Addison, Texas is a small city with a population of approximately 15,000. Young professionals will fit right in, as they make up an above-average 33% of the community, while retirees are less well-represented. Home ownership is less common than renting in the area, and 19% of residents own their homes despite an average rent of $1,295 a month, substantially higher than the state average of $1,029.
Addison residents have a wide range of industries from which to choose, the most common five of which are scientific, retail, healthcare, finance, and entertainment. Combined, these industries make up 43% of the labor force in the city. Meanwhile, in terms of job function, 18% of residents work in management, which ranks as the top field in the city. Addison workers earn an average annual income of almost $86,000, around $13,000 more than their peers elsewhere in Texas. The city's average income also compares favorably to the national average of $73,345. Addison has a high percentage of residents over the age of 25 with advanced degrees compared to the national average (7%), as 13% have earned a Master's degree or a Doctoral degree. In addition, 29% possess a Bachelor's degree, which also outpaces the national average.
Addison has an average commute time of about 24 minutes. Driving a vehicle is the most common means of commuting to work, opted for by 63% of commuters, while public transit isn't used widely. Relatively few commuters (2%) walk to work, though the number is greater than the national average.