Living in Mineral Wells, Texas
Cost of living, income, home prices, rent and demographics of Mineral Wells · Census data 2020–2024
Mineral Wells has 15,244 residents with a median age of 38. The median household income is $55,929 (29% lower than the Texas median), the median home value is $161,300, the median rent is $1,077/month.
Mineral Wells at a glance
- Population
- 15,244
- Median age
- 38State: 35.6
- Median household income
- $55,929State: $78,476
- Median home value
- $161,300State: $283,800
- Median rent
- $1,077/moState: $1,403
- Homeowners
- 59%
- Bachelor's degree or higher
- 11.6%
- Average commute
- 28 min
Is Mineral Wells a good place to live?
Pros: Home values 43% lower than the state median.
Cons: Median household income 29% lower than the Texas median; an average commute of 28 minutes; unemployment of 6.5%; a poverty rate of 22.4%.
The weather is best in March–April and October–November.
Cost of living in Mineral Wells
Housing is the biggest part of the cost of living. In Mineral Wells the median home value is $161,300, 52% lower than the U.S. median. Renters pay a median of $1,077 per month, which is 30.7% of household income. Homeowners with a mortgage pay $1,560 a month in housing costs.
Mineral Wells median household income
The median household income in Mineral Wells is $55,929 and the income per person is $26,124. 22.4% of residents live below the poverty line (Texas: 13.8%).
Housing in Mineral Wells: homes for sale and rent
- Housing units
- 6,448
- Owner-occupied
- 59%
- Renter-occupied
- 41%
- Vacant
- 10.7%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.61
Mineral Wells demographics
- Population
- 15,244
- Median age
- 38
- Under 18
- 23%
- 65 and older
- 16.2%
- Households
- 5,757
- Foreign-born
- 7.2%
- Veterans
- 8%Adults 18+
Hispanic or Latino can be of any race. Population history of Mineral Wells ›
Education in Mineral Wells
11.6% of adults 25 and older in Mineral Wells have a bachelor's degree or higher (Texas: 33.8%), and 2.8% have a graduate or professional degree.
Jobs and commute in Mineral Wells
- Unemployment rate
- 6.5%State: 5.3%
- Average commute
- 28 minState: 27 min
- Work from home
- 5.8%
- Drive alone
- 76.6%
- Public transit
- 0%
- Walk to work
- 0.8%
- Homes with broadband
- 89.1%
Mineral Wells vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Mineral Wells | 15,244 | $55,929 | $161,300 | $1,077 |
| Cool | 159 | $87,614 | $428,000 | $2,150 |
| Garner | 493 | $128,750 | $426,000 | $1,672 |
| Millsap | 433 | $56,477 | $210,200 | $1,000 |
| Graford | 654 | $60,938 | $127,500 | $950 |
| Palo Pinto | 208 | $50,278 | $161,200 | — |
| Perrin | 249 | $67,569 | — | $992 |
| Dennis | 1,402 | $139,383 | $569,400 | — |
| Santo | 427 | $104,107 | $161,500 | — |
More for people moving to Mineral Wells
Mineral Wells ZIP code ›Weather and climate ›Living in Mineral Wells: FAQ
What is the median household income in Mineral Wells, TX?
The median household income in Mineral Wells is $55,929, 29% lower 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 Mineral Wells?
The median home value in Mineral Wells is $161,300, compared with $283,800 in Texas.
How much is rent in Mineral Wells?
The median gross rent in Mineral Wells is $1,077 per month, about 30.7% of household income.
Is Mineral Wells, TX a good place to live?
Pluses: home values 43% lower than the state median. Minuses: median household income 29% lower than the Texas median; an average commute of 28 minutes; unemployment of 6.5%; a poverty rate of 22.4%.
What is the median age in Mineral Wells?
The median age in Mineral Wells is 38 years (Texas: 35.6).
How long is the commute in Mineral Wells?
The average commute to work in Mineral Wells is 28 minutes; 5.8% of workers work from home.
What is the unemployment rate in Mineral Wells?
The unemployment rate in Mineral Wells is 6.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Mineral Wells?
11.6% of adults in Mineral Wells 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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