Parker County, Texas Income Statistics
Parker County Wealth Score
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.
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B
Parker County Around averageWealthier than 95% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parker County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,306 | $78,939 | $80,455 |
| Median Personal Income | $67,512 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.6% | 4.8% |
| Six-Figure Earners | 17.5% | 13.0% | 13.9% |
| $200k+ Households | 18.2% | 12.5% | 13.2% |
The median household income in Parker County is about 33% higher than in Texas. Income has been growing faster in Parker County (5.5%/yr) than in Texas (4.6%/yr).
About 17% of adults in Parker County 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 Parker County, Texas grew by 70.9% from 2009 to 2024, reaching $105,306 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Parker County
| Metric | Parker County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.570 | 0.552 |
| Male Median Income | $83,058 | $66,147 | $69,667 |
| Female Median Income | $58,125 | $53,058 | $56,850 |
| Gender Pay Gap | 30.0% | 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 Parker County, it is 0.552, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 43% more than women's income in Parker County, Texas. Over a 35-year career, a 43% wage gap accumulates to roughly $872,655 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parker County, Texas has narrowed from about 32% to 30% in 2024. Over that period the gap was widest at 38% in 2020, and was narrowest at 29% in 2010. In dollar terms, the gap has widened by $8,259 since 2009.
Employment
| Metric | Parker County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.2% | 5.2% |
| Working from Home | 13.3% | 14.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 3,354 people are unemployed in Parker County, Texas.
The average commute time in Parker County is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parker County, Texas has fallen from 6.0% to 4.0% in 2024. Over that period the rate peaked at 7.2% in 2013 and fell as low as 3.9% in 2022.
Parker County, TX Wealth Compared With Nearby Counties
Parker County, TX is the 2nd largest of the 6 counties compared here, 165,168 residents against a local median of 65,894. Parker County, TX's unemployment, at 4.0%, runs 25% below the 5.3% typical of the counties around it. That is the better end of the local range on this measure.
Median household income tells the same story from another angle: $105,306 against a local median of $85,034, 24% above it. Every measure here with a clear better direction points the same way, so Parker County, TX is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 2.9% on unemployment, so Parker County, TX sits at one end of an already wide local range rather than apart from it. Parker County, TX has the 2nd lowest unemployment of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Parker County, TX | 165,168 | $105,306 #1/6 | 5.5%/yr #4/6 | 4.0% #2/6 | 0.552 #4/6 |
| Hood County, TX | 65,894 | $87,655 | 5.3%/yr | 5.6% | 0.540 |
| Wise County, TX | 75,004 | $92,724 | 6.2%/yr | 5.3% | 0.556 |
| Palo Pinto County, TX | 29,295 | $67,381 | 5.9%/yr | 6.1% | 0.560 |
| Tarrant County, TX | 2,166,122 | $85,034 | 4.4%/yr | 4.7% | 0.550 |
| Somervell County, TX | 9,691 | $83,897 | 7.0%/yr | 3.2% | 0.532 |
Conclusion
Considering all these factors, Parker County, 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 Parker County, Texas.
How Rich Is Parker County, Texas?
Parker County 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 $105,306, about 33% higher than the Texas average of $78,939.
How fast is household income rising in Parker County, Texas?
Between 2009 and 2024, the median household income in Parker County, Texas rose 71%, from $61,636 to $105,306. Over the same years, income here outpaced Texas as a whole: +71% against +64%.
What was the median household income in Parker County in 2023?
In 2023, the median household income in Parker County, Texas was $102,553, up 8% from $95,278 in 2022. The Texas median that year was $76,528.
What was the median household income in Parker County in 2020?
In 2020, the median household income in Parker County, Texas was $84,529. By 2024 it had risen 25% to $105,306.
Do many residents of Parker County, Texas earn over $100,000?
Yes. 17% of adults in Parker County, Texas earn $100,000 or more a year (about 1 in 6), against 13% (about 1 in 8) in Texas. 18% of households have a combined income of $200,000 or more, compared with 12% in Texas.
Is unemployment high in Parker County, Texas?
Unemployment in Parker County, Texas is only 4.0%, 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 Parker County, Texas?
The Gini coefficient in Parker County is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Parker County, Texas?
Since 2009, the income gap between men and women in Parker County, Texas has narrowed from about 32% to 30% in 2024. Over that period the gap was widest at 38% in 2020, and was narrowest at 29% in 2010. In dollar terms, the gap has widened by $8,259 since 2009.
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