Wealth Index
Among the top 3 wealthiest counties in Texas
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.
Income Statistics Overview
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,787 | $76,510 | $78,145 |
| Median Personal Income | $73,290 | $58,415 | $61,726 |
| Average income growth | 5.0% | 4.8% | 5.1% |
| Six-Figure Earners | 20.2% | 12.4% | 13.2% |
The median household income in Denton County is about 42% higher than in Texas. Income has been growing faster in Denton County (5.0%/yr) than in Texas (4.8%/yr).
About 20% of adults in Denton County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Denton County, Texas grew by 55.2% from 2009 to 2023, reaching $108,787 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Denton County | Gender Pay Gap | Gini Coefficient
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.587 | 0.570 |
| Male Median Income | $85,587 | $64,517 | $67,746 |
| Female Median Income | $62,867 | $51,419 | $54,793 |
| Gender Pay Gap | 26.5% | 20.3% | 19.1% |
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 Denton County, it is 0.557, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 36% more than women's income in Denton County, Texas. Over a 35-year career, a 36% wage gap accumulates to roughly $795,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Denton County, Texas has widened from about 21% to 27% in 2023. In dollar terms, the gap has widened by $11,300 since 2009.
Employment
| Metric | Denton County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.1% | 5.2% |
| Working from Home | 20.9% | 12.8% | 13.4% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 21,323 people are unemployed in Denton County, Texas.
The average commute time in Denton County is 26 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Denton County, Texas has fallen from 6.5% to 4.0% in 2023.
Conclusion
Considering all these factors, Denton County, Texas has an overall wealth index grade of B, making it notably better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Denton County, Texas.
How Rich Is Denton County, Texas?
Denton County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $108,787, about 42% higher than the Texas average of $76,510.
What is the current median household income in Denton County, Texas?
As of 2023, the median household income in Denton County, Texas is $108,787.
What was the median household income in Denton County in 2023?
In 2023, the median household income in Denton County, Texas was $108,787.
What was the median household income in Denton County in 2020?
In 2020, the median household income in Denton County, Texas was $91,446.
What is the Gini coefficient in Denton County, Texas?
The Gini coefficient in Denton County is 0.557. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Denton County, Texas?
Since 2009, the income gap between men and women in Denton County, Texas has widened from about 21% to 27% in 2023. In dollar terms, the gap has widened by $11,300 since 2009.