second, it has the largest proportion of people with commute time between 45 to 59 minutes at 35% of the total and is ranked #1.
Figure 40 shows the total number of vehicles available for transportation and McKinney CDP has the percentage of 1 vehicle available less than most other places in the greater region at 35% of the total. Second, it has the largest proportion of 2 vehicles available at 65% of the total and is ranked #1.
McKinney CDP Kentucky Jobs Charts
The table in Figure 48, shows McKinney CDP employment data in terms of job categories and salary data.
Cities marked with an asterisk ("*") should resemble a city or town but do not have their own government (i.e. Mayor, City Council, etc.) These places should be recognizable by the local community but their boundaries have no legal status. Technically these include both Census Designated Places (CDP) and Census County Divisions (CCD) which are defined by the Census Bureau along with local authorities. (For more information, see:
Census Designated Place or "CDP")
and Census County Division "CCD".)
For comparison purposes, the US national average and the state average value are provided. Additionally, the "Combined Statistical Area" or CSA is shown that is closest to the city, county, or zip code shown. A CSA is a large grouping of adjacent metropolitan areas that identified by the Census Bureau based on social and economic ties. (See: Combined Statistical Area)
Data sources - Mouse over icon in upper right corner of each chart for information.