Waxahachie, Texas Income Statistics
Waxahachie 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
Waxahachie Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,255 | $78,939 | $80,455 |
| Median Personal Income | $53,134 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.9% | 4.6% | 4.8% |
| Six-Figure Earners | 10.6% | 13.0% | 13.9% |
| $200k+ Households | 9.3% | 12.5% | 13.2% |
The median household income in Waxahachie is about 5% higher than in Texas. Income has been growing faster in Waxahachie (4.9%/yr) than in Texas (4.6%/yr).
About 11% of adults in Waxahachie 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 Waxahachie, Texas grew by 71.0% from 2009 to 2024, reaching $83,255 in 2024. That's an average of about 4.9% per year.
Income Inequality and the Gender Pay Gap in Waxahachie
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.570 | 0.552 |
| Male Median Income | $65,630 | $66,147 | $69,667 |
| Female Median Income | $50,745 | $53,058 | $56,850 |
| Gender Pay Gap | 22.7% | 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 Waxahachie, it is 0.538, 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 29% more than women's income in Waxahachie, Texas. Over a 35-year career, a 29% wage gap accumulates to roughly $520,975 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Waxahachie, Texas has narrowed from about 26% to 23% in 2024. Over that period the gap was narrowest at 11% in 2013. In dollar terms, the gap has widened by $3,748 since 2009.
Employment
| Metric | Waxahachie | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.2% | 5.2% |
| Working from Home | 10.5% | 14.4% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 686 people are unemployed in Waxahachie, Texas.
The average commute time in Waxahachie is 21 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Waxahachie, Texas has fallen from 6.9% to 3.5% in 2024. Over that period the rate peaked at 7.8% in 2014 and fell as low as 2.6% in 2021.
Conclusion
Considering all these factors, Waxahachie, 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 Waxahachie, Texas.
How Rich Is Waxahachie, Texas?
Waxahachie 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 $83,255, about 5% higher than the Texas average of $78,939.
How has median household income changed in Waxahachie, Texas?
Between 2009 and 2024, the median household income in Waxahachie, Texas rose 71%, from $48,698 to $83,255. Over the same years, income here outpaced Texas as a whole: +71% against +64%.
What was the median household income in Waxahachie in 2023?
In 2023, the median household income in Waxahachie, Texas was $80,787, up 2% from $79,102 in 2022. The Texas median that year was $76,528.
What was the median household income in Waxahachie in 2020?
In 2020, the median household income in Waxahachie, Texas was $68,138. By 2024 it had risen 22% to $83,255.
How strong is the job market in Waxahachie, Texas?
Unemployment in Waxahachie, Texas is only 3.5%, 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 Waxahachie, Texas?
The Gini coefficient in Waxahachie is 0.538. 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 Waxahachie, Texas?
Since 2009, the income gap between men and women in Waxahachie, Texas has narrowed from about 26% to 23% in 2024. Over that period the gap was narrowest at 11% in 2013. In dollar terms, the gap has widened by $3,748 since 2009.
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