Galveston, Texas Income Statistics
Galveston 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
Galveston Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Galveston | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,728 | $78,939 | $80,455 |
| Median Personal Income | $52,880 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.6% | 4.8% |
| Six-Figure Earners | 10.4% | 13.0% | 13.9% |
| $200k+ Households | 8.2% | 12.5% | 13.2% |
The median household income in Galveston is about 32% lower than in Texas. Income has been growing slower in Galveston (3.4%/yr) than in Texas (4.6%/yr).
About 10% of adults in Galveston 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 Galveston, Texas grew by 52.4% from 2009 to 2024, reaching $53,728 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Galveston
| Metric | Galveston | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.580 | 0.570 | 0.552 |
| Male Median Income | $59,634 | $66,147 | $69,667 |
| Female Median Income | $49,631 | $53,058 | $56,850 |
| Gender Pay Gap | 16.8% | 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 Galveston, it is 0.580, higher than Texas's 0.570, so income is less 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 20% more than women's income in Galveston, Texas. Over a 35-year career, a 20% wage gap accumulates to roughly $350,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Galveston, Texas has widened from about 14% to 17% in 2024. Over that period the gap was widest at 23% in 2016, and was narrowest at 14% in 2012. In dollar terms, the gap has widened by $4,872 since 2009.
Employment
| Metric | Galveston | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.2% | 5.2% |
| Working from Home | 11.6% | 14.4% | 15.0% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 1,479 people are unemployed in Galveston, Texas.
The average commute time in Galveston is 15 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Galveston, Texas has fallen from 8.9% to 5.8% in 2024. Over that period the rate peaked at 11.2% in 2013.
Conclusion
Considering all these factors, Galveston, 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 Galveston, Texas.
How Rich Is Galveston, Texas?
Galveston 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 $53,728, about 32% lower than the Texas average of $78,939.
Are incomes growing in Galveston, Texas?
Between 2009 and 2024, the median household income in Galveston, Texas rose 52%, from $35,257 to $53,728. Over the same years, income here lagged behind Texas as a whole: +52% against +64%.
What was the median household income in Galveston in 2023?
In 2023, the median household income in Galveston, Texas was $55,553, up 1% from $55,221 in 2022. The Texas median that year was $76,528.
What was the median household income in Galveston in 2020?
In 2020, the median household income in Galveston, Texas was $50,478. By 2024 it had risen 6% to $53,728.
What is the Gini coefficient in Galveston, Texas?
The Gini coefficient in Galveston is 0.580. 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 Galveston, Texas?
Since 2009, the income gap between men and women in Galveston, Texas has widened from about 14% to 17% in 2024. Over that period the gap was widest at 23% in 2016, and was narrowest at 14% in 2012. In dollar terms, the gap has widened by $4,872 since 2009.
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