Timberwood Park, Texas Income Statistics
Timberwood Park 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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A
Timberwood Park Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $151,734 | $78,939 | $80,455 |
| Median Personal Income | $91,159 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 25.2% | 13.0% | 13.9% |
| $200k+ Households | 33.1% | 12.5% | 13.2% |
The median household income in Timberwood Park is about 92% higher than in Texas. Income has been growing slower in Timberwood Park (4.2%/yr) than in Texas (4.6%/yr).
About 25% of adults in Timberwood Park 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 Timberwood Park, Texas grew by 39.1% from 2009 to 2024, reaching $151,734 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Timberwood Park
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.570 | 0.552 |
| Male Median Income | $103,562 | $66,147 | $69,667 |
| Female Median Income | $81,291 | $53,058 | $56,850 |
| Gender Pay Gap | 21.5% | 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 Timberwood Park, it is 0.545, 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 27% more than women's income in Timberwood Park, Texas. Over a 35-year career, a 27% wage gap accumulates to roughly $779,485 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Timberwood Park, Texas has narrowed from about 38% to 22% in 2024. In dollar terms, the gap has narrowed by $8,701 since 2009.
Employment
| Metric | Timberwood Park | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.2% | 5.2% |
| Working from Home | 24.1% | 14.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 795 people are unemployed in Timberwood Park, Texas.
The average commute time in Timberwood Park is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Timberwood Park, Texas has risen from 4.4% to 4.6% in 2024. Over that period the rate peaked at 5.7% in 2013 and fell as low as 3.2% in 2020.
Conclusion
Considering all these factors, Timberwood Park, Texas has an overall wealth index grade of A, making it far better than Texas, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Timberwood Park, Texas.
How Rich Is Timberwood Park, Texas?
Timberwood Park 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 $151,734, about 92% higher than the Texas average of $78,939.
How fast is household income rising in Timberwood Park, Texas?
Between 2009 and 2024, the median household income in Timberwood Park, Texas rose 39%, from $109,120 to $151,734. Over the same years, income here lagged behind Texas as a whole: +39% against +64%.
What was the median household income in Timberwood Park in 2023?
In 2023, the median household income in Timberwood Park, Texas was $147,578, up 11% from $133,408 in 2022. The Texas median that year was $76,528.
What was the median household income in Timberwood Park in 2020?
In 2020, the median household income in Timberwood Park, Texas was $114,973. By 2024 it had risen 32% to $151,734.
How many people earn six figures in Timberwood Park, Texas?
Yes. 25% of adults in Timberwood Park, Texas earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Texas. 33% of households have a combined income of $200,000 or more, compared with 12% in Texas.
What is the Gini coefficient in Timberwood Park, Texas?
The Gini coefficient in Timberwood Park is 0.545. 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 Timberwood Park, Texas?
Since 2009, the income gap between men and women in Timberwood Park, Texas has narrowed from about 38% to 22% in 2024. In dollar terms, the gap has narrowed by $8,701 since 2009.
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