Lipscomb County, Texas

Income Data

+10% vs. Texas average
$71,442
Median Household Income
$34,127
Per Capita Income

At a Glance

Median Household Income
$71,442
+10% vs. state avg
Per Capita Income
$34,127
-14% vs. national
Income-to-Housing Ratio
55.6%
income as % of home value
Rank in Texas
#63 / 253
by median household income

How Lipscomb County Compares

Lipscomb County$71,442
Texas Average$64,737
National Median$74,755

Detailed Income Statistics

$71,442
Median Household Income
$34,127
Per Capita Income
$128,400
Median Home Value
55.6%
Income-to-Housing Ratio

Data Story

About Household Income in Lipscomb County, Texas

Lipscomb keeps pace with America

Lipscomb County's median household income of $71,442 sits just 5% below the national median of $74,755, making it one of the strongest earners among the eight counties profiled. The relatively small $3,313 gap reflects robust local employment and wages.

Above Texas average income

Lipscomb's $71,442 median household income exceeds Texas's state average of $64,737 by roughly $6,700, positioning the county in the upper third of Texas counties. Per capita income of $34,127 also surpasses the state average of $33,197.

Lipscomb leads the regional pack

Lipscomb County outearns all seven peer counties, with the next-closest being Llano County at $65,636. The $5,800+ income advantage reflects stronger local industries and economic activity in the Texas Panhandle.

Best affordability in the group

Lipscomb boasts the lowest rent-to-income ratio at 13.6%—well below the 30% affordability threshold—and a median home value of $128,400. Higher income combined with lower housing costs creates the most favorable financial flexibility in this county cohort.

Maximize wealth-building advantage

Lipscomb residents enjoy the best position to invest aggressively, with above-average income and below-average housing costs freeing up capital. Maximize tax-deferred savings in 401(k)s and IRAs, then consider real estate or index fund investments to accelerate wealth.

Frequently Asked Questions

What is the median household income in Lipscomb County, Texas?
The median household income in Lipscomb County, Texas is $71,442, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Lipscomb County?
The per capita income in Lipscomb County is $34,127, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $71,442.
How does Lipscomb County compare to the Texas average?
Lipscomb County's median household income of $71,442 is higher than the Texas state average of $64,737. The per capita income is $34,127, compared to the state average of $33,197.
What is the per capita income in Lipscomb County, Texas?
The per capita income in Lipscomb County, Texas is $34,127, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Lipscomb County income higher than the Texas average?
Lipscomb County's median household income of $71,442 is higher than the Texas average of $64,737. This difference of $6,705 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Lipscomb County rank for income in Texas?
Lipscomb County ranks #63 out of 253 counties in Texas by median household income (1 = highest). With a median household income of $71,442 and per capita income of $34,127, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Lipscomb County

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Your income is above the Lipscomb County median

County median: $71,442 per year

vs. County Median

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vs. State Average

+10%

vs. National Median

-4%

vs. Lipscomb County MedianAbout equal
vs. Texas Average10% above
vs. National Median4% below

Income Adequacy

Monthly income covers median rent7.4x

Your monthly income ($5,954) vs. median rent ($807/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.