Saginaw, Texas Income Statistics
Saginaw 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
Saginaw Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Saginaw | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $94,833 | $78,939 | $80,455 |
| Median Personal Income | $59,470 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.9% | 4.6% | 4.8% |
| Six-Figure Earners | 11.7% | 13.0% | 13.9% |
| $200k+ Households | 8.3% | 12.5% | 13.2% |
The median household income in Saginaw is about 20% higher than in Texas. Income has been growing slower in Saginaw (2.9%/yr) than in Texas (4.6%/yr).
About 12% of adults in Saginaw 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 Saginaw, Texas grew by 40.1% from 2009 to 2024, reaching $94,833 in 2024. That's an average of about 2.9% per year.
Income Inequality and the Gender Pay Gap in Saginaw
| Metric | Saginaw | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.570 | 0.552 |
| Male Median Income | $68,302 | $66,147 | $69,667 |
| Female Median Income | $49,116 | $53,058 | $56,850 |
| Gender Pay Gap | 28.1% | 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 Saginaw, it is 0.510, 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 39% more than women's income in Saginaw, Texas. Over a 35-year career, a 39% wage gap accumulates to roughly $671,510 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Saginaw, Texas has narrowed from about 29% to 28% in 2024. Over that period the gap was widest at 33% in 2023, and was narrowest at 16% in 2014. In dollar terms, the gap has widened by $3,891 since 2009.
Employment
| Metric | Saginaw | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.2% | 5.2% |
| Working from Home | 13.2% | 14.4% | 15.0% |
| Commute time (minutes) | 26 | 22 | 22 |
Approximately 606 people are unemployed in Saginaw, Texas.
The average commute time in Saginaw is 26 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saginaw, Texas has fallen from 8.2% to 4.0% in 2024. Over that period the rate peaked at 8.8% in 2012 and fell as low as 3.0% in 2020.
Saginaw, TX Wealth Compared With Nearby Cities
How Saginaw, 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. |
|---|---|---|---|---|---|
| Saginaw, TX | 27,695 | $94,833 #1/2 | 2.9%/yr #2/2 | 4.0% #1/2 | 0.510 #1/2 |
| Fort Worth, TX | 922,591 | $79,315 | 4.8%/yr | 4.9% | 0.558 |
Conclusion
Considering all these factors, Saginaw, 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 Saginaw, Texas.
How Rich Is Saginaw, Texas?
Saginaw 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 $94,833, about 20% higher than the Texas average of $78,939.
How fast is household income rising in Saginaw, Texas?
Between 2009 and 2024, the median household income in Saginaw, Texas rose 40%, from $67,666 to $94,833. Over the same years, income here lagged behind Texas as a whole: +40% against +64%.
What was the median household income in Saginaw in 2023?
In 2023, the median household income in Saginaw, Texas was $94,470, down 3% from $96,913 in 2022. The Texas median that year was $76,528.
What was the median household income in Saginaw in 2020?
In 2020, the median household income in Saginaw, Texas was $85,570. By 2024 it had risen 11% to $94,833.
How strong is the job market in Saginaw, Texas?
Unemployment in Saginaw, 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 Saginaw, Texas?
The Gini coefficient in Saginaw is 0.510. 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 Saginaw, Texas?
Since 2009, the income gap between men and women in Saginaw, Texas has narrowed from about 29% to 28% in 2024. Over that period the gap was widest at 33% in 2023, and was narrowest at 16% in 2014. In dollar terms, the gap has widened by $3,891 since 2009.
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