Weslaco, Texas Income Statistics
Weslaco 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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D
Weslaco Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,072 | $78,939 | $80,455 |
| Median Personal Income | $43,818 | $56,913 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.6% | 4.8% |
| Six-Figure Earners | 5.0% | 13.0% | 13.9% |
| $200k+ Households | 4.0% | 12.5% | 13.2% |
The median household income in Weslaco is about 28% lower than in Texas. Income has been growing faster in Weslaco (6.2%/yr) than in Texas (4.6%/yr).
About 5% of adults in Weslaco 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 Weslaco, Texas grew by 90.2% from 2009 to 2024, reaching $57,072 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Weslaco
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.592 | 0.570 | 0.552 |
| Male Median Income | $56,386 | $66,147 | $69,667 |
| Female Median Income | $40,395 | $53,058 | $56,850 |
| Gender Pay Gap | 28.4% | 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 Weslaco, it is 0.592, higher than Texas's 0.570, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 40% more than women's income in Weslaco, Texas. Over a 35-year career, a 40% wage gap accumulates to roughly $559,685 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Weslaco, Texas has widened from about 7% to 28% in 2024. Over that period the gap was narrowest at 1% in 2018. In dollar terms, the gap has widened by $13,711 since 2009.
Employment
| Metric | Weslaco | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.4% | 5.2% | 5.2% |
| Working from Home | 7.7% | 14.4% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 1,115 people are unemployed in Weslaco, Texas.
The average commute time in Weslaco is 16 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Weslaco, Texas has fallen from 12.6% to 7.4% in 2024. Over that period the rate peaked at 13.6% in 2013 and fell as low as 4.2% in 2019.
Conclusion
Considering all these factors, Weslaco, Texas has an overall wealth index grade of D, making it somewhat worse than Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Weslaco, Texas.
How Rich Is Weslaco, Texas?
Weslaco has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $57,072, about 28% lower than the Texas average of $78,939.
How has median household income changed in Weslaco, Texas?
Between 2009 and 2024, the median household income in Weslaco, Texas rose 90%, from $30,007 to $57,072. Over the same years, income here outpaced Texas as a whole: +90% against +64%.
What was the median household income in Weslaco in 2023?
In 2023, the median household income in Weslaco, Texas was $53,504, up 5% from $51,109 in 2022. The Texas median that year was $76,528.
What was the median household income in Weslaco in 2020?
In 2020, the median household income in Weslaco, Texas was $45,342. By 2024 it had risen 26% to $57,072.
How strong is the job market in Weslaco, Texas?
Unemployment in Weslaco, Texas is 7.4%, well above the Texas rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Weslaco, Texas?
The Gini coefficient in Weslaco is 0.592. 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 Weslaco, Texas?
Since 2009, the income gap between men and women in Weslaco, Texas has widened from about 7% to 28% in 2024. Over that period the gap was narrowest at 1% in 2018. In dollar terms, the gap has widened by $13,711 since 2009.
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