Farmers Branch, Texas Income Statistics
Farmers Branch 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
Farmers Branch Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,799 | $78,939 | $80,455 |
| Median Personal Income | $56,150 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 14.7% | 13.0% | 13.9% |
| $200k+ Households | 11.3% | 12.5% | 13.2% |
The median household income in Farmers Branch is about 12% higher than in Texas. Income has been growing faster in Farmers Branch (4.8%/yr) than in Texas (4.6%/yr).
About 15% of adults in Farmers Branch 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 Farmers Branch, Texas grew by 82.9% from 2009 to 2024, reaching $88,799 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Farmers Branch
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.570 | 0.552 |
| Male Median Income | $64,427 | $66,147 | $69,667 |
| Female Median Income | $56,505 | $53,058 | $56,850 |
| Gender Pay Gap | 12.3% | 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 Farmers Branch, it is 0.514, 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 Farmers Branch, Texas. Over a 35-year career, a 14% wage gap accumulates to roughly $277,270 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Farmers Branch, Texas has widened from about 7% to 12% in 2024. Over that period the gap was widest at 22% in 2013, and was narrowest at 6% in 2022. In dollar terms, the gap has widened by $5,280 since 2009.
Employment
| Metric | Farmers Branch | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 5.2% | 5.2% |
| Working from Home | 18.0% | 14.4% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 324 people are unemployed in Farmers Branch, Texas.
The average commute time in Farmers Branch is 20 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Farmers Branch, Texas has fallen from 7.3% to 1.9% in 2024. Over that period the rate peaked at 8.9% in 2013.
Farmers Branch, TX Wealth Compared With Nearby Cities
Farmers Branch, TX is the 3rd largest of the 5 cities compared here, 29,458 residents against a local median of 82,174. Where Farmers Branch, TX breaks from the cities next to it is unemployment, sitting 45% below the local median of 3.4% at 1.9%. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 4.8%/yr against a local median of 3.6%/yr, 33% above it. Every measure here with a clear better direction points the same way, so Farmers Branch, TX is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 1.6% on unemployment, so Farmers Branch, TX sits at one end of an already wide local range rather than apart from it. Farmers Branch, TX has the lowest unemployment of the 5 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Farmers Branch, TX | 29,458 | $88,799 #3/5 | 4.8%/yr #3/5 | 1.9% #1/5 | 0.514 #2/5 |
| Addison, TX | 20,794 | $72,551 | 2.4%/yr | 2.9% | 0.449 |
| Carrollton, TX | 139,254 | $101,790 | 4.9%/yr | 3.2% | 0.516 |
| Irving, TX | 255,814 | $82,403 | 5.2%/yr | 4.4% | 0.558 |
| University Park, TX | 25,094 | $207,349 | 0.5%/yr | 3.6% | 0.615 |
Conclusion
Considering all these factors, Farmers Branch, 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 Farmers Branch, Texas.
How Rich Is Farmers Branch, Texas?
Farmers Branch 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 $88,799, about 12% higher than the Texas average of $78,939.
How fast is household income rising in Farmers Branch, Texas?
Between 2009 and 2024, the median household income in Farmers Branch, Texas rose 83%, from $48,539 to $88,799. Over the same years, income here outpaced Texas as a whole: +83% against +64%.
What was the median household income in Farmers Branch in 2023?
In 2023, the median household income in Farmers Branch, Texas was $86,316, down 1% from $86,934 in 2022. The Texas median that year was $76,528.
What was the median household income in Farmers Branch in 2020?
In 2020, the median household income in Farmers Branch, Texas was $72,909. By 2024 it had risen 22% to $88,799.
How strong is the job market in Farmers Branch, Texas?
Unemployment in Farmers Branch, Texas is only 1.9%, 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 Farmers Branch, Texas?
The Gini coefficient in Farmers Branch is 0.514. 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 Farmers Branch, Texas?
Since 2009, the income gap between men and women in Farmers Branch, Texas has widened from about 7% to 12% in 2024. Over that period the gap was widest at 22% in 2013, and was narrowest at 6% in 2022. In dollar terms, the gap has widened by $5,280 since 2009.
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