Temple, Texas Income Statistics
Temple 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.
-
C
Temple Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,660 | $78,939 | $80,455 |
| Median Personal Income | $53,155 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 8.9% | 13.0% | 13.9% |
| $200k+ Households | 5.6% | 12.5% | 13.2% |
The median household income in Temple is about 13% lower than in Texas. Income has been growing slower in Temple (4.2%/yr) than in Texas (4.6%/yr).
About 9% of adults in Temple 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 Temple, Texas grew by 51.3% from 2009 to 2024, reaching $68,660 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Temple
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.570 | 0.552 |
| Male Median Income | $59,273 | $66,147 | $69,667 |
| Female Median Income | $51,401 | $53,058 | $56,850 |
| Gender Pay Gap | 13.3% | 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 Temple, it is 0.530, 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 15% more than women's income in Temple, Texas. Over a 35-year career, a 15% wage gap accumulates to roughly $275,520 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Temple, Texas has narrowed from about 24% to 13% in 2024. Over that period the gap was narrowest at 7% in 2014. In dollar terms, the gap has narrowed by $1,669 since 2009.
Employment
| Metric | Temple | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 5.2% | 5.2% |
| Working from Home | 11.6% | 14.4% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 2,458 people are unemployed in Temple, Texas.
The average commute time in Temple is 16 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Temple, Texas has risen from 4.7% to 6.4% in 2024. Over that period the rate peaked at 6.9% in 2022.
Conclusion
Considering all these factors, Temple, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Temple, Texas.
How Rich Is Temple, Texas?
Temple has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $68,660, about 13% lower than the Texas average of $78,939.
How fast is household income rising in Temple, Texas?
Between 2009 and 2024, the median household income in Temple, Texas rose 51%, from $45,372 to $68,660. Over the same years, income here lagged behind Texas as a whole: +51% against +64%.
What was the median household income in Temple in 2023?
In 2023, the median household income in Temple, Texas was $65,483, up 5% from $62,238 in 2022. The Texas median that year was $76,528.
What was the median household income in Temple in 2020?
In 2020, the median household income in Temple, Texas was $55,506. By 2024 it had risen 24% to $68,660.
What is the Gini coefficient in Temple, Texas?
The Gini coefficient in Temple is 0.530. 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 Temple, Texas?
Since 2009, the income gap between men and women in Temple, Texas has narrowed from about 24% to 13% in 2024. Over that period the gap was narrowest at 7% in 2014. In dollar terms, the gap has narrowed by $1,669 since 2009.
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