Tom Bean, TX Profile: Facts & Data

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Tom Bean, Texas - Basic Facts

The City of Tom Bean had a population of 1,126 as of July 1, 2019. Tom Bean ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Tom Bean is located at latitude 33.5201 and longitude -96.4839 in Grayson County. The formal boundaries for the City of Tom Bean encompass a land area of 1.57 sq. miles and a water area of 0 sq. miles. Grayson County is in the Central time zone (GMT -6). The elevation is 820 feet.

The City of Tom Bean (GNIS ID: 2412079) 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 Tom Bean is located within East Grayson Division of Grayson County.


Jump to... (On This Page!)
  1. Tom Bean 2019 Demographic Data
  2. Growth Rates for Tom Bean (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 - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Tom Bean, TX Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Tom Bean, TX Housing Affordability Index is 234
State of Texas Housing Affordability Index is 132
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.

WEALTH INDEX

Tom Bean, TX Wealth Index is 82
State of Texas Wealth Index is 94
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.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Texas address.

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  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 1,126
Population in Households 1,126
Population in Familes 987
Population in Group Qrtrs 0
Population Density 715
Diversity Index1 28
 

INCOME

Median Household Income $72,985
Average Household Income $80,205
Per Capita Income $28,677
Wealth Index3 82

HOUSING

Total Housing Units 428 (100%)
Owner Occupied HU 295 (68.9%)
Renter Occupied HU 107 (25.0%)
Vacant Housing Units 26 ( 6.1%)
Median Home Value $159,375
Housing Affordability Index2 234
 

HOUSEHOLDS

Total Households 402
Average Household Size 2.8
Family Households 308
Average Family Size 3
NOTES
  1. 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 race 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.
  2. 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.
  3. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.81% 0.87%
Households 0.73% 0.83%
Families 0.96% 0.77%
Median Household Income   2.98%
Per Capita Income   3.6%

Tom Bean, TX - Peer Comparisons by Rank and Percentile

The table below compares Tom Bean to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2019 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 # 962 45th
Population Density # 971 44th
Diversity Index # 1428 18th
Median Household Income # 304 83rd
Per Capita Income # 566 68th

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

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