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 | Rowlett | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,765 | $76,510 | $78,145 |
| Median Personal Income | $111,765 | $76,510 | $78,145 |
| Average income growth | 3.7% | 3.7% | 3.7% |
The median household income in Rowlett is about 46% higher than in Texas. Income has been growing slower in Rowlett (3.7%/yr) than in Texas (4.8%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Rowlett, Texas grew by 39.9% from 2009 to 2023, reaching $111,765 in 2023. That's an average of about 2.9% per year.
Economic Inequality in Rowlett | Gender Pay Gap | Gini Coefficient
| Metric | Rowlett | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.587 | 0.570 |
| Male Median Income | $79,405 | $64,517 | $67,746 |
| Female Median Income | $64,641 | $51,419 | $54,793 |
| Gender Pay Gap | 18.6% | 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 Rowlett, it is 0.540, 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 23% more than women's income in Rowlett, Texas.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rowlett, Texas has narrowed from about 23% to 19% in 2023.
Employment
| Metric | Rowlett | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 15.7% | 12.8% | 13.4% |
| Commute time (minutes) | 31 | 22 | 22 |
The average commute time in Rowlett is 31 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rowlett, Texas has fallen from 6.1% to 3.8% in 2023.
Conclusion
Considering all these factors, Rowlett, 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 Rowlett, Texas.
How Rich Is Rowlett, Texas?
Rowlett 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 $111,765, about 46% higher than the Texas average of $76,510.
What is the current median household income in Rowlett, Texas?
As of 2023, the median household income in Rowlett, Texas is $111,765.
What was the median household income in Rowlett in 2023?
In 2023, the median household income in Rowlett, Texas was $111,765.
What was the median household income in Rowlett in 2020?
In 2020, the median household income in Rowlett, Texas was $102,519.
What is the Gini coefficient in Rowlett, Texas?
The Gini coefficient in Rowlett is 0.540. 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 Rowlett, Texas?
Since 2009, the income gap between men and women in Rowlett, Texas has narrowed from about 23% to 19% in 2023.