Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Travis County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,507 | $76,510 | $78,145 |
| Median Personal Income | $72,816 | $58,415 | $61,726 |
| Average income growth | 5.9% | 4.8% | 5.1% |
| Six-Figure Earners | 21.2% | 12.4% | 13.2% |
The median household income in Travis County is about 27% higher than in Texas. Income has been growing faster in Travis County (5.9%/yr) than in Texas (4.8%/yr).
About 21% of adults in Travis County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Travis County, Texas grew by 78.1% from 2009 to 2023, reaching $97,507 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Travis County | Gender Pay Gap | Gini Coefficient
| Metric | Travis County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.555 | 0.587 | 0.570 |
| Male Median Income | $81,577 | $64,517 | $67,746 |
| Female Median Income | $64,826 | $51,419 | $54,793 |
| Gender Pay Gap | 20.5% | 20.3% | 19.1% |
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 Travis County, it is 0.555, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 26% more than women's income in Travis County, Texas. Over a 35-year career, a 26% wage gap accumulates to roughly $586,285 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Travis County, Texas has widened from about 12% to 21% in 2023. In dollar terms, the gap has widened by $11,201 since 2009.
Employment
| Metric | Travis County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.1% | 5.2% |
| Working from Home | 27.2% | 12.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 33,861 people are unemployed in Travis County, Texas.
The average commute time in Travis County is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Travis County, Texas has fallen from 6.8% to 4.3% in 2023.
Conclusion
Considering all these factors, Travis County, 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 Travis County, Texas.
How Rich Is Travis County, Texas?
Travis County 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 $97,507, about 27% higher than the Texas average of $76,510.
What is the current median household income in Travis County, Texas?
As of 2023, the median household income in Travis County, Texas is $97,507.
What was the median household income in Travis County in 2023?
In 2023, the median household income in Travis County, Texas was $97,507.
What was the median household income in Travis County in 2020?
In 2020, the median household income in Travis County, Texas was $81,744.
What is the Gini coefficient in Travis County, Texas?
The Gini coefficient in Travis County is 0.555. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Travis County, Texas?
Since 2009, the income gap between men and women in Travis County, Texas has widened from about 12% to 21% in 2023. In dollar terms, the gap has widened by $11,201 since 2009.