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Follett, TX

Full City Profile · Texas · Lipscomb County County

3.4 /5.0
B Good
346 Population 357/sq mi density
$87,083 Median Income $35,511 per capita
$108,300 Home Value $104,719 Zillow
58°F Avg Temperature 323 sunny days/yr
95 Violent Crime/100K 381 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.7 / 5.0
$87,083 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$108,300 home value, /mo rent
F
Safety
1.0 / 5.0
95 violent crimes/100K
C+
Education
3.0 / 5.0
24.6% bachelor's degree or higher

Income Overview

Median Household Income
$87,083
16% above
US avg: $75,149
Per Capita Income
$35,511
9% below
US avg: $39,052
Unemployment Rate
0.4%
89% below
US avg: 3.6%
Poverty Rate
5.5%
56% below
US avg: 12.4%

Income Comparison: Follett vs. U.S. Average

Each bar shows Follett’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$87,083
116%
Per Capita
US: $39,052
$35,511
91%
IRS Avg AGI
US: $72,000
$72,890
101%
Avg Weekly Wage
US: $1,432
$1,012
71%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,012
29% below US avg ($1,432)
Mean Commute Time
20 min
28% below US avg (28 min)
Work From Home
2.8%
82% below US avg (15.2%)
Drive Alone
75.4%
3% above US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$624M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 75.4%
Public Transit 0%
Work From Home 2.8%
Other 21.8%
Average commute time
20 minutes
US avg: 28 min

Business Landscape

Total Establishments
94
Restaurants
3
Retail
11

Tax & Financial

IRS Avg Adjusted Gross Income
$72,890
1% above US avg ($72,000)
Avg Property Tax
$2,867
18% below US avg ($3,500)
Cost of Living Index
97.1
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$87,083
Per Capita Income$35,511
IRS Avg Adjusted Gross Income$72,890
Avg Weekly Wage$1,012
County GDP$624M

Hardship Indicators

Unemployment Rate0.4%
Poverty Rate5.5%
Gini Coefficient0.441
Cost of Living Index97.1

Commute

Mean Commute20 minutes
Drive Alone75.4%
Public Transit0.0%
Work From Home2.8%

Businesses

Total Establishments94
Restaurants3
Retail11

Tax

IRS Avg AGI$72,890
Avg Property Tax$2,867