Texas Income Statistics
Texas Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
-
C
Texas Below average
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Texas
- Rockwall County (124% of U.S. avg)
- Collin County (122% of U.S. avg)
- Denton County (118% of U.S. avg)
- Kenedy County (59% of U.S. avg)
- Hudspeth County (62% of U.S. avg)
- Jones County (64% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Texas | US Average |
|---|---|---|
| Median Household Income | $78,939 | $80,455 |
| Median Personal Income | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.8% |
| Six-Figure Earners | 13.0% | 13.9% |
| $200k+ Households | 12.5% | 13.2% |
The median household income in Texas is about 2% lower than in US. Income has been growing slower in Texas (4.6%/yr) than in US (4.8%/yr).
About 13% of adults in Texas earn six figures ($100,000 or more) a year, lower than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Texas grew by 63.8% from 2009 to 2024, reaching $78,939 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Texas
| Metric | Texas | US Average |
|---|---|---|
| Gini Coefficient | 0.570 | 0.552 |
| Male Median Income | $66,147 | $69,667 |
| Female Median Income | $53,058 | $56,850 |
| Gender Pay Gap | 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 Texas, it is 0.570, higher than US's 0.552, so income is less evenly distributed here than there.
Men's income is about 25% more than women's income in Texas. Over a 35-year career, a 25% wage gap accumulates to roughly $458,115 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Texas has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 21% in 2010, and was narrowest at 19% in 2020. In dollar terms, the gap has widened by $4,660 since 2009.
Employment
| Metric | Texas | US Average |
|---|---|---|
| Unemployment Rate | 5.2% | 5.2% |
| Working from Home | 14.4% | 15.0% |
| Commute time (minutes) | 22 | 22 |
Approximately 801,455 people are unemployed in Texas.
The average commute time in Texas is 22 minutes, about the same as in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Texas has fallen from 7.2% to 5.2% in 2024. Over that period the rate peaked at 8.0% in 2013 and fell as low as 5.0% in 2019.
Texas Wealth Compared With Nearby States
Texas is the largest of the 6 states compared here, 30,160,889 residents against a local median of 3,049,066. Where Texas breaks from the states next to it is median household income, sitting 22% above the local median of $64,523 at $78,939. That is the better end of the local range on this measure.
The states themselves spread $13,353 on median household income, so Texas sits at one end of an already wide local range rather than apart from it. Texas has the highest median household income of the 6 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. |
|---|---|---|---|---|---|
| Texas | 30,160,889 | $78,939 #1/6 | 4.6%/yr #2/6 | 5.2% #4/6 | 0.570 #5/6 |
| Oklahoma | 4,028,385 | $65,606 | 3.9%/yr | 4.9% | 0.553 |
| Kansas | 2,945,842 | $74,287 | 4.1%/yr | 3.8% | 0.525 |
| New Mexico | 2,118,085 | $64,523 | 4.4%/yr | 5.9% | 0.567 |
| Louisiana | 4,610,276 | $60,934 | 3.7%/yr | 6.2% | 0.574 |
| Arkansas | 3,049,066 | $60,940 | 4.6%/yr | 4.9% | 0.551 |
Conclusion
Considering all these factors, Texas has an overall wealth index grade of C, making it about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Texas.
How Rich Is Texas?
Texas 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 $78,939, about 2% lower than the US average of $80,455.
How fast is household income rising in Texas?
Between 2009 and 2024, the median household income in Texas rose 64%, from $48,196 to $78,939. Over the same years, income here outpaced the U.S. as a whole: +64% against +57%.
What was the median household income in Texas in 2023?
In 2023, the median household income in Texas was $76,528, up 5% from $73,206 in 2022. The US median that year was $78,147.
What was the median household income in Texas in 2020?
In 2020, the median household income in Texas was $64,272. By 2024 it had risen 23% to $78,939.
What is the Gini coefficient in Texas?
The Gini coefficient in Texas is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Texas?
The income gap between men and women in Texas has stayed about the same since 2009, at around 20%. Over that period the gap was widest at 21% in 2010, and was narrowest at 19% in 2020. In dollar terms, the gap has widened by $4,660 since 2009.
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