Fort Hood, Texas Income Statistics
Fort Hood 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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D
Fort Hood Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Hood | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,637 | $78,939 | $80,455 |
| Median Personal Income | $30,559 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.6% | 4.8% |
| Six-Figure Earners | 3.0% | 13.0% | 13.9% |
| $200k+ Households | 3.2% | 12.5% | 13.2% |
The median household income in Fort Hood is about 22% lower than in Texas. Income has been growing faster in Fort Hood (5.0%/yr) than in Texas (4.6%/yr).
About 3% of adults in Fort Hood 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 Fort Hood, Texas grew by 65.3% from 2009 to 2024, reaching $61,637 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Fort Hood
| Metric | Fort Hood | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.485 | 0.570 | 0.552 |
| Male Median Income | $34,777 | $66,147 | $69,667 |
| Female Median Income | $37,955 | $53,058 | $56,850 |
| Gender Pay Gap | -9.1% | 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 Fort Hood, it is 0.485, 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.
Women's income is about 9% more than men's income in Fort Hood, Texas. Over a 35-year career, a 9% wage gap accumulates to roughly $111,230 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Hood, Texas has widened from about 5% to -9% in 2024. Over that period the gap was widest at 9% in 2021, and in 2017 women out-earned men by 11%. In dollar terms, the gap has narrowed by $4,688 since 2009.
Employment
| Metric | Fort Hood | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.2% | 5.2% |
| Working from Home | 11.0% | 14.4% | 15.0% |
| Commute time (minutes) | 11 | 22 | 22 |
Approximately 636 people are unemployed in Fort Hood, Texas.
The average commute time in Fort Hood is 11 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Hood, Texas has risen from 3.7% to 4.7% in 2024. Over that period the rate peaked at 6.0% in 2014 and fell as low as 2.5% in 2021.
Fort Hood, TX Wealth Compared With Nearby Cities
Fort Hood, TX is the smallest of the 4 cities compared here, 23,244 residents against a local median of 29,853. Fort Hood, TX's income growth, at 5.0%/yr, runs 59% above the 3.2%/yr typical of the cities around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 4.7% against a local median of 7.0%, 33% below it. Every measure here with a clear better direction points the same way, so Fort Hood, TX is not trading one advantage for another, it reads stronger than its neighbours across the board. The cities themselves spread 3.1%/yr on income growth, so Fort Hood, TX sits at one end of an already wide local range rather than apart from it. Fort Hood, TX has the highest income growth of the 4 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. |
|---|---|---|---|---|---|
| Fort Hood, TX | 23,244 | $61,637 #3/4 | 5.0%/yr #1/4 | 4.7% #2/4 | 0.485 #1/4 |
| Killeen, TX | 148,206 | $60,625 | 3.2%/yr | 8.4% | 0.526 |
| Copperas Cove, TX | 28,341 | $64,212 | 3.6%/yr | 7.0% | 0.529 |
| Harker Heights, TX | 29,853 | $74,935 | 0.4%/yr | 3.4% | 0.532 |
Conclusion
Considering all these factors, Fort Hood, Texas has an overall wealth index grade of D, making it somewhat worse than Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fort Hood, Texas.
How Rich Is Fort Hood, Texas?
Fort Hood has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $61,637, about 22% lower than the Texas average of $78,939.
Are incomes growing in Fort Hood, Texas?
Between 2009 and 2024, the median household income in Fort Hood, Texas rose 65%, from $37,296 to $61,637. Over the same years, income here outpaced Texas as a whole: +65% against +64%.
What was the median household income in Fort Hood in 2023?
In 2023, the median household income in Fort Hood, Texas was $59,245, up 12% from $53,013 in 2022. The Texas median that year was $76,528.
What was the median household income in Fort Hood in 2020?
In 2020, the median household income in Fort Hood, Texas was $44,837. By 2024 it had risen 37% to $61,637.
What is the Gini coefficient in Fort Hood, Texas?
The Gini coefficient in Fort Hood is 0.485. 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 Fort Hood, Texas?
Since 2009, the income gap between men and women in Fort Hood, Texas has widened from about 5% to -9% in 2024. Over that period the gap was widest at 9% in 2021, and in 2017 women out-earned men by 11%. In dollar terms, the gap has narrowed by $4,688 since 2009.
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