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 | Keller | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $164,834 | $76,510 | $78,145 |
| Median Personal Income | $164,834 | $76,510 | $78,145 |
| Average income growth | 5.4% | 5.4% | 5.4% |
The median household income in Keller is about 115% higher than in Texas. Income has been growing faster in Keller (5.4%/yr) than in Texas (4.8%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Keller, Texas grew by 47.4% from 2009 to 2023, reaching $164,834 in 2023. That's an average of about 3.4% per year.
Economic Inequality in Keller | Gender Pay Gap | Gini Coefficient
| Metric | Keller | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.587 | 0.570 |
| Male Median Income | $123,755 | $64,517 | $67,746 |
| Female Median Income | $85,434 | $51,419 | $54,793 |
| Gender Pay Gap | 31.0% | 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 Keller, it is 0.556, 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 45% more than women's income in Keller, Texas.
Income by Sex Over Time
Since 2009, the income gap between men and women in Keller, Texas has narrowed from about 44% to 31% in 2023.
Employment
| Metric | Keller | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 5.1% | 5.2% |
| Working from Home | 24.7% | 12.8% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
The average commute time in Keller is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Keller, Texas has fallen from 4.7% to 3.1% in 2023.
Conclusion
Considering all these factors, Keller, Texas has an overall wealth index grade of A+, making it far better than Texas, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Keller, Texas.
How Rich Is Keller, Texas?
Keller has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $164,834, about 115% higher than the Texas average of $76,510.
What is the current median household income in Keller, Texas?
As of 2023, the median household income in Keller, Texas is $164,834.
What was the median household income in Keller in 2023?
In 2023, the median household income in Keller, Texas was $164,834.
What was the median household income in Keller in 2020?
In 2020, the median household income in Keller, Texas was $143,896.
What is the Gini coefficient in Keller, Texas?
The Gini coefficient in Keller is 0.556. 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 Keller, Texas?
Since 2009, the income gap between men and women in Keller, Texas has narrowed from about 44% to 31% in 2023.