Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,313 | $76,510 | $78,145 |
| Median Personal Income | $56,313 | $76,510 | $78,145 |
| Average income growth | 2.8% | 2.8% | 2.8% |
The median household income in Haltom City is about 26% lower than in Texas. Income has been growing slower in Haltom City (2.8%/yr) than in Texas (4.8%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Haltom City, Texas grew by 35.0% from 2009 to 2023, reaching $56,313 in 2023. That's an average of about 2.5% per year.
Economic Inequality in Haltom City | Gender Pay Gap | Gini Coefficient
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.587 | 0.570 |
| Male Median Income | $50,309 | $64,517 | $67,746 |
| Female Median Income | $40,489 | $51,419 | $54,793 |
| Gender Pay Gap | 19.5% | 20.3% | 19.1% |
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 Haltom City, it is 0.530, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Haltom City, Texas.
Income by Sex Over Time
Since 2009, the income gap between men and women in Haltom City, Texas has widened from about 16% to 20% in 2023.
Employment
| Metric | Haltom City | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 8.3% | 12.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
The average commute time in Haltom City is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Haltom City, Texas has fallen from 8.1% to 3.8% in 2023.
Conclusion
Considering all these factors, Haltom City, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Haltom City, Texas.
How Rich Is Haltom City, Texas?
Haltom City 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 $56,313, about 26% lower than the Texas average of $76,510.
What is the current median household income in Haltom City, Texas?
As of 2023, the median household income in Haltom City, Texas is $56,313.
What was the median household income in Haltom City in 2023?
In 2023, the median household income in Haltom City, Texas was $56,313.
What was the median household income in Haltom City in 2020?
In 2020, the median household income in Haltom City, Texas was $52,152.
What is the Gini coefficient in Haltom City, Texas?
The Gini coefficient in Haltom City is 0.530. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Haltom City, Texas?
Since 2009, the income gap between men and women in Haltom City, Texas has widened from about 16% to 20% in 2023.