Lancaster, Texas Income Statistics
Lancaster 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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C
Lancaster Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lancaster | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,605 | $78,939 | $80,455 |
| Median Personal Income | $53,977 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.6% | 4.8% |
| Six-Figure Earners | 6.9% | 13.0% | 13.9% |
| $200k+ Households | 5.2% | 12.5% | 13.2% |
The median household income in Lancaster is about 12% lower than in Texas. Income has been growing slower in Lancaster (3.8%/yr) than in Texas (4.6%/yr).
About 7% of adults in Lancaster 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 Lancaster, Texas grew by 45.1% from 2009 to 2024, reaching $69,605 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Lancaster
| Metric | Lancaster | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.570 | 0.552 |
| Male Median Income | $56,651 | $66,147 | $69,667 |
| Female Median Income | $59,924 | $53,058 | $56,850 |
| Gender Pay Gap | -5.8% | 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 Lancaster, it is 0.532, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Women's income is about 6% more than men's income in Lancaster, Texas. Over a 35-year career, a 6% wage gap accumulates to roughly $114,555 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lancaster, Texas has widened from about 3% to -6% in 2024. Over that period the gap was widest at 16% in 2013. In dollar terms, the gap has narrowed by $4,393 since 2009.
Employment
| Metric | Lancaster | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 5.2% | 5.2% |
| Working from Home | 9.0% | 14.4% | 15.0% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 1,542 people are unemployed in Lancaster, Texas.
The average commute time in Lancaster is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lancaster, Texas has fallen from 10.0% to 7.4% in 2024. Over that period the rate peaked at 11.0% in 2013 and fell as low as 5.9% in 2019.
Lancaster, TX Wealth Compared With Nearby Cities
How Lancaster, TX compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lancaster, TX | 41,546 | $69,605 #2/2 | 3.8%/yr #2/2 | 7.4% #1/2 | 0.532 #2/2 |
| DeSoto, TX | 59,125 | $83,048 | 4.1%/yr | 8.4% | 0.526 |
Conclusion
Considering all these factors, Lancaster, 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 Lancaster, Texas.
How Rich Is Lancaster, Texas?
Lancaster 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 $69,605, about 12% lower than the Texas average of $78,939.
Are incomes growing in Lancaster, Texas?
Between 2009 and 2024, the median household income in Lancaster, Texas rose 45%, from $47,960 to $69,605. Over the same years, income here lagged behind Texas as a whole: +45% against +64%.
What was the median household income in Lancaster in 2023?
In 2023, the median household income in Lancaster, Texas was $65,626, up 1% from $64,905 in 2022. The Texas median that year was $76,528.
What was the median household income in Lancaster in 2020?
In 2020, the median household income in Lancaster, Texas was $58,525. By 2024 it had risen 19% to $69,605.
Is unemployment high in Lancaster, Texas?
Unemployment in Lancaster, Texas is 7.4%, well above the Texas rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Lancaster, Texas?
The Gini coefficient in Lancaster is 0.532. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Lancaster, Texas?
Since 2009, the income gap between men and women in Lancaster, Texas has widened from about 3% to -6% in 2024. Over that period the gap was widest at 16% in 2013. In dollar terms, the gap has narrowed by $4,393 since 2009.
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