Katy, Texas Income Statistics
Katy 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
Katy Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Katy | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,745 | $78,939 | $80,455 |
| Median Personal Income | $75,627 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.6% | 4.6% | 4.8% |
| Six-Figure Earners | 21.2% | 13.0% | 13.9% |
| $200k+ Households | 25.6% | 12.5% | 13.2% |
The median household income in Katy is about 53% higher than in Texas. Income has been growing slower in Katy (2.6%/yr) than in Texas (4.6%/yr).
About 21% of adults in Katy 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 Katy, Texas grew by 60.2% from 2009 to 2024, reaching $120,745 in 2024. That's an average of about 2.6% per year.
Income Inequality and the Gender Pay Gap in Katy
| Metric | Katy | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.589 | 0.570 | 0.552 |
| Male Median Income | $95,603 | $66,147 | $69,667 |
| Female Median Income | $65,761 | $53,058 | $56,850 |
| Gender Pay Gap | 31.2% | 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 Katy, it is 0.589, 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 45% more than women's income in Katy, Texas. Over a 35-year career, a 45% wage gap accumulates to roughly $1,044,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Katy, Texas has widened from about 29% to 31% in 2024. Over that period the gap was widest at 38% in 2022, and was narrowest at 23% in 2013. In dollar terms, the gap has widened by $13,282 since 2009.
Employment
| Metric | Katy | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 5.2% | 5.2% |
| Working from Home | 17.2% | 14.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 879 people are unemployed in Katy, Texas.
The average commute time in Katy is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Katy, Texas has risen from 4.5% to 6.1% in 2024. Over that period the rate peaked at 6.6% in 2020 and fell as low as 4.3% in 2015.
Conclusion
Considering all these factors, Katy, Texas has an overall wealth index grade of B, making it notably better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Katy, Texas.
How Rich Is Katy, Texas?
Katy 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 $120,745, about 53% higher than the Texas average of $78,939.
How has median household income changed in Katy, Texas?
Between 2009 and 2024, the median household income in Katy, Texas rose 60%, from $75,392 to $120,745. Over the same years, income here lagged behind Texas as a whole: +60% against +64%.
What was the median household income in Katy in 2023?
In 2023, the median household income in Katy, Texas was $120,701, down 2% from $123,057 in 2022. The Texas median that year was $76,528.
What was the median household income in Katy in 2020?
In 2020, the median household income in Katy, Texas was $101,805. By 2024 it had risen 19% to $120,745.
Do many residents of Katy, Texas earn over $100,000?
Yes. 21% of adults in Katy, Texas earn $100,000 or more a year (about 1 in 5), against 13% (about 1 in 8) in Texas. 26% of households have a combined income of $200,000 or more, compared with 12% in Texas.
What is the Gini coefficient in Katy, Texas?
The Gini coefficient in Katy is 0.589. 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 Katy, Texas?
Since 2009, the income gap between men and women in Katy, Texas has widened from about 29% to 31% in 2024. Over that period the gap was widest at 38% in 2022, and was narrowest at 23% in 2013. In dollar terms, the gap has widened by $13,282 since 2009.
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