Southlake Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Southlake, Texas? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Southlake, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Southlake is $250,001.00.

The chart below shows the average household income by age in Southlake.

• Under 25
  $0.00
• 25 to 44
  $250,001.00
• 45 to 64
  $250,001.00
• 65 and over
  $108,725.00

Average Household Income

A very commonly asked question is "what is the average household income in Southlake, Texas?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Southlake is $360,078.00.

64.34% of households in Southlake, Texas are classed as high income households (making $200,000+ per year).

Household Income Tiers for Southlake

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Southlake, Texas easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  3.05%
• $25,000 to $49,999
  4.23%
• $50,000 to $74,999
  3.53%
• $75,000 to $99,999
  4.24%
• $100,000 to $149,999
  9.01%
• $150,000 to $199,999
  11.60%
• $200,000 or more
  64.34%

Per Capita Income

The per capita income is the average income of all people in Southlake, Texas. This is calculated by dividing the total income of all people in Southlake by the total number of people in Southlake.

It differs from the average or mean household income because it includes all people in Southlake and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Southlake, Texas is $110,228.00.

Population in Southlake by Race and Ethnicity

The total population in Southlake is currently 30,779 people.

The race and ethnicity of the population in Southlake can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Southlake, Texas.

• 3.70% White
  1,152
• 91.10% Black/African American
  28,047
• 69.60% Native
  21,426
• 2.80% Hispanic
  866
• 1.30% Asian
  402
• 0.00% Hawaiian/Pacific Islander
  6
• 0.00% Two or more races
  0
• 17.00% Other
  5,223

Population of Southlake by Age and Gender

Another very important demographics statistic for Southlake, Texas is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Southlake, Texas.

• Master's degree or higher
  30.30%
• Bachelor's degree
  55.01%
• Some college or associate's degree
  4.38%
• High school diploma or equivalent
  9.12%
• Less than high school diploma
  1.20%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Southlake because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Southlake look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Southlake, Texas that are over the age of 16.

The current population in Southlake that are over the age of 16 is 22,127 people.

The unemployment rate in Southlake is 2.50%, which means 334 people are unemployed.

Median Age in Southlake

The median age is an interesting metric because it gives us an idea of the age distribution of people in Southlake, Texas. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Southlake is 42.3 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Southlake

42.3

Total

43.4

Male

41.3

Female

Households and Families

There are a total of 9,298 households in Southlake, and the average household size is 3.3 people.

For families, the total number is 8,501, and the average family size is 3.47 people.

2.10% of those families in Southlake, Texas are living below the poverty line.

The table below shows the poverty thresholds for Southlake in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Southlake, Texas for each type, as well as the average sizes.

Housing Data in Southlake

There are total of 9,738 housing units in Southlake, Texas. Of those units, 9,298 (95.48%) are occupied, and 440 (4.52%) are vacant.

Rental Rates

Of the 9,738 housing units in Southlake, 421 (4.32%) are occupied by renters. The median rent paid by renters is $2,518.00.

Owner occupied housing units make up the remaining 90.71% of housing units, with 8,833 housing units in total.

The table below breaks down how much rent is paid by renters in Southlake, Texas.

• No rent paid
  44
• Less than $500
  43
• $500 to $999
  0
• $1,000 to $1,499
  41
• $1,500 to $1,999
  85
• $2,000 to $2,499
  41
• $2,500 to $2,999
  14
• $3,000 or more
  197

Property Values

The median value of a property in Southlake is $854,900.00.

The table below breaks down the range of valuations for all properties in Southlake.

• Less than $50,000
  113
• $50,000 to $99,999
  22
• $100,000 to $149,999
  34
• $150,000 to $199,999
  0
• $200,000 to $299,999
  143
• $300,000 to $499,999
  474
• $500,000 to $999,999
  4,975
• $1,000,000 or more
  3,072

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Southlake, Texas.

• 1939 or earlier
  45
• 1940 to 1949
  62
• 1950 to 1959
  93
• 1960 to 1969
  87
• 1970 to 1979
  423
• 1980 to 1989
  1,171
• 1990 to 1999
  4,334
• 2000 to 2009
  1,719
• 2010 to 2013
  1,684
• 2014 or later
  120

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Southlake has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  174
• 1 vehicle available
  840
• 2 vehicles available
  5,207
• 3 or more vehicles available
  3,077

Commuting to Work in Southlake

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Southlake, Texas, how they commute, and how that correlates to other data points.

The average travel time is 26.1 minutes, and the chart below covers the range of travel times across the population of Southlake.

• Less than 5 minutes
  225
• 5 to 9 minutes
  795
• 10 to 14 minutes
  902
• 15 to 19 minutes
  840
• 20 to 24 minutes
  1,320
• 25 to 29 minutes
  811
• 30 to 34 minutes
  1,551
• 35 to 39 minutes
  818
• 40 to 44 minutes
  805
• 45 to 59 minutes
  769
• 60 to 89 minutes
  296
• 90 or more minutes
  28

We can also look at the means of transport in Southlake to see which modes of transport people are using to commute to work.

• Drove alone
  8,314
• Carpooled
  632
• Public transportation
  28
• Walked
  8
• Other means
  178
• Worked from home
  3,669

Conclusion

Hopefully this article has given you the demographics data you were looking for in Southlake, Texas.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Southlake.

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