Austin, Texas Income Statistics
Austin 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.
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B
Austin Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Austin | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,331 | $78,939 | $80,455 |
| Median Personal Income | $71,052 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.6% | 4.8% |
| Six-Figure Earners | 22.8% | 13.0% | 13.9% |
| $200k+ Households | 19.1% | 12.5% | 13.2% |
The median household income in Austin is about 19% higher than in Texas. Income has been growing faster in Austin (5.6%/yr) than in Texas (4.6%/yr).
About 23% of adults in Austin 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 Austin, Texas grew by 85.0% from 2009 to 2024, reaching $94,331 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Austin
| Metric | Austin | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.570 | 0.552 |
| Male Median Income | $85,301 | $66,147 | $69,667 |
| Female Median Income | $68,386 | $53,058 | $56,850 |
| Gender Pay Gap | 19.8% | 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 Austin, it is 0.517, 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 25% more than women's income in Austin, Texas. Over a 35-year career, a 25% wage gap accumulates to roughly $592,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Austin, Texas has widened from about 9% to 20% in 2024. In dollar terms, the gap has widened by $13,173 since 2009.
Employment
| Metric | Austin | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.2% | 5.2% |
| Working from Home | 30.7% | 14.4% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 27,306 people are unemployed in Austin, Texas.
The average commute time in Austin is 21 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Austin, Texas has fallen from 6.9% to 4.6% in 2024. Over that period the rate peaked at 7.4% in 2013 and fell as low as 3.8% in 2019.
Conclusion
Considering all these factors, Austin, 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 Austin, Texas.
How Wealthy Is Austin, Texas?
Austin 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 $94,331, about 19% higher than the Texas average of $78,939.
How has median household income changed in Austin, Texas?
Between 2009 and 2024, the median household income in Austin, Texas rose 85%, from $50,994 to $94,331. Over the same years, income here outpaced Texas as a whole: +85% against +64%.
What was the median household income in Austin in 2023?
In 2023, the median household income in Austin, Texas was $92,154, up 6% from $87,106 in 2022. The Texas median that year was $76,528.
What was the median household income in Austin in 2020?
In 2020, the median household income in Austin, Texas was $75,828. By 2024 it had risen 24% to $94,331.
How many people earn six figures in Austin, Texas?
Yes. 23% of adults in Austin, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 19% of households have a combined income of $200,000 or more, compared with 12% in Texas.
What is the Gini coefficient in Austin, Texas?
The Gini coefficient in Austin is 0.517. 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 Austin, Texas?
Since 2009, the income gap between men and women in Austin, Texas has widened from about 9% to 20% in 2024. In dollar terms, the gap has widened by $13,173 since 2009.
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