Allen, Texas Income Statistics
Allen 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.
-
A
Allen Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Allen | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $129,041 | $78,939 | $80,455 |
| Median Personal Income | $87,573 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.6% | 4.8% |
| Six-Figure Earners | 25.7% | 13.0% | 13.9% |
| $200k+ Households | 27.6% | 12.5% | 13.2% |
The median household income in Allen is about 63% higher than in Texas. Income has been growing slower in Allen (3.2%/yr) than in Texas (4.6%/yr).
About 26% of adults in Allen 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 Allen, Texas grew by 44.4% from 2009 to 2024, reaching $129,041 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Allen
| Metric | Allen | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.570 | 0.552 |
| Male Median Income | $110,459 | $66,147 | $69,667 |
| Female Median Income | $73,156 | $53,058 | $56,850 |
| Gender Pay Gap | 33.8% | 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 Allen, it is 0.557, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 51% more than women's income in Allen, Texas. Over a 35-year career, a 51% wage gap accumulates to roughly $1,305,605 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Allen, Texas has widened from about 33% to 34% in 2024. Over that period the gap was widest at 39% in 2012, and was narrowest at 31% in 2022. In dollar terms, the gap has widened by $14,111 since 2009.
Employment
| Metric | Allen | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 5.2% | 5.2% |
| Working from Home | 26.8% | 14.4% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 2,129 people are unemployed in Allen, Texas.
The average commute time in Allen is 25 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Allen, Texas has fallen from 5.5% to 3.9% in 2024. Over that period the rate peaked at 5.8% in 2013.
Allen, TX Wealth Compared With Nearby Cities
How Allen, TX compares with the 2 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Allen, TX | 102,687 | $129,041 #1/3 | 3.2%/yr #3/3 | 3.9% #2/3 | 0.557 #3/3 |
| McKinney, TX | 200,953 | $124,745 | 5.0%/yr | 3.5% | 0.542 |
| Plano, TX | 290,173 | $112,803 | 3.5%/yr | 4.0% | 0.537 |
Conclusion
Considering all these factors, Allen, Texas has an overall wealth index grade of A, making it notably better than Texas, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Allen, Texas.
How Wealthy Is Allen, Texas?
Allen has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $129,041, about 63% higher than the Texas average of $78,939.
How has median household income changed in Allen, Texas?
Between 2009 and 2024, the median household income in Allen, Texas rose 44%, from $89,338 to $129,041. Over the same years, income here lagged behind Texas as a whole: +44% against +64%.
What was the median household income in Allen in 2023?
In 2023, the median household income in Allen, Texas was $126,259, up 4% from $121,593 in 2022. The Texas median that year was $76,528.
What was the median household income in Allen in 2020?
In 2020, the median household income in Allen, Texas was $113,754. By 2024 it had risen 13% to $129,041.
Is Allen, Texas a high-income area?
Yes. 26% of adults in Allen, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 28% of households have a combined income of $200,000 or more, compared with 12% in Texas.
Is unemployment high in Allen, Texas?
Unemployment in Allen, Texas is only 3.9%, 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 Allen, Texas?
The Gini coefficient in Allen is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Allen, Texas?
Since 2009, the income gap between men and women in Allen, Texas has widened from about 33% to 34% in 2024. Over that period the gap was widest at 39% in 2012, and was narrowest at 31% in 2022. In dollar terms, the gap has widened by $14,111 since 2009.
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