Living in Dripping Springs, Texas
Cost of living, income, home prices, rent and demographics of Dripping Springs · Census data 2020–2024
Dripping Springs has 7,405 residents with a median age of 38.5. The median household income is $109,364 (39% higher than the Texas median), the median home value is $635,600, the median rent is $2,234/month.
Dripping Springs at a glance
- Population
- 7,405
- Median age
- 38.5State: 35.6
- Median household income
- $109,364State: $78,476
- Median home value
- $635,600State: $283,800
- Median rent
- $2,234/moState: $1,403
- Homeowners
- 48.8%
- Bachelor's degree or higher
- 67.8%
- Average commute
- 27 min
Is Dripping Springs a good place to live?
Pros: Median household income 39% higher than the Texas median; unemployment of 3.4%; a poverty rate of 2.1%.
Cons: Home values 124% higher than the state median; an average commute of 27 minutes.
The weather is best in March–April and October–November.
Cost of living in Dripping Springs
Housing is the biggest part of the cost of living. In Dripping Springs the median home value is $635,600, 91% higher than the U.S. median. Renters pay a median of $2,234 per month, which is 30% of household income. Homeowners with a mortgage pay $2,948 a month in housing costs.
Dripping Springs median household income
The median household income in Dripping Springs is $109,364 and the income per person is $65,218. 2.1% of residents live below the poverty line (Texas: 13.8%).
Housing in Dripping Springs: homes for sale and rent
- Housing units
- 3,127
- Owner-occupied
- 48.8%
- Renter-occupied
- 51.2%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 2013
- Average household size
- 2.44
Dripping Springs demographics
- Population
- 7,405
- Median age
- 38.5
- Under 18
- 31.8%
- 65 and older
- 16.2%
- Households
- 3,015
- Foreign-born
- 8.5%
- Veterans
- 6.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Dripping Springs ›
Education in Dripping Springs
67.8% of adults 25 and older in Dripping Springs have a bachelor's degree or higher (Texas: 33.8%), and 24.5% have a graduate or professional degree.
Jobs and commute in Dripping Springs
- Unemployment rate
- 3.4%State: 5.3%
- Average commute
- 27 minState: 27 min
- Work from home
- 41.5%
- Drive alone
- 44.3%
- Public transit
- 0%
- Walk to work
- 2.4%
- Homes with broadband
- 87%
Dripping Springs vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Dripping Springs | 7,405 | $109,364 | $635,600 | $2,234 |
| Belterra | 6,978 | $219,727 | $773,400 | $2,845 |
| Bear Creek | 515 | $121,000 | $847,500 | — |
| Bee Cave | 8,862 | $111,172 | $776,400 | $1,877 |
| Woodcreek | 2,333 | $74,107 | $425,600 | $1,809 |
| The Hills | 2,516 | $158,250 | $846,000 | $3,501 |
| Lakeway | 19,307 | $190,060 | $841,300 | $2,981 |
| Shady Hollow | 5,709 | $170,217 | $755,900 | — |
| Hays | 198 | $70,625 | $327,300 | $2,295 |
More for people moving to Dripping Springs
Dripping Springs ZIP code ›Weather and climate ›Living in Dripping Springs: FAQ
What is the median household income in Dripping Springs, TX?
The median household income in Dripping Springs is $109,364, 39% higher than the Texas median of $78,476 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Dripping Springs?
The median home value in Dripping Springs is $635,600, compared with $283,800 in Texas.
How much is rent in Dripping Springs?
The median gross rent in Dripping Springs is $2,234 per month, about 30% of household income.
Is Dripping Springs, TX a good place to live?
Pluses: median household income 39% higher than the Texas median; unemployment of 3.4%; a poverty rate of 2.1%. Minuses: home values 124% higher than the state median; an average commute of 27 minutes.
What is the median age in Dripping Springs?
The median age in Dripping Springs is 38.5 years (Texas: 35.6).
How long is the commute in Dripping Springs?
The average commute to work in Dripping Springs is 27 minutes; 41.5% of workers work from home.
What is the unemployment rate in Dripping Springs?
The unemployment rate in Dripping Springs is 3.4% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Dripping Springs?
67.8% of adults in Dripping Springs have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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