Dallas, Texas Income Statistics
Dallas 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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C
Dallas Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Dallas | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,464 | $78,939 | $80,455 |
| Median Personal Income | $54,133 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.6% | 4.6% | 4.8% |
| Six-Figure Earners | 13.9% | 13.0% | 13.9% |
| $200k+ Households | 12.9% | 12.5% | 13.2% |
The median household income in Dallas is about 9% lower than in Texas. Income has been growing faster in Dallas (5.6%/yr) than in Texas (4.6%/yr).
About 14% of adults in Dallas 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 Dallas, Texas grew by 68.6% from 2009 to 2024, reaching $71,464 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Dallas
| Metric | Dallas | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.570 | 0.552 |
| Male Median Income | $60,452 | $66,147 | $69,667 |
| Female Median Income | $54,524 | $53,058 | $56,850 |
| Gender Pay Gap | 9.8% | 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 Dallas, it is 0.558, lower than Texas's 0.570, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 11% more than women's income in Dallas, Texas. Over a 35-year career, a 11% wage gap accumulates to roughly $207,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dallas, Texas has widened from about 0% to 10% in 2024. In dollar terms, the gap has widened by $5,912 since 2009.
Employment
| Metric | Dallas | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.2% | 5.2% |
| Working from Home | 16.1% | 14.4% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 35,686 people are unemployed in Dallas, Texas.
The average commute time in Dallas is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dallas, Texas has fallen from 8.5% to 4.9% in 2024. Over that period the rate peaked at 9.3% in 2013 and fell as low as 4.7% in 2019.
Dallas, TX Wealth Compared With Nearby Cities
How Dallas, 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. |
|---|---|---|---|---|---|
| Dallas, TX | 1,350,137 | $71,464 #2/3 | 5.6%/yr #2/3 | 4.9% #2/3 | 0.558 #2/3 |
| University Park, TX | 25,094 | $207,349 | 0.5%/yr | 3.6% | 0.615 |
| Balch Springs, TX | 32,011 | $66,753 | 6.7%/yr | 7.2% | 0.541 |
Conclusion
Considering all these factors, Dallas, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dallas, Texas.
How Rich Is Dallas, Texas?
Dallas has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,464, about 9% lower than the Texas average of $78,939.
Are incomes growing in Dallas, Texas?
Between 2009 and 2024, the median household income in Dallas, Texas rose 69%, from $42,382 to $71,464. Over the same years, income here outpaced Texas as a whole: +69% against +64%.
What was the median household income in Dallas in 2023?
In 2023, the median household income in Dallas, Texas was $68,947, up 6% from $64,966 in 2022. The Texas median that year was $76,528.
What was the median household income in Dallas in 2020?
In 2020, the median household income in Dallas, Texas was $56,384. By 2024 it had risen 27% to $71,464.
What is the Gini coefficient in Dallas, Texas?
The Gini coefficient in Dallas is 0.558. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Dallas, Texas?
Since 2009, the income gap between men and women in Dallas, Texas has widened from about 0% to 10% in 2024. In dollar terms, the gap has widened by $5,912 since 2009.
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