Is Collin County affordable for moderate Incomes (Plano, McKinney: apartment, to rent)

[lexuses82]

I make around 45,000 and am single. Can I reasonably afford to live in places like Plano or Frisco if I rent or purchase. Is Collin County one of those areas that is a more socialized mix of incomes and not just dominated by wealthy people.

[bencronin04]

Yes you can live in Plano or Frisco on that income (depending on your other debts), just in a less desirable area. It's not unsafe by any means, it just won't be the pretties places in CoCo.

[stephwin]

Maybe. Right out of college in 2007 I was making the same. I was able to rent a 1 bedroom apartment for about $700 in Frisco and I had a car payment at the time too. I didn't have any student debt or credit card debt. I didn't go out to each much and I definitely didn't travel or spend money extravagantly.

However, that same apartment in Frisco is probably at least $200 more a month now. If you have any other debt it might be a tough stretch.

[bencronin04]

Also, you need to realize that rents are going to continue rising. So with a stagnate income, you would be needing to move after a few years as your rent will go up year to year for the same unit.

[DitsyD]

The east and central parts of Plano have older, smaller homes that are still affordable. The lots often have large trees.

Same with Allen and McKinney.

[J800]

You can DEFINITELY rent a good apartment on that income. I know plenty of People paying $1K for a one bedroom on that income and being fine.

[Cheesesteak Cravings]

McKinney is a great example of "mixed income housing".

Well, except West of 75. That's mostly rich folks.