Mineral Wells, TX Profile: Facts & Data

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Mineral Wells, Texas - Basic Facts

The City of Mineral Wells had a population of 15,581 as of July 1, 2019.

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). The elevation is 883 feet.

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 (GNIS ID: 2411119) 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.

Alternate Unofficial Names for Mineral Wells: Mineralwells.

Jump to... (On This Page!)
  1. Mineral Wells 2019 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 - 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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Mineral Wells, TX Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Mineral Wells, TX Housing Affordability Index is 216
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

Mineral Wells, TX Wealth Index is 50
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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POPULATION

Total Population 15,581
Population in Households 15,524
Population in Familes 12,693
Population in Group Qrtrs 57
Population Density 764
Diversity Index1 64
 

INCOME

Median Household Income $37,650
Average Household Income $52,935
Per Capita Income $19,643
Wealth Index3 50

HOUSING

Total Housing Units 6,516 (100%)
Owner Occupied HU 3,497 (53.7%)
Renter Occupied HU 2,186 (33.5%)
Vacant Housing Units 834 (12.8%)
Median Home Value $82,471
Housing Affordability Index2 216
 

HOUSEHOLDS

Total Households 5,682
Average Household Size 2.73
Family Households 3,826
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 -0.8% 0.32%
Households 0.39% 0.23%
Families 0.33% 0.18%
Median Household Income   1.1%
Per Capita Income   1.99%

Mineral Wells, TX - Peer Comparisons by Rank and Percentile

The table below compares Mineral Wells 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 # 189 89th
Population Density # 920 47th
Diversity Index # 512 71st
Median Household Income # 1372 21st
Per Capita Income # 1274 27th

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

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