Watauga, Texas Income Statistics
Watauga 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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B
Watauga Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,733 | $78,939 | $80,455 |
| Median Personal Income | $54,020 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.6% | 4.8% |
| Six-Figure Earners | 8.0% | 13.0% | 13.9% |
| $200k+ Households | 5.2% | 12.5% | 13.2% |
The median household income in Watauga is about 17% higher than in Texas. Income has been growing slower in Watauga (4.2%/yr) than in Texas (4.6%/yr).
About 8% of adults in Watauga 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 Watauga, Texas grew by 44.4% from 2009 to 2024, reaching $92,733 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Watauga
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.570 | 0.552 |
| Male Median Income | $61,908 | $66,147 | $69,667 |
| Female Median Income | $53,180 | $53,058 | $56,850 |
| Gender Pay Gap | 14.1% | 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 Watauga, it is 0.499, 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 16% more than women's income in Watauga, Texas. Over a 35-year career, a 16% wage gap accumulates to roughly $305,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Watauga, Texas has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 27% in 2011, and was narrowest at 9% in 2022. In dollar terms, the gap has narrowed by $1,782 since 2009.
Employment
| Metric | Watauga | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 5.2% | 5.2% |
| Working from Home | 15.8% | 14.4% | 15.0% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 617 people are unemployed in Watauga, Texas.
The average commute time in Watauga is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Watauga, Texas has fallen from 6.2% to 5.1% in 2024. Over that period the rate peaked at 7.3% in 2013 and fell as low as 4.2% in 2020.
Watauga, TX Wealth Compared With Nearby Cities
Watauga, TX is the smallest of the 5 cities compared here, 21,886 residents against a local median of 43,155. The measure that sets Watauga, TX apart most is unemployment: 5.1%, 61% above the local median of 3.2%. That is the weaker end of the local range on this measure.
The cities themselves sit within 1.2% of each other on unemployment, a tighter band than the gap between any of them and Watauga, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Watauga, TX has the 5th lowest unemployment of the 5 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Watauga, TX | 21,886 | $92,733 #3/5 | 4.2%/yr #3/5 | 5.1% #5/5 | 0.499 #1/5 |
| North Richland Hills, TX | 71,246 | $97,487 | 5.3%/yr | 3.2% | 0.522 |
| Haltom City, TX | 45,218 | $59,869 | 3.2%/yr | 3.7% | 0.520 |
| Keller, TX | 41,093 | $164,747 | 4.7%/yr | 2.5% | 0.539 |
| Hurst, TX | 39,545 | $72,582 | 2.9%/yr | 3.1% | 0.524 |
Conclusion
Considering all these factors, Watauga, 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 Watauga, Texas.
How Rich Is Watauga, Texas?
Watauga 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 $92,733, about 17% higher than the Texas average of $78,939.
How has median household income changed in Watauga, Texas?
Between 2009 and 2024, the median household income in Watauga, Texas rose 44%, from $64,241 to $92,733. Over the same years, income here lagged behind Texas as a whole: +44% against +64%.
What was the median household income in Watauga in 2023?
In 2023, the median household income in Watauga, Texas was $91,925, up 3% from $89,032 in 2022. The Texas median that year was $76,528.
What was the median household income in Watauga in 2020?
In 2020, the median household income in Watauga, Texas was $76,824. By 2024 it had risen 21% to $92,733.
What is the Gini coefficient in Watauga, Texas?
The Gini coefficient in Watauga is 0.499. 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 Watauga, Texas?
Since 2009, the income gap between men and women in Watauga, Texas has narrowed from about 23% to 14% in 2024. Over that period the gap was widest at 27% in 2011, and was narrowest at 9% in 2022. In dollar terms, the gap has narrowed by $1,782 since 2009.
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