Weatherford, Texas Income Statistics
Weatherford 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
Weatherford Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Weatherford | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,523 | $78,939 | $80,455 |
| Median Personal Income | $52,392 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.8% | 4.6% | 4.8% |
| Six-Figure Earners | 11.0% | 13.0% | 13.9% |
| $200k+ Households | 8.1% | 12.5% | 13.2% |
The median household income in Weatherford is about 11% lower than in Texas. Income has been growing slower in Weatherford (2.8%/yr) than in Texas (4.6%/yr).
About 11% of adults in Weatherford 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 Weatherford, Texas grew by 57.0% from 2009 to 2024, reaching $70,523 in 2024. That's an average of about 2.8% per year.
Income Inequality and the Gender Pay Gap in Weatherford
| Metric | Weatherford | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.570 | 0.552 |
| Male Median Income | $63,047 | $66,147 | $69,667 |
| Female Median Income | $48,358 | $53,058 | $56,850 |
| Gender Pay Gap | 23.3% | 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 Weatherford, it is 0.548, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 30% more than women's income in Weatherford, Texas. Over a 35-year career, a 30% wage gap accumulates to roughly $514,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Weatherford, Texas has widened from about 19% to 23% in 2024. Over that period the gap was widest at 36% in 2020. In dollar terms, the gap has widened by $7,418 since 2009.
Employment
| Metric | Weatherford | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.2% | 5.2% |
| Working from Home | 10.0% | 14.4% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 547 people are unemployed in Weatherford, Texas.
The average commute time in Weatherford is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Weatherford, Texas has fallen from 6.4% to 4.2% in 2024. Over that period the rate peaked at 7.5% in 2013.
Conclusion
Considering all these factors, Weatherford, 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 Weatherford, Texas.
How Rich Is Weatherford, Texas?
Weatherford 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 $70,523, about 11% lower than the Texas average of $78,939.
Are incomes growing in Weatherford, Texas?
Between 2009 and 2024, the median household income in Weatherford, Texas rose 57%, from $44,928 to $70,523. Over the same years, income here lagged behind Texas as a whole: +57% against +64%.
What was the median household income in Weatherford in 2023?
In 2023, the median household income in Weatherford, Texas was $68,828, up 1% from $68,092 in 2022. The Texas median that year was $76,528.
What was the median household income in Weatherford in 2020?
In 2020, the median household income in Weatherford, Texas was $61,871. By 2024 it had risen 14% to $70,523.
Is unemployment high in Weatherford, Texas?
Unemployment in Weatherford, Texas is only 4.2%, 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 Weatherford, Texas?
The Gini coefficient in Weatherford is 0.548. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Weatherford, Texas?
Since 2009, the income gap between men and women in Weatherford, Texas has widened from about 19% to 23% in 2024. Over that period the gap was widest at 36% in 2020. In dollar terms, the gap has widened by $7,418 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →