5 Reasons Dallas Residents Are Moving to Collin County

North Texas is booming. But as time goes on, the population growth in North Texas is not attributable to Dallas.

According to the last US CensusDallas experienced a population decline of nearly 5,000 fewer residents from 2020 to 2023. Last year, over 34,000 residents moved elsewhere, making it the 8th county nationwide with the highest net negative inward migration. important.

But most of these residents aren't moving out of state—they're moving counties. By 2060, Collin County is is expected to double the number of inhabitants. According to Texas Demographic Center Projectionsas of 2020, Anna experienced a 52% increase, Celina 97%, Melissa 51%, Princeton 55%, and Van Alstyne 51%. The data showed that by 2060, Collin County will be his home 2,438,008 peopleagainst 1,168,395 expected by the end of 2024.

Here are some reasons why people move:

Family comes first

As Dallas' young professionals grow up, settling down with their families has become a priority. Schools, neighborhoods and safety are just a few of the things parents look for when considering where to raise a family — and some suburbs stand out.

In a report published by Nichethirty Texas suburbs have emerged as top residential destinations, six of which are in Collin County. Frisco, for example, has a median household income of $144,567 and features top-tier schools such as Liberty High School, ranked #1 in Collin County. And Plano, home to 284,948 people and a median household income of $105,679, shines with diverse amenities and exceptional schools like Plano East Senior High School, ranked #2 in Collin County.

Public transport is declining

If Dallas' population trends continue, the city could lose one of its eight seats on the 15-member Dallas Area Rapid Transit board, according to Dallas Morning News. It could also mean losing the simple majority needed to push through its transit-related initiatives. The prospect of reduced voting power could hamper Dallas' efforts to advocate for projects within the 13-city transit network, especially if other member cities perceive little benefit from the initiatives. “If Dallas wants to keep its seats at the table, it's going to have to reverse that trend, and fast.” Magazine D wrote about the DART seat changes.

As people move to the suburbs, the need for transportation comes with it — and DART is already beginning to change. DART's $1.899 billion The Silver Line Projectonce completed, it will stretch from DFW Airport to Shiloh Road in Plano, passing through seven cities: Grapevine, Coppell, Dallas, Carrollton, Addison, Richardson and Plano. Plano will gain two additional stations as part of this new Silver Line, one at Shiloh Road and the other at 12th Street.

Businesses are moving

Today, the 24th Fortune 500 companies are headquartered in Dallas-Fort Worth. But most of them aren't in Dallas — they're choosing cities like Plano, Frisco, Irving and McKinney. As companies such as Toyota, Atmos Energy, Cinemark and Globe Life expand their presence, corporate prospects extend beyond Dallas. Now, more individuals have the option of choosing to move to smaller suburban areas, especially those that are more family-friendly.

Expenses are adding up

Dallas is expensive. This may be obvious, but as mentioned before, businesses and transportation are moving, but rent is not getting any cheaper. According to RentCafeDallas costs an average of $1,575 to rent 849 square feet, and let's be honest — that's a generous estimate.

RentCafe reported that 59% of occupied housing in Dallas is for rent. But one-, two-, and three-bedroom rentals continue to rise in price year after year, and about 79% of properties in Dallas-Fort Worth are cheaper to rent than to buy.

Investing in the Future

Cities in Collin County are showing their commitment not only to providing high-quality amenities, but also to high-quality developments and investments for the future.

In Frisco, for example, the addition of PGA and future Development of fields are proof of what the city is willing to offer its residents. In Plano, Legacy West is a one-stop shop for everything a resident could want. And soon, coming to McKinney, a 20,000 seats AMPHITHEATER promises to bring famous artists and an influx of cash from visitors to the county.

North Texas cities like these have become a model not only for what people look for when they move, but also for what other cities aspire to be.

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