Corinth, Texas Income Statistics
Corinth 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.
-
A
Corinth Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Corinth | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,377 | $78,939 | $80,455 |
| Median Personal Income | $70,258 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.6% | 4.8% |
| Six-Figure Earners | 19.4% | 13.0% | 13.9% |
| $200k+ Households | 18.0% | 12.5% | 13.2% |
The median household income in Corinth is about 50% higher than in Texas. Income has been growing faster in Corinth (4.6%/yr) than in Texas (4.6%/yr).
About 19% of adults in Corinth 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 Corinth, Texas grew by 39.1% from 2009 to 2024, reaching $118,377 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Corinth
| Metric | Corinth | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.570 | 0.552 |
| Male Median Income | $84,568 | $66,147 | $69,667 |
| Female Median Income | $64,854 | $53,058 | $56,850 |
| Gender Pay Gap | 23.3% | 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 Corinth, it is 0.516, 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 30% more than women's income in Corinth, Texas. Over a 35-year career, a 30% wage gap accumulates to roughly $689,990 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Corinth, Texas has widened from about 22% to 23% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $7,442 since 2009.
Employment
| Metric | Corinth | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 5.2% | 5.2% |
| Working from Home | 16.8% | 14.4% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 290 people are unemployed in Corinth, Texas.
The average commute time in Corinth is 25 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Corinth, Texas has fallen from 6.9% to 2.3% in 2024. Over that period the rate peaked at 9.1% in 2014 and fell as low as 2.2% in 2023.
Conclusion
Considering all these factors, Corinth, 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 Corinth, Texas.
How Rich Is Corinth, Texas?
Corinth 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 $118,377, about 50% higher than the Texas average of $78,939.
How has median household income changed in Corinth, Texas?
Between 2009 and 2024, the median household income in Corinth, Texas rose 39%, from $85,114 to $118,377. Over the same years, income here lagged behind Texas as a whole: +39% against +64%.
What was the median household income in Corinth in 2023?
In 2023, the median household income in Corinth, Texas was $116,045, up 2% from $113,372 in 2022. The Texas median that year was $76,528.
What was the median household income in Corinth in 2020?
In 2020, the median household income in Corinth, Texas was $99,250. By 2024 it had risen 19% to $118,377.
How many people earn six figures in Corinth, Texas?
Yes. 19% of adults in Corinth, Texas earn $100,000 or more a year (about 1 in 5), against 13% (about 1 in 8) in Texas. 18% of households have a combined income of $200,000 or more, compared with 12% in Texas.
Is unemployment high in Corinth, Texas?
Unemployment in Corinth, Texas is only 2.3%, 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 Corinth, Texas?
The Gini coefficient in Corinth is 0.516. 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 Corinth, Texas?
Since 2009, the income gap between men and women in Corinth, Texas has widened from about 22% to 23% in 2024. Over that period the gap was widest at 33% in 2019, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $7,442 since 2009.
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