Hereford, Texas Median Income

Hereford, Texas has a population of 14,118, with a median household income of $58,220.

Current median income data for Hereford.

$58,220

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Population

14,118

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Median Income

$58,220

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Unemployment

4.00%

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Housing Price

$232,600

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Crime Rate

16.10

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Internet Speed

126.40 Mbps

Hereford is a small local community located in Texas. The city has a population that is above the average city population in Texas, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Texas, Hereford provides insight into regional population trends, income levels, and housing conditions.

Population Overview

Hereford has a population of 14,118, which is higher than the state average. This indicates a relatively larger urban presence within Texas.

Income and Economy

The median household income in Hereford is $58,220, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Hereford is about $232,600, making it relatively affordable compared to many cities in Texas.

Employment and Safety

The unemployment rate in Hereford is 4.00%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Hereford are higher than the state average, which may be a factor for residents to consider.

City Comparison

Compared to other cities in Texas, Hereford shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Hereford offers a balanced mix of economic conditions, population trends, and housing opportunities within Texas.

Frequently Asked Questions about Hereford

What is the population of Hereford?

The population of Hereford is approximately 14,118.

Is Hereford a good place to live?

Hereford offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Hereford?

The median household income in Hereford is around $58,220.

How expensive is housing in Hereford?

The average housing price in Hereford is approximately $232,600.