Cedar Park, Texas Income Statistics
Cedar Park 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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A
Cedar Park Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $127,972 | $78,939 | $80,455 |
| Median Personal Income | $87,013 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 26.0% | 13.0% | 13.9% |
| $200k+ Households | 26.0% | 12.5% | 13.2% |
The median household income in Cedar Park is about 62% higher than in Texas. Income has been growing faster in Cedar Park (4.8%/yr) than in Texas (4.6%/yr).
About 26% of adults in Cedar Park 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 Cedar Park, Texas grew by 73.8% from 2009 to 2024, reaching $127,972 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Cedar Park
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.570 | 0.552 |
| Male Median Income | $106,483 | $66,147 | $69,667 |
| Female Median Income | $74,218 | $53,058 | $56,850 |
| Gender Pay Gap | 30.3% | 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 Cedar Park, it is 0.530, 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 43% more than women's income in Cedar Park, Texas. Over a 35-year career, a 43% wage gap accumulates to roughly $1,129,275 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cedar Park, Texas has narrowed from about 31% to 30% in 2024. Over that period the gap was widest at 35% in 2020, and was narrowest at 27% in 2018. In dollar terms, the gap has widened by $15,262 since 2009.
Employment
| Metric | Cedar Park | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.2% | 5.2% |
| Working from Home | 29.6% | 14.4% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 2,205 people are unemployed in Cedar Park, Texas.
The average commute time in Cedar Park is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cedar Park, Texas has fallen from 6.7% to 4.9% in 2024. Over that period the rate peaked at 7.4% in 2012 and fell as low as 3.4% in 2018.
Cedar Park, TX Wealth Compared With Nearby Cities
How Cedar Park, 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. |
|---|---|---|---|---|---|
| Cedar Park, TX | 81,174 | $127,972 #3/3 | 4.8%/yr #2/3 | 4.9% #3/3 | 0.530 #3/3 |
| Leander, TX | 68,545 | $137,481 | 6.9%/yr | 3.4% | 0.518 |
| Brushy Creek, TX | 20,558 | $142,900 | 3.7%/yr | 2.7% | 0.508 |
Conclusion
Considering all these factors, Cedar Park, 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 Cedar Park, Texas.
How Rich Is Cedar Park, Texas?
Cedar Park 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 $127,972, about 62% higher than the Texas average of $78,939.
How has median household income changed in Cedar Park, Texas?
Between 2009 and 2024, the median household income in Cedar Park, Texas rose 74%, from $73,648 to $127,972. Over the same years, income here outpaced Texas as a whole: +74% against +64%.
What was the median household income in Cedar Park in 2023?
In 2023, the median household income in Cedar Park, Texas was $122,916, up 5% from $117,492 in 2022. The Texas median that year was $76,528.
What was the median household income in Cedar Park in 2020?
In 2020, the median household income in Cedar Park, Texas was $109,850. By 2024 it had risen 16% to $127,972.
Is Cedar Park, Texas a high-income area?
Yes. 26% of adults in Cedar Park, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 26% of households have a combined income of $200,000 or more, compared with 12% in Texas.
What is the Gini coefficient in Cedar Park, Texas?
The Gini coefficient in Cedar Park is 0.530. 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 Cedar Park, Texas?
Since 2009, the income gap between men and women in Cedar Park, Texas has narrowed from about 31% to 30% in 2024. Over that period the gap was widest at 35% in 2020, and was narrowest at 27% in 2018. In dollar terms, the gap has widened by $15,262 since 2009.
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