Spring, Texas Income Statistics
Spring 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.
-
B
Spring Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,119 | $78,939 | $80,455 |
| Median Personal Income | $54,314 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.6% | 4.6% | 4.8% |
| Six-Figure Earners | 9.4% | 13.0% | 13.9% |
| $200k+ Households | 8.5% | 12.5% | 13.2% |
The median household income in Spring is about 12% higher than in Texas. Income has been growing slower in Spring (3.6%/yr) than in Texas (4.6%/yr).
About 9% of adults in Spring 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 Spring, Texas grew by 29.2% from 2009 to 2024, reaching $88,119 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Spring
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.570 | 0.552 |
| Male Median Income | $63,560 | $66,147 | $69,667 |
| Female Median Income | $44,562 | $53,058 | $56,850 |
| Gender Pay Gap | 29.9% | 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 Spring, it is 0.529, 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 43% more than women's income in Spring, Texas. Over a 35-year career, a 43% wage gap accumulates to roughly $664,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spring, Texas has widened from about 23% to 30% in 2024. Over that period the gap was widest at 34% in 2021, and was narrowest at 21% in 2013. In dollar terms, the gap has widened by $7,161 since 2009.
Employment
| Metric | Spring | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.2% | 5.2% |
| Working from Home | 10.4% | 14.4% | 15.0% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 1,762 people are unemployed in Spring, Texas.
The average commute time in Spring is 31 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spring, Texas has fallen from 6.6% to 5.0% in 2024. Over that period the rate peaked at 7.8% in 2013 and fell as low as 4.6% in 2018.
Conclusion
Considering all these factors, Spring, 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 Spring, Texas.
How Rich Is Spring, Texas?
Spring 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 $88,119, about 12% higher than the Texas average of $78,939.
How has median household income changed in Spring, Texas?
Between 2009 and 2024, the median household income in Spring, Texas rose 29%, from $68,184 to $88,119. Over the same years, income here lagged behind Texas as a whole: +29% against +64%.
What was the median household income in Spring in 2023?
In 2023, the median household income in Spring, Texas was $88,025, up 5% from $83,616 in 2022. The Texas median that year was $76,528.
What was the median household income in Spring in 2020?
In 2020, the median household income in Spring, Texas was $73,034. By 2024 it had risen 21% to $88,119.
What is the Gini coefficient in Spring, Texas?
The Gini coefficient in Spring is 0.529. 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 Spring, Texas?
Since 2009, the income gap between men and women in Spring, Texas has widened from about 23% to 30% in 2024. Over that period the gap was widest at 34% in 2021, and was narrowest at 21% in 2013. In dollar terms, the gap has widened by $7,161 since 2009.
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