Woodlands residents top U.S. with highest income increase in 2022, per new report (2024)

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Woodlands residents top U.S. with highest income increase in 2022, per new report? ›

The median income for workers in The Woodlands in 2022 was $137,335, which is a staggering 31.06 percent increase over the previous year's median income of $104,787. The Woodlands' income growth rate is more than three times the average median income growth across all major U.S. cities, the study says.

About. In 2022, The Woodlands, TX had a population of 118k people with a median age of 40.7 and a median household income of $142,384. Between 2021 and 2022 the population of The Woodlands, TX grew from 115,716 to 118,402, a 2.32% increase and its median household income grew from $130,011 to $142,384, a 9.52% increase ...

The Woodlands has a 2024 population of 122,494. The Woodlands is currently growing at a rate of 1.7% annually and its population has increased by 6.95% since the most recent census, which recorded a population of 114,532 in 2020. The average household income in The Woodlands is $196,603 with a poverty rate of 5.67%.

Real median household income was $80,610 in 2023, a 4.0% increase from the 2022 estimate of $77,540. This is the first statistically significant annual increase in real median household income since 2019.

In 2022, there were 2.03 times more White (Non-Hispanic) residents (2.43M people) in Houston-The Woodlands-Sugar Land, TX than any other race or ethnicity. There were 1.2M Black or African American (Non-Hispanic) and 1.17M White (Hispanic) residents, the second and third most common ethnic groups.

Explore The Woodlands, TX

There are 14 neighborhoods in The Woodlands. East Shore has a median listing home price of $1.4M, making it the most expensive neighborhood. College Park is the most affordable neighborhood, with a median listing home price of $369.9K.

The cost of living in The Woodlands is higher than the national average and has a cost of living index of 117. This is primarily due to its high home values—The Woodlands is one of the most expensive Houston suburbs thanks to its abundance of luxury homes.

Average Salary in The Woodlands, TX. $41,261 is the 25th percentile. Salaries below this are outliers. $69,954 is the 75th percentile.

77.3% of The Woodlands' population was white (non-Hispanic and Hispanic or Latino), 4.2% was black or African American, 0.1% was American Indian and Alaska Native, 6.7% was Asian, 0.1% was Native Hawaiian and Other Pacific Islander, 9.1% was of two or more races, 17.9% was Hispanic or Latino, and 67.9% was white (non- ...

What percent of Americans make over 100k? ›

One estimate found that the median U.S. household income is $77,397. Only 18% of individual Americans make more than $100,000 a year, according to 2023 data from careers website Zippia. About 34% of U.S. households earn more than $100,000 a year, according to Zippia.

Houston-The Woodlands comes in as the fifth in Texas for millionaires — No. 133 in the nation — with 120,841 millionaire households, making up almost 5.5 percent of the overall population.

Yes, The Woodlands is viewed as a rich area. Back in 2004, when looking at the Houston market overall, 30% was priced below $150k. The starting cost to build in The Woodlands was $160k, yet the average home was $270k. There are still affordable housing options today, depending on how you define affordable.

The Woodlands is well known for its extensive parks and recreation, golf, corporate headquarters, schools, places of worship, shopping, dining, hospitality, healthcare and much more.

The Woodlands receives A+ grade for public schools, job opportunities and family-friendly environment. The Woodlands has been ranked as the #1 best city in the United States to buy a house for the second consecutive year, according to the newly released survey by Niche.com.

The threshold in the Dallas-Fort Worth metro area to be rich is about $143,000 per year, while it's closer to $150,000 in the Austin metro area. Those numbers pale in comparison to what Americans think they need to make to feel rich, a survey conducted by personal finance website Bankrate found.

The Woodlands ranks #3 in 'Best Cities to Live in America'