Collin County, Texas Income Statistics
Collin County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
A
Collin County Above averageAmong the top 3 wealthiest counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Collin County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $121,672 | $78,939 | $80,455 |
| Median Personal Income | $81,635 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 24.5% | 13.0% | 13.9% |
| $200k+ Households | 25.5% | 12.5% | 13.2% |
The median household income in Collin County is about 54% higher than in Texas. Income has been growing slower in Collin County (4.3%/yr) than in Texas (4.6%/yr).
About 24% of adults in Collin County 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 Collin County, Texas grew by 49.5% from 2009 to 2024, reaching $121,672 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Collin County
| Metric | Collin County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.570 | 0.552 |
| Male Median Income | $101,405 | $66,147 | $69,667 |
| Female Median Income | $70,639 | $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 Collin County, it is 0.545, 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 44% more than women's income in Collin County, Texas. Over a 35-year career, a 44% wage gap accumulates to roughly $1,076,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Collin County, Texas has narrowed from about 32% to 30% in 2024. Over that period the gap was widest at 33% in 2020, and was narrowest at 28% in 2016. In dollar terms, the gap has widened by $9,761 since 2009.
Employment
| Metric | Collin County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.2% | 5.2% |
| Working from Home | 27.5% | 14.4% | 15.0% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 26,773 people are unemployed in Collin County, Texas.
The average commute time in Collin County is 26 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Collin County, Texas has fallen from 5.4% to 4.2% in 2024. Over that period the rate peaked at 5.7% in 2013 and fell as low as 3.7% in 2019.
Collin County, TX Wealth Compared With Nearby Counties
Collin County, TX is the 2nd largest of the 6 counties compared here, 1,163,170 residents against a local median of 143,336. The measure that sets Collin County, TX apart most is median household income: $121,672, 58% above the local median of $76,775. That is the better end of the local range on this measure.
The counties themselves spread $55,238 on median household income, so Collin County, TX sits at one end of an already wide local range rather than apart from it. Collin County, TX has the 2nd highest median household income of the 6 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. |
|---|---|---|---|---|---|
| Collin County, TX | 1,163,170 | $121,672 #2/6 | 4.3%/yr #6/6 | 4.2% #3/6 | 0.545 #4/6 |
| Rockwall County, TX | 123,617 | $127,304 | 4.7%/yr | 4.3% | 0.528 |
| Grayson County, TX | 143,336 | $72,206 | 4.7%/yr | 3.1% | 0.537 |
| Dallas County, TX | 2,620,115 | $76,775 | 5.0%/yr | 5.0% | 0.557 |
| Hunt County, TX | 108,970 | $72,066 | 5.9%/yr | 5.9% | 0.560 |
| Denton County, TX | 979,063 | $112,041 | 4.8%/yr | 4.0% | 0.535 |
Conclusion
Considering all these factors, Collin County, 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 Collin County, Texas.
How Rich Is Collin County, Texas?
Collin County 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 $121,672, about 54% higher than the Texas average of $78,939.
Are incomes growing in Collin County, Texas?
Between 2009 and 2024, the median household income in Collin County, Texas rose 49%, from $81,411 to $121,672. Over the same years, income here lagged behind Texas as a whole: +49% against +64%.
What was the median household income in Collin County in 2023?
In 2023, the median household income in Collin County, Texas was $117,420, up 4% from $112,889 in 2022. The Texas median that year was $76,528.
What was the median household income in Collin County in 2020?
In 2020, the median household income in Collin County, Texas was $100,654. By 2024 it had risen 21% to $121,672.
Do many residents of Collin County, Texas earn over $100,000?
Yes. 24% of adults in Collin County, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 25% of households have a combined income of $200,000 or more, compared with 12% in Texas.
How strong is the job market in Collin County, Texas?
Unemployment in Collin County, Texas is only 4.2%, 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 Collin County, Texas?
The Gini coefficient in Collin County is 0.545. 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 Collin County, Texas?
Since 2009, the income gap between men and women in Collin County, Texas has narrowed from about 32% to 30% in 2024. Over that period the gap was widest at 33% in 2020, and was narrowest at 28% in 2016. In dollar terms, the gap has widened by $9,761 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 →