GITNUX MARKETDATA REPORT 2024

Statistics About The Average Income Austin Tx

The average income in Austin, TX is $75,405 per year according to recent statistics.

Last Updated: June 18, 2024

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In this post, we will explore the various income statistics pertaining to Austin, Texas. From the median household income to income disparities among different demographics and neighborhoods, these statistics provide a comprehensive overview of the income landscape in the vibrant city of Austin.

Statistic 1

"The median household income in Austin, Texas as of 2019 stood at $71,576."

Statistic 2

"In Austin, the average household income grew from $66,697 in 2010 to $71,576 in 2019."

Statistic 3

"In 2019, around 10% of households in Austin had income levels over $200,000."

Statistic 4

"The average income of the wealthiest 1% of Austin citizens was 29 times that of the average income of the remaining 99%."

Statistic 5

"Austin's wealthiest residents (Top 5%) have an average income of $425,071."

Statistic 6

"The average income in Downtown Austin is $130,889."

Statistic 7

"In 2019, full-time male employees in Texas earned 1.36 times more than female employees."

Statistic 8

"The average income for a person in Austin, TX with a bachelor's degree is approximately $58,140."

Statistic 9

"Austin has a GINI index of 0.478, indicating a higher level of income inequality compared to the national average."

Statistic 10

"In Greater Austin, the average salary for Software Engineers is $93,597."

Statistic 11

"The average family income in Austin was $86,220 as per the Census Bureau's 2011-2015 American Community Survey."

Statistic 12

"In Travis County, where Austin is located, the annual median family income for a family of four is $77,800."

Statistic 13

"In Austin, 31.7% of individuals 25 years and above have a bachelor's degree or higher."

Statistic 14

"Austin's per capita income in the past 12 months (in 2019 dollars) was $42,710."

Statistic 15

"The median personal earnings for Austin workers is $38,782 annually."

Statistic 16

"Approximately 18% of households in Austin have an annual income below $25,000."

Statistic 17

"The average salary in the biotechnology field in Austin is $75,428."

Statistic 18

"The average income in West University, Austin, one of the richest districts, is $207,276."

The statistics on household incomes in Austin, Texas paint a complex picture of the city’s economic landscape. While the median household income has experienced a steady increase over the years, reaching $71,576 in 2019, there remains significant income inequality within the city. The disparities are evident in various aspects such as the concentration of wealth among the top 1% and the top 5% of residents, as well as the substantial differences in earnings between male and female employees. Additionally, the variations in income based on educational attainment and occupation highlight the diverse opportunities and challenges faced by different segments of the population. Lastly, Austin’s GINI index of 0.478 underscores the city’s higher level of income inequality compared to the national average, indicating the need for targeted policies to address these disparities and ensure more equitable economic outcomes for all residents.