Whether you struggle through the interviewing process or you have no problem landing a job with great pay and benefits, searching for a job can be tedious if you don’t know where to look and what to consider. When searching for homes for sale in McKinney, TX, here’s what to watch when you start exploring the jobs in the city.
1. Growth in McKinney
The increase in population has brought a lot of business to the area. Bigger businesses that deal with industries like technology, aviation, manufacturing, and construction, have settled into the area, providing thousands of job opportunities. Also, an increase in the general population helps smaller businesses like restaurants and shops to thrive, creating a stable economy and diverse workforce.
2. The city’s pro-business focus
The pro-business focus also values the necessity of change to best keep up with the community’s needs. That’s why MEDC has rebranded itself to better help the businesses it serves. This rebranding helps to attract certain industries that would best benefit the city. It also keeps in mind how to help the existing businesses in the area grow and thrive. These efforts are reflected in the job opportunities that become available to the city’s residents. For example, the expansion of the advanced manufacturing facility for Raytheon is projected to create 500 jobs for city residents.
3. The industries that are on top
There are several different industries that are currently thriving in McKinney. The most common industries as of 2019 are Healthcare and Social Assistance (12.1% of the workforce), Retail Trade (11.8% of the workforce), and Professional, Scientific, and Technical Services (10.4% of the workforce). Between 2018 and 2019, the employment rate in the city increased by 5.74 percent.
The most specialized industries in the area are Finance and Insurance, Management of Companies and Enterprises, and Information. All of these industries have higher percentages of employment, compared to other areas. However, the highest paying industries in McKinney are Management of Companies and Enterprises; Professional, Scientific, and Technical Services; and Mining, Quarrying, and Oil and Gas Extraction. These are good industries to keep in mind when searching for a job around houses for sale in McKinney, TX.
4. The types of occupations that are popular
The most specialized occupations in the area are Computer and Mathematical Occupations, Architecture and Engineering Occupations, and Business and Financial Operations Occupations. All three of these job types have a popularity that isn’t typical in comparison to other areas. The highest paying jobs in McKinney are positions in Management Occupations, Computer and Mathematical Occupations, and Architecture and Engineering Occupations.
5. What McKinney’s economy looks like
McKinney’s economy is currently on the rise, and the job market has increased by 3.3% within the last year. The projected job growth over the next decade is estimated to be higher than the U.S. average, at 54.8%. With unemployment at the same rate as the country's average, the increase in job growth is great news for people looking for jobs in the area.
Real estate in McKinney has appreciated 3.9% over the past decade and has increased by 21.7% in the last year, which is good news for those looking to sell their homes. People buying houses for sale in McKinney, TX can enjoy the opportunities for entertainment, arts and culture, as well as its varied economy. Although the summers in the area may not be ideal, it still is a great place to live during the fall and spring months.