Midland, Texas Income Statistics
Midland 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
Midland Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Midland | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,839 | $78,939 | $80,455 |
| Median Personal Income | $62,808 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.3% | 4.6% | 4.8% |
| Six-Figure Earners | 18.4% | 13.0% | 13.9% |
| $200k+ Households | 16.7% | 12.5% | 13.2% |
The median household income in Midland is about 6% higher than in Texas. Income has been growing slower in Midland (2.3%/yr) than in Texas (4.6%/yr).
About 18% of adults in Midland 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 Midland, Texas grew by 65.5% from 2009 to 2024, reaching $83,839 in 2024. That's an average of about 2.3% per year.
Income Inequality and the Gender Pay Gap in Midland
| Metric | Midland | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.570 | 0.552 |
| Male Median Income | $82,882 | $66,147 | $69,667 |
| Female Median Income | $49,809 | $53,058 | $56,850 |
| Gender Pay Gap | 39.9% | 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 Midland, it is 0.560, lower than Texas's 0.570, so income is more 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 66% more than women's income in Midland, Texas. Over a 35-year career, a 66% wage gap accumulates to roughly $1,157,555 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Midland, Texas has stayed about the same since 2009, at around 40%. Over that period the gap was narrowest at 31% in 2018. In dollar terms, the gap has widened by $13,206 since 2009.
Employment
| Metric | Midland | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.2% | 5.2% |
| Working from Home | 6.5% | 14.4% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 2,109 people are unemployed in Midland, Texas.
The average commute time in Midland is 17 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Midland, Texas has fallen from 3.9% to 3.5% in 2024. Over that period the rate peaked at 4.6% in 2013 and fell as low as 2.8% in 2021.
Midland, TX Wealth Compared With Nearby Cities
How Midland, TX compares with the 2 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. |
|---|---|---|---|---|---|
| Midland, TX | 117,504 | $83,839 #1/3 | 2.3%/yr #3/3 | 3.5% #1/3 | 0.560 #2/3 |
| Odessa, TX | 101,110 | $71,535 | 2.7%/yr | 6.1% | 0.551 |
| West Odessa, TX | 32,106 | $64,854 | 2.5%/yr | 6.0% | 0.568 |
Conclusion
Considering all these factors, Midland, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Midland, Texas.
How Rich Is Midland, Texas?
Midland 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 $83,839, about 6% higher than the Texas average of $78,939.
How has median household income changed in Midland, Texas?
Between 2009 and 2024, the median household income in Midland, Texas rose 66%, from $50,655 to $83,839. Over the same years, income here outpaced Texas as a whole: +66% against +64%.
What was the median household income in Midland in 2023?
In 2023, the median household income in Midland, Texas was $85,880, up 1% from $85,217 in 2022. The Texas median that year was $76,528.
What was the median household income in Midland in 2020?
In 2020, the median household income in Midland, Texas was $79,550. By 2024 it had risen 5% to $83,839.
Is Midland, Texas a high-income area?
Yes. 18% of adults in Midland, Texas earn $100,000 or more a year (about 1 in 5), against 13% (about 1 in 8) in Texas. 17% of households have a combined income of $200,000 or more, compared with 12% in Texas.
How strong is the job market in Midland, Texas?
Unemployment in Midland, Texas is only 3.5%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Midland, Texas?
The Gini coefficient in Midland is 0.560. 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 Midland, Texas?
The income gap between men and women in Midland, Texas has stayed about the same since 2009, at around 40%. Over that period the gap was narrowest at 31% in 2018. In dollar terms, the gap has widened by $13,206 since 2009.
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