Fort Worth, Texas Income Statistics
Fort Worth 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.
-
C
Fort Worth Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fort Worth | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,315 | $78,939 | $80,455 |
| Median Personal Income | $55,937 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 11.9% | 13.0% | 13.9% |
| $200k+ Households | 10.9% | 12.5% | 13.2% |
The median household income in Fort Worth is about the same as in Texas. Income has been growing faster in Fort Worth (4.8%/yr) than in Texas (4.6%/yr).
About 12% of adults in Fort Worth 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 Worth, Texas grew by 68.5% from 2009 to 2024, reaching $79,315 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Fort Worth
| Metric | Fort Worth | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.570 | 0.552 |
| Male Median Income | $63,565 | $66,147 | $69,667 |
| Female Median Income | $53,664 | $53,058 | $56,850 |
| Gender Pay Gap | 15.6% | 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 Worth, 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 18% more than women's income in Fort Worth, Texas. Over a 35-year career, a 18% wage gap accumulates to roughly $346,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fort Worth, Texas has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $2,743 since 2009.
Employment
| Metric | Fort Worth | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.2% | 5.2% |
| Working from Home | 13.8% | 14.4% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 23,597 people are unemployed in Fort Worth, Texas.
The average commute time in Fort Worth is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fort Worth, Texas has fallen from 8.7% to 4.9% in 2024. Over that period the rate peaked at 9.1% in 2012.
Conclusion
Considering all these factors, Fort Worth, 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 Fort Worth, Texas.
How Rich Is Fort Worth, Texas?
Fort Worth 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 $79,315, close to the Texas average of $78,939.
How has median household income changed in Fort Worth, Texas?
Between 2009 and 2024, the median household income in Fort Worth, Texas rose 69%, from $47,062 to $79,315. Over the same years, income here outpaced Texas as a whole: +69% against +64%.
What was the median household income in Fort Worth in 2023?
In 2023, the median household income in Fort Worth, Texas was $76,357, up 6% from $71,967 in 2022. The Texas median that year was $76,528.
What was the median household income in Fort Worth in 2020?
In 2020, the median household income in Fort Worth, Texas was $64,923. By 2024 it had risen 22% to $79,315.
What is the Gini coefficient in Fort Worth, Texas?
The Gini coefficient in Fort Worth 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 Fort Worth, Texas?
Since 2009, the income gap between men and women in Fort Worth, Texas has narrowed from about 17% to 16% in 2024. Over that period the gap was widest at 19% in 2010, and was narrowest at 13% in 2014. In dollar terms, the gap has widened by $2,743 since 2009.
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