Copperas Cove, Texas Income Statistics
Copperas Cove 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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D
Copperas Cove Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,212 | $78,939 | $80,455 |
| Median Personal Income | $46,387 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.6% | 4.8% |
| Six-Figure Earners | 7.4% | 13.0% | 13.9% |
| $200k+ Households | 4.4% | 12.5% | 13.2% |
The median household income in Copperas Cove is about 19% lower than in Texas. Income has been growing slower in Copperas Cove (3.6%/yr) than in Texas (4.6%/yr).
About 7% of adults in Copperas Cove 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 Copperas Cove, Texas grew by 39.9% from 2009 to 2024, reaching $64,212 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Copperas Cove
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.570 | 0.552 |
| Male Median Income | $58,632 | $66,147 | $69,667 |
| Female Median Income | $41,196 | $53,058 | $56,850 |
| Gender Pay Gap | 29.7% | 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 Copperas Cove, it is 0.529, 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 42% more than women's income in Copperas Cove, Texas. Over a 35-year career, a 42% wage gap accumulates to roughly $610,260 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Copperas Cove, Texas has widened from about 22% to 30% in 2024. Over that period the gap was narrowest at 12% in 2017. In dollar terms, the gap has widened by $8,738 since 2009.
Employment
| Metric | Copperas Cove | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 5.2% | 5.2% |
| Working from Home | 11.2% | 14.4% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 955 people are unemployed in Copperas Cove, Texas.
The average commute time in Copperas Cove is 21 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Copperas Cove, Texas has fallen from 11.0% to 7.0% in 2024. Over that period the rate peaked at 11.3% in 2014 and fell as low as 5.5% in 2021.
Copperas Cove, TX Wealth Compared With Nearby Cities
How Copperas Cove, 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. |
|---|---|---|---|---|---|
| Copperas Cove, TX | 28,341 | $64,212 #1/3 | 3.6%/yr #2/3 | 7.0% #2/3 | 0.529 #3/3 |
| Fort Hood, TX | 23,244 | $61,637 | 5.0%/yr | 4.7% | 0.485 |
| Killeen, TX | 148,206 | $60,625 | 3.2%/yr | 8.4% | 0.526 |
Conclusion
Considering all these factors, Copperas Cove, Texas has an overall wealth index grade of D, making it somewhat worse than Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Copperas Cove, Texas.
How Rich Is Copperas Cove, Texas?
Copperas Cove has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $64,212, about 19% lower than the Texas average of $78,939.
Are incomes growing in Copperas Cove, Texas?
Between 2009 and 2024, the median household income in Copperas Cove, Texas rose 40%, from $45,909 to $64,212. Over the same years, income here lagged behind Texas as a whole: +40% against +64%.
What was the median household income in Copperas Cove in 2023?
In 2023, the median household income in Copperas Cove, Texas was $63,552, up 5% from $60,501 in 2022. The Texas median that year was $76,528.
What was the median household income in Copperas Cove in 2020?
In 2020, the median household income in Copperas Cove, Texas was $48,850. By 2024 it had risen 31% to $64,212.
Is it hard to find a job in Copperas Cove, Texas?
Unemployment in Copperas Cove, Texas is 7.0%, well above the Texas rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Copperas Cove, Texas?
The Gini coefficient in Copperas Cove is 0.529. 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 Copperas Cove, Texas?
Since 2009, the income gap between men and women in Copperas Cove, Texas has widened from about 22% to 30% in 2024. Over that period the gap was narrowest at 12% in 2017. In dollar terms, the gap has widened by $8,738 since 2009.
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