DeSoto, Texas Income Statistics
DeSoto 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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B
DeSoto Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,048 | $78,939 | $80,455 |
| Median Personal Income | $57,426 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.6% | 4.8% |
| Six-Figure Earners | 9.7% | 13.0% | 13.9% |
| $200k+ Households | 9.5% | 12.5% | 13.2% |
The median household income in DeSoto is about 5% higher than in Texas. Income has been growing slower in DeSoto (4.1%/yr) than in Texas (4.6%/yr).
About 10% of adults in DeSoto 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 DeSoto, Texas grew by 40.0% from 2009 to 2024, reaching $83,048 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in DeSoto
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.570 | 0.552 |
| Male Median Income | $64,375 | $66,147 | $69,667 |
| Female Median Income | $56,405 | $53,058 | $56,850 |
| Gender Pay Gap | 12.4% | 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 DeSoto, it is 0.526, 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 14% more than women's income in DeSoto, Texas. Over a 35-year career, a 14% wage gap accumulates to roughly $278,950 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in DeSoto, Texas has narrowed from about 19% to 12% in 2024. Over that period the gap was narrowest at 2% in 2018. In dollar terms, the gap has narrowed by $1,832 since 2009.
Employment
| Metric | DeSoto | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.4% | 5.2% | 5.2% |
| Working from Home | 16.9% | 14.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 2,783 people are unemployed in DeSoto, Texas.
The average commute time in DeSoto is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in DeSoto, Texas has risen from 7.7% to 8.4% in 2024. Over that period the rate peaked at 10.3% in 2014 and fell as low as 5.8% in 2019.
DeSoto, TX Wealth Compared With Nearby Cities
How DeSoto, 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. |
|---|---|---|---|---|---|
| DeSoto, TX | 59,125 | $83,048 #1/3 | 4.1%/yr #2/3 | 8.4% #3/3 | 0.526 #1/3 |
| Duncanville, TX | 39,879 | $77,060 | 5.3%/yr | 6.8% | 0.537 |
| Lancaster, TX | 41,546 | $69,605 | 3.8%/yr | 7.4% | 0.532 |
Conclusion
Considering all these factors, DeSoto, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in DeSoto, Texas.
How Rich Is DeSoto, Texas?
DeSoto 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 $83,048, about 5% higher than the Texas average of $78,939.
How has median household income changed in DeSoto, Texas?
Between 2009 and 2024, the median household income in DeSoto, Texas rose 40%, from $59,307 to $83,048. Over the same years, income here lagged behind Texas as a whole: +40% against +64%.
What was the median household income in DeSoto in 2023?
In 2023, the median household income in DeSoto, Texas was $81,942, up 1% from $81,362 in 2022. The Texas median that year was $76,528.
What was the median household income in DeSoto in 2020?
In 2020, the median household income in DeSoto, Texas was $71,789. By 2024 it had risen 16% to $83,048.
Is unemployment high in DeSoto, Texas?
Unemployment in DeSoto, Texas is 8.4%, well above the Texas rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in DeSoto, Texas?
The Gini coefficient in DeSoto is 0.526. 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 DeSoto, Texas?
Since 2009, the income gap between men and women in DeSoto, Texas has narrowed from about 19% to 12% in 2024. Over that period the gap was narrowest at 2% in 2018. In dollar terms, the gap has narrowed by $1,832 since 2009.
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