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Demographics
Population
Median Income
Racial Distributions
Zip code 75071 in McKinney, Texas, is classified as a "White Majority" community with moderate diversity as of 2022. The area has experienced population growth and economic development over the past decade, with a current population of 68,499 and a median household income of $116,902.
This zip code has transitioned from a "Low Diversity" community to one with "Moderate Diversity" over the past decade. In 2013, 63% of the population identified as white. By 2022, the white majority decreased to 55%, while other racial groups increased, particularly Asian and Hispanic populations.
Key demographic changes include a decline in the white population percentage from 63% in 2013 to 55% in 2022, an increase in the Asian population from 2% to 9%, a slight increase in the Hispanic population from 18% to 19%, and an increase in individuals identifying as two or more races from 1% to 4%. These changes suggest the area is moving towards becoming a "Transitional Community" with increasing diversity.
The demographic shifts have occurred alongside economic growth. The median household income increased from $93,095 in 2013 to $116,902 in 2022, a 25.6% increase over nine years. This growth exceeds inflation and indicates a strong local economy attracting high-skilled, well-paid workers.
The population grew from 39,351 in 2013 to 68,499 in 2022, a 74% increase. This rapid growth likely reflects the area's economic opportunities and quality of life, attracting diverse new residents and potentially contributing to the changing racial demographics.
The demographic changes in this zip code align with trends seen in many suburban areas of major metropolitan regions across the United States. The increasing diversity, particularly the growth in Asian and Hispanic populations, reflects national trends of diversification in suburban communities.
The economic growth in this area is significant, with the median household income higher than the national average of approximately $70,784 in 2021. This suggests that McKinney, specifically this zip code, is an affluent suburb attracting high-income residents from various racial backgrounds.
The population growth rate in this zip code (74% over nine years) significantly exceeds the national average of approximately 1% annually. This high growth rate indicates that this area of McKinney is a desirable location, likely due to its economic opportunities, quality of life, and proximity to the Dallas-Fort Worth metroplex.
Zip code 75071 in McKinney, Texas, represents a growing community transitioning from low to moderate diversity. Its economic growth and increasing population suggest it attracts a diverse range of well-educated, high-income individuals and families. As this transition continues, the community may encounter opportunities and challenges in maintaining economic prosperity while promoting inclusivity and integration among its increasingly diverse population.