The Colony, Texas Income Statistics
The Colony 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.
-
A
The Colony Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | The Colony | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $116,353 | $78,939 | $80,455 |
| Median Personal Income | $70,233 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.6% | 4.8% |
| Six-Figure Earners | 20.5% | 13.0% | 13.9% |
| $200k+ Households | 18.4% | 12.5% | 13.2% |
The median household income in The Colony is about 47% higher than in Texas. Income has been growing faster in The Colony (5.0%/yr) than in Texas (4.6%/yr).
About 21% of adults in The Colony 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 The Colony, Texas grew by 37.3% from 2009 to 2024, reaching $116,353 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in The Colony
| Metric | The Colony | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.481 | 0.570 | 0.552 |
| Male Median Income | $77,508 | $66,147 | $69,667 |
| Female Median Income | $68,915 | $53,058 | $56,850 |
| Gender Pay Gap | 11.1% | 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 The Colony, it is 0.481, 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 12% more than women's income in The Colony, Texas. Over a 35-year career, a 12% wage gap accumulates to roughly $300,755 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in The Colony, Texas has narrowed from about 18% to 11% in 2024. Over that period the gap was widest at 24% in 2013, and was narrowest at 8% in 2023. In dollar terms, the gap has narrowed by $1,020 since 2009.
Employment
| Metric | The Colony | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 5.2% | 5.2% |
| Working from Home | 24.4% | 14.4% | 15.0% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 1,084 people are unemployed in The Colony, Texas.
The average commute time in The Colony is 25 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in The Colony, Texas has fallen from 6.2% to 3.9% in 2024. Over that period the rate peaked at 7.9% in 2015 and fell as low as 2.8% in 2019.
The Colony, TX Wealth Compared With Nearby Cities
How The Colony, TX compares with the 2 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. |
|---|---|---|---|---|---|
| The Colony, TX | 43,293 | $116,353 #2/3 | 5.0%/yr #1/3 | 3.9% #1/3 | 0.481 #1/3 |
| Lewisville, TX | 128,135 | $89,454 | 4.7%/yr | 4.2% | 0.523 |
| Frisco, TX | 221,418 | $148,738 | 3.3%/yr | 4.7% | 0.532 |
Conclusion
Considering all these factors, The Colony, 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 The Colony, Texas.
How Rich Is The Colony, Texas?
The Colony 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 $116,353, about 47% higher than the Texas average of $78,939.
How fast is household income rising in The Colony, Texas?
Between 2009 and 2024, the median household income in The Colony, Texas rose 37%, from $84,750 to $116,353. Over the same years, income here lagged behind Texas as a whole: +37% against +64%.
What was the median household income in The Colony in 2023?
In 2023, the median household income in The Colony, Texas was $111,213, up 3% from $107,792 in 2022. The Texas median that year was $76,528.
What was the median household income in The Colony in 2020?
In 2020, the median household income in The Colony, Texas was $91,214. By 2024 it had risen 28% to $116,353.
Do many residents of The Colony, Texas earn over $100,000?
Yes. 21% of adults in The Colony, Texas earn $100,000 or more a year (about 1 in 5), 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 The Colony, Texas?
Unemployment in The Colony, Texas is only 3.9%, 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 The Colony, Texas?
The Gini coefficient in The Colony is 0.481. 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 The Colony, Texas?
Since 2009, the income gap between men and women in The Colony, Texas has narrowed from about 18% to 11% in 2024. Over that period the gap was widest at 24% in 2013, and was narrowest at 8% in 2023. In dollar terms, the gap has narrowed by $1,020 since 2009.
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