Mineral Wells, TX Profile: Facts & Data

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Mineral Wells, Texas - Basic Facts

The City of Mineral Wells had a population of 15,133 as of July 1, 2023.

The primary coordinate point for Mineral Wells is located at latitude 32.8085 and longitude -98.1128 in Palo Pinto County. The formal boundaries for the City of Mineral Wells encompass a land area of 20.4 sq. miles and a water area of 0.76 sq. miles. Palo Pinto County is in the Central time zone (GMT -6).

While the primary coordinates for City of Mineral Wells are located in Palo Pinto County, it should be noted that the formal boundaries for this community also extend into and Parker County.

The City of Mineral Wells has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Mineral Wells is located within Mineral Wells Division of Palo Pinto County.


Jump to... (On This Page!)
  1. Mineral Wells 2023 Demographic Data
  2. Growth Rates for Mineral Wells (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Texas Research Tools (Easy Tools & Current Data)
  3. Texas Data Comparison Tool - 2023 Demographics
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Mineral Wells, TX Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 15,133 (100%)
Population in Households 14,937 (98.7%)
Population in Families 12,112 (80.0%)
Population in Group Quarters1 196 ( 1.3%)
Population Density 742
Diversity Index2 68
 
 

INCOME

Median Household Income $55,015
Average Household Income $71,497
% of Income for Mortgage4 14%
Per Capita Income $27,510
Wealth Index5 54
Socioeconomic Status Index6 Low (43.6)
 

HOUSING

Total HU (Housing Units) 6,420 (100%)
Owner Occupied HU 3,563 (55.5%)
Renter Occupied HU 2,255 (35.1%)
Vacant Housing Units 602 ( 9.4%)
Median Home Value $124,344
Average Home Value $159,669
Housing Affordability Index3 156
 

HOUSEHOLDS

Total Households 5,818
Average Household Size 2.57
Family Households 3,834
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 0.65% 0.28%
Households 0.89% 0.50%
Families   0.52%
Median Household Income   1.94%
Per Capita Income   2.41%
Owner Occupied HU   0.72%

Mineral Wells, TX - Peer Comparisons by Rank and Percentile

The table below compares Mineral Wells to the other 1,862 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 206 89th
Population Density # 897 52nd
Median Household Income # 1048 44th
Housing Affordability Index # 1374 74th
Per Capita Income # 1116 40th
Diversity Index # 868 53rd

Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.

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