Addison, Texas Income Statistics
Addison Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
B
Addison Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,551 | $78,939 | $80,455 |
| Median Personal Income | $63,543 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.4% | 4.6% | 4.8% |
| Six-Figure Earners | 16.1% | 13.0% | 13.9% |
| $200k+ Households | 8.6% | 12.5% | 13.2% |
The median household income in Addison is about 8% lower than in Texas. Income has been growing slower in Addison (2.4%/yr) than in Texas (4.6%/yr).
About 16% of adults in Addison earn six figures ($100,000 or more) a year, higher than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Addison, Texas grew by 35.1% from 2009 to 2024, reaching $72,551 in 2024. That's an average of about 2.4% per year.
Income Inequality and the Gender Pay Gap in Addison
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.449 | 0.570 | 0.552 |
| Male Median Income | $70,345 | $66,147 | $69,667 |
| Female Median Income | $62,078 | $53,058 | $56,850 |
| Gender Pay Gap | 11.8% | 19.8% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Addison, it is 0.449, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 13% more than women's income in Addison, Texas. Over a 35-year career, a 13% wage gap accumulates to roughly $289,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Addison, Texas has narrowed from about 14% to 12% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 12% in 2018. In dollar terms, the gap has widened by $1,232 since 2009.
Employment
| Metric | Addison | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 5.2% | 5.2% |
| Working from Home | 24.0% | 14.4% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 439 people are unemployed in Addison, Texas.
The average commute time in Addison is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Addison, Texas has fallen from 5.1% to 2.9% in 2024. Over that period the rate peaked at 5.5% in 2013.
Addison, TX Wealth Compared With Nearby Cities
Addison, TX is the smallest of the 5 cities compared here, 20,794 residents against a local median of 84,356. The measure that sets Addison, TX apart most is income growth: 2.4%/yr, 43% below the local median of 4.2%/yr. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $72,551 against a local median of $107,297, 32% below it. The picture is mixed rather than uniform: unemployment runs ahead of the neighbourhood while income growth runs behind it, so Addison, TX is trading one against the other rather than simply out-performing what surrounds it. The cities themselves spread 4.4%/yr on income growth, so Addison, TX sits at one end of an already wide local range rather than apart from it. Addison, TX has the 4th highest income growth of the 5 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Addison, TX | 20,794 | $72,551 #5/5 | 2.4%/yr #4/5 | 2.9% #2/5 | 0.449 #1/5 |
| Farmers Branch, TX | 29,458 | $88,799 | 4.8%/yr | 1.9% | 0.514 |
| Carrollton, TX | 139,254 | $101,790 | 4.9%/yr | 3.2% | 0.516 |
| University Park, TX | 25,094 | $207,349 | 0.5%/yr | 3.6% | 0.615 |
| Plano, TX | 290,173 | $112,803 | 3.5%/yr | 4.0% | 0.537 |
Conclusion
Considering all these factors, Addison, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Addison, Texas.
How Wealthy Is Addison, Texas?
Addison has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $72,551, about 8% lower than the Texas average of $78,939.
Are incomes growing in Addison, Texas?
Between 2009 and 2024, the median household income in Addison, Texas rose 35%, from $53,698 to $72,551. Over the same years, income here lagged behind Texas as a whole: +35% against +64%.
What was the median household income in Addison in 2023?
In 2023, the median household income in Addison, Texas was $77,946, up 4% from $74,996 in 2022. The Texas median that year was $76,528.
What was the median household income in Addison in 2020?
In 2020, the median household income in Addison, Texas was $71,012. By 2024 it had risen 2% to $72,551.
Is it hard to find a job in Addison, Texas?
Unemployment in Addison, Texas is only 2.9%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Addison, Texas?
The Gini coefficient in Addison is 0.449. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Addison, Texas?
Since 2009, the income gap between men and women in Addison, Texas has narrowed from about 14% to 12% in 2024. Over that period the gap was widest at 24% in 2015, and was narrowest at 12% in 2018. In dollar terms, the gap has widened by $1,232 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →