Amarillo, Texas Income Statistics
Amarillo 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.
-
C
Amarillo Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Amarillo | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,083 | $78,939 | $80,455 |
| Median Personal Income | $50,002 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.5% | 4.6% | 4.8% |
| Six-Figure Earners | 9.5% | 13.0% | 13.9% |
| $200k+ Households | 7.5% | 12.5% | 13.2% |
The median household income in Amarillo is about 19% lower than in Texas. Income has been growing slower in Amarillo (3.5%/yr) than in Texas (4.6%/yr).
About 9% of adults in Amarillo earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Amarillo, Texas grew by 55.7% from 2009 to 2024, reaching $64,083 in 2024. That's an average of about 3.5% per year.
Income Inequality and the Gender Pay Gap in Amarillo
| Metric | Amarillo | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.570 | 0.552 |
| Male Median Income | $59,680 | $66,147 | $69,667 |
| Female Median Income | $46,962 | $53,058 | $56,850 |
| Gender Pay Gap | 21.3% | 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 Amarillo, it is 0.554, 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 27% more than women's income in Amarillo, Texas. Over a 35-year career, a 27% wage gap accumulates to roughly $445,130 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Amarillo, Texas has stayed about the same since 2009, at around 21%. Over that period the gap was widest at 24% in 2018, and was narrowest at 17% in 2013. In dollar terms, the gap has widened by $5,171 since 2009.
Employment
| Metric | Amarillo | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 5.2% | 5.2% |
| Working from Home | 6.7% | 14.4% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 3,314 people are unemployed in Amarillo, Texas.
The average commute time in Amarillo is 16 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Amarillo, Texas has fallen from 5.7% to 3.6% in 2024. Over that period the rate peaked at 5.7% in 2013.
Conclusion
Considering all these factors, Amarillo, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Amarillo, Texas.
How Wealthy Is Amarillo, Texas?
Amarillo has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $64,083, about 19% lower than the Texas average of $78,939.
Are incomes growing in Amarillo, Texas?
Between 2009 and 2024, the median household income in Amarillo, Texas rose 56%, from $41,151 to $64,083. Over the same years, income here lagged behind Texas as a whole: +56% against +64%.
What was the median household income in Amarillo in 2023?
In 2023, the median household income in Amarillo, Texas was $60,443, up 2% from $59,013 in 2022. The Texas median that year was $76,528.
What was the median household income in Amarillo in 2020?
In 2020, the median household income in Amarillo, Texas was $52,305. By 2024 it had risen 23% to $64,083.
Is it hard to find a job in Amarillo, Texas?
Unemployment in Amarillo, Texas is only 3.6%, 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 Amarillo, Texas?
The Gini coefficient in Amarillo is 0.554. 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 Amarillo, Texas?
The income gap between men and women in Amarillo, Texas has stayed about the same since 2009, at around 21%. Over that period the gap was widest at 24% in 2018, and was narrowest at 17% in 2013. In dollar terms, the gap has widened by $5,171 since 2009.
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