Little Elm, Texas Income Statistics
Little Elm 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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A
Little Elm Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $122,846 | $78,939 | $80,455 |
| Median Personal Income | $78,274 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.6% | 4.8% |
| Six-Figure Earners | 22.8% | 13.0% | 13.9% |
| $200k+ Households | 21.7% | 12.5% | 13.2% |
The median household income in Little Elm is about 56% higher than in Texas. Income has been growing slower in Little Elm (4.3%/yr) than in Texas (4.6%/yr).
About 23% of adults in Little Elm 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 Little Elm, Texas grew by 56.3% from 2009 to 2024, reaching $122,846 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Little Elm
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.570 | 0.552 |
| Male Median Income | $93,404 | $66,147 | $69,667 |
| Female Median Income | $70,031 | $53,058 | $56,850 |
| Gender Pay Gap | 25.0% | 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 Little Elm, it is 0.541, 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.
Men's income is about 33% more than women's income in Little Elm, Texas. Over a 35-year career, a 33% wage gap accumulates to roughly $818,055 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Little Elm, Texas has widened from about 17% to 25% in 2024. Over that period the gap was narrowest at 16% in 2011. In dollar terms, the gap has widened by $14,635 since 2009.
Employment
| Metric | Little Elm | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.2% | 5.2% |
| Working from Home | 28.6% | 14.4% | 15.0% |
| Commute time (minutes) | 32 | 22 | 22 |
Approximately 1,954 people are unemployed in Little Elm, Texas.
The average commute time in Little Elm is 32 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Little Elm, Texas has fallen from 8.4% to 5.5% in 2024. Over that period the rate peaked at 8.8% in 2012 and fell as low as 4.4% in 2019.
Conclusion
Considering all these factors, Little Elm, Texas has an overall wealth index grade of A, making it notably better than Texas, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Little Elm, Texas.
How Rich Is Little Elm, Texas?
Little Elm 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 residents are much better off than the U.S. average. The median household income is $122,846, about 56% higher than the Texas average of $78,939.
How fast is household income rising in Little Elm, Texas?
Between 2009 and 2024, the median household income in Little Elm, Texas rose 56%, from $78,606 to $122,846. Over the same years, income here lagged behind Texas as a whole: +56% against +64%.
What was the median household income in Little Elm in 2023?
In 2023, the median household income in Little Elm, Texas was $121,036, up 4% from $116,170 in 2022. The Texas median that year was $76,528.
What was the median household income in Little Elm in 2020?
In 2020, the median household income in Little Elm, Texas was $103,775. By 2024 it had risen 18% to $122,846.
Do many residents of Little Elm, Texas earn over $100,000?
Yes. 23% of adults in Little Elm, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 22% of households have a combined income of $200,000 or more, compared with 12% in Texas.
What is the Gini coefficient in Little Elm, Texas?
The Gini coefficient in Little Elm is 0.541. 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 Little Elm, Texas?
Since 2009, the income gap between men and women in Little Elm, Texas has widened from about 17% to 25% in 2024. Over that period the gap was narrowest at 16% in 2011. In dollar terms, the gap has widened by $14,635 since 2009.
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