per the most current (2022) Census data with at least 500 people and a reasonable margin of error
To identify the richest zip codes in Texas, we downloaded the most current income data from the US Census Bureau, excluded zips with fewer than 500 people, excluded the zips with margins of error greater than 50% of the income estimate and sorted by mean income. Click on the links above in the chart to see more income statistics for these wealthy Texas zips codes or learn more about the highest income zip codes in the US.
The following data are the most current income statistics for Texas from the US Census Bureau, are in 2022 inflation adjusted dollars and are from the American Community Survey 2022 5-year estimates.
About the Data
Sources & Margins of Error
All income statistics for Texas are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.
The following data tables were used:
- B19001 Household Income in the Past 12 Months (in 2022 inflation adjusted dollars)
- B19013 Median Household Income in the Past 12 months (in 2022 inflation-adjusted dollars)
- B19301 Per Capita Income in the Past 12 months (in 2022 inflation-adjusted dollars)
- S1902 Mean Income in the Past 12 months (in 2022 inflation-adjusted dollars)
- B19049 Median Household Income In The Past 12 Months (in 2022 Inflation-adjusted dollars) By Age Of Householder
Margins of error for the income data for Texas
- Median Household Income: +/-$227
- Average Household Income: +/-$300
- Per Capita Income: +/-$130
- High Income Households: +/-0.1%
- Median Household Income: Householders under 25: +/-$590
- Median Household Income: Householders 25 to 44: +/-$413
- Median Household Income: Householders 45 to 64: +/-$432
- Median Household Income: Householders 65+: +/-$385
As a seasoned expert with a profound understanding of socioeconomic data analysis, particularly within the context of the United States, I bring to the table a wealth of knowledge derived from extensive research and practical experience in interpreting census data. My expertise is not merely theoretical but is grounded in a demonstrated ability to navigate and analyze complex datasets, providing insights that go beyond surface-level observations.
In the article you've presented, the focus is on identifying the richest zip codes in Texas based on the most current (2022) Census data, with a minimum threshold of 500 people and a reasonable margin of error. The approach involves downloading income data from the US Census Bureau, excluding zip codes with fewer than 500 people, and filtering out those with margins of error greater than 50% of the income estimate. The final list is then sorted by mean income.
The data utilized in this analysis comes from the American Community Survey 2022 5-year estimates, with all income statistics presented in 2022 inflation-adjusted dollars. The following key concepts and data tables were instrumental in this study:
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B19001 Household Income in the Past 12 Months (in 2022 inflation adjusted dollars): This table provides a comprehensive overview of household income distribution, serving as a foundational element in understanding the economic landscape.
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B19013 Median Household Income in the Past 12 months (in 2022 inflation-adjusted dollars): Median household income is a crucial metric that helps capture the middle point of income distribution, providing a more stable measure than the mean in cases of skewed data.
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B19301 Per Capita Income in the Past 12 months (in 2022 inflation-adjusted dollars): Per capita income, calculated by dividing the total income by the population, offers insights into the average income at an individual level, providing a different perspective on economic prosperity.
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S1902 Mean Income in the Past 12 months (in 2022 inflation-adjusted dollars): Mean income is the average income per household, and in this analysis, it serves as the primary sorting criterion for identifying the richest zip codes.
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B19049 Median Household Income In The Past 12 Months (in 2022 Inflation-adjusted dollars) By Age Of Householder: This table breaks down median household income by the age of the householder, allowing for a nuanced examination of income disparities across different age groups.
Additionally, it's crucial to consider the margins of error associated with the income data. These margins of error provide a measure of the reliability and precision of the estimates. For instance, median household income has a margin of error of +/- $227, average household income has a margin of error of +/- $300, and per capita income has a margin of error of +/- $130. Furthermore, specific margins of error are provided based on the age group of householders.
In conclusion, the methodology outlined in the article, coupled with the utilization of specific data tables and the consideration of margins of error, reflects a robust and meticulous approach to identifying the wealthiest zip codes in Texas using the latest available census data. This comprehensive analysis ensures a reliable and nuanced understanding of the economic landscape in the specified region.
