Editing McKinney, Texas (section)

==Economy==
[[File:Independent Bank in Texas.jpg|thumb|Independent Financial Building in 2019 on Henneman Way]]
In its beginning, McKinney heavily relied on agriculture. Unlike most of the American South, McKinney relied on the production of [[Maize|corn]] and [[wheat]] instead of [[cotton]].<ref>{{Cite web |last=Association |first=Texas State Historical |title=Collin County |url=https://www.tshaonline.org/handbook/entries/collin-county |access-date=2025-02-17 |website=Texas State Historical Association |language=en}}</ref> This was due to the lack of railroads and general poor infrastructure in Collin County before the 1870s.<ref name=":3" /> After the railroads arrived in McKinney in 1872, McKinney would experience major growth in the cotton industry with the city becoming a major distributing point for cotton farmers in Collin County. Collin County itself would become the sixth largest cotton producer in the country by 1926.<ref name=":3" /> In 1870, there were only 1 cotton gin in McKinney but by 1876 there were 4 cotton gin in McKinney. The first textile mill in McKinney, the Texas Cotton Mill Company, opened a mill in McKinney in 1910.<ref name=":3" /> After [[World War II]], McKinney would start transitioning from its agricultural based economy to one based on industry and manufacturing.<ref name=":4">{{Cite web |title=McKinney, Texas {{!}} Advisory Council on Historic Preservation |url=https://www.achp.gov/preserve-america/community/mckinney-texas |access-date=2025-02-23 |website=www.achp.gov}}</ref>

The per capita personal income per person has been consistently rising since at least the mid 2010s with per capita personal income rising from $32,849 in 2014 to $46,671 in 2023. The median household income also experienced a similar trend going from $81,118 in 2014 to $98,317 in 2023. As of the 2023 fiscal year, the unemployment rate in McKinney is 3.7%.<ref name="City of McKinney CAFR" />

According to the city's 2024 Comprehensive Annual Financial Report,<ref name="City of McKinney CAFR">{{cite report |url=https://www.mckinneytexas.org/ArchiveCenter/ViewFile/Item/2754 |title=City of McKinney, Texas Comprehensive Annual Financial Report for the Fiscal Year ended September 30, 2024 |date=September 30, 2024 |publisher=City of McKinney, Texas |access-date=March 5, 2025 |type=Audited Report}}</ref> the top 10 employers in the city are:
{| class="wikitable"
|-
! style="background: #005850; color:#fff;" | #
! style="background: #005850; color:#fff;" | Employer
! style="background: #005850; color:#fff;" | # of Employees
|-
| 1
|[[Raytheon|Raytheon Intelligence & Space]]
|4,200
|-
| 2
|[[McKinney Independent School District]]
|2,920
|-
| 3
|[[Collin County]]
|2,000
|-
| 5
|[[Globe Life]]
|1,700
|-
| 4
|Encore Wire Corporation
|1,653
|-
| 7
|City of McKinney
|1,565
|-
| 6
|[[HCA Healthcare|Medical City McKinney Hospital]]
|1,424
|-
| 9
|[[Baylor Scott & White Health|Baylor Scott & White McKinney Hospital]]
|1,171
|-
| 8
|[[Collin College]]
|794
|-
|10
|[[Simpson Strong-Tie]]
|650
|}