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Timpson, TX Profile: Facts & Data

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Timpson, Texas - Basic Facts

The City of Timpson had a population of 1,317 as of July 1, 2020.

The primary coordinate point for Timpson is located at latitude 31.9038 and longitude -94.3952 in Shelby County. The formal boundaries for the City of Timpson encompass a land area of 2.51 sq. miles and a water area of 0 sq. miles. Shelby County is in the Central time zone (GMT -6). The elevation is 390 feet.

The City of Timpson (GNIS ID: 2412071) 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 Timpson is located within Timpson Division of Shelby County.


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Timpson, TX Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,317 (100%)
Population in Households 1,317 (100.0%)
Population in Families 1,096 (83.2%)
Population in Group Quarters1 0
Population Density 524
Diversity Index2 60
 
 

INCOME

Median Household Income $33,315
Average Household Income $50,772
% of Income for Mortgage4 11%
Per Capita Income $19,500
Wealth Index5 41
 

HOUSING

Total HU (Housing Units) 681 (100%)
Owner Occupied HU 347 (51.0%)
Renter Occupied HU 185 (27.2%)
Vacant Housing Units 148 (21.7%)
Median Home Value $89,693
Average Home Value $110,879
Housing Affordability Index3 235
 

HOUSEHOLDS

Total Households 533
Average Household Size 2.47
Family Households 357
Average Family Size 3
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.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 1.29% 0.63%
Households 1.19% 0.56%
Families 2.58% 0.5%
Median Household Income   1.53%
Per Capita Income   2.49%
Owner Occupied HU   0.46%

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Timpson, TX - Peer Comparisons by Rank and Percentile

The table below compares Timpson to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2020 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 # 900 49th
Population Density # 1155 34th
Median Household Income # 1530 12th
Housing Affordability Index # 1006 58th
Per Capita Income # 1302 25th
Diversity Index # 659 63rd

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

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