A newly released economic study reveals that Texas’ McKinney National Airport (KTKI) has an economic impact of nearly $300 million annually. The report—produced by InterVistas Consulting for the city—showed a 41% increase from a similar study published in 2018, which at the time determined Dallas-area KTKI had a $212.7 million annual financial impact on the local community.
This latest report found the airport supports more than 1,500 jobs, generating $110 million in salaries paying well above both statewide and national averages. Of the wages for the airport's 420 direct jobs, they averaged $103,400 a year versus the state and national averages of $65,400 and $68,500, respectively.
Visitors arriving through KTKI generate nearly $22 million in local spending and support an additional 400-plus jobs in the hospitality and services sectors.
"McKinney National Airport is one of our city‘s most powerful assets," explained mayor George Fuller. "This study highlights just how critical the airport's growth and development are to McKinney‘s prosperity. By continuing to invest in the airport, we‘re investing in sustainable economic growth, creating jobs, and positioning McKinney as a key destination in North Texas for both businesses and visitors."