Katy, TX
Population 23,900 · Texas
About Katy, TX
Katy is a mid-sized city located in Texas with a population of 23,900 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,332 per year, which is 43% above the national median of $75,149. The median age of 36 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Katy features a median home value of $376,800, which is 54% above the national median of $244,900. This places Katy in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,609, 38% above the national average of $1,163/month. Of the 8,129 total housing units, 77% are owner-occupied (5,783 units) and 23% are renter-occupied (1,707 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Katy shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 5.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Katy have an average one-way commute time of 30 minutes.
Education & Demographics
47.1% of Katy residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 16.2% White, 2.0% Hispanic or Latino, 0.5% Black or African American, and 11.3% Asian residents, with 16.6% of the population being foreign-born.
Cost of Living in Katy, TX
Compared to national averages, Katy has a median household income of $107,332 (43% above the national median of $75,149). Home values average $376,800, which is 54% above the national median. Monthly rent at $1,609 is 38% above the US average of $1,163. Within Texas, Katy's income is 48% above the state average of $72,726, and home values are 78% above the state median of $211,769.
Why Live in Katy, TX?
Katy offers a strong local economy with a median household income of $107,332, well above the national average, and a well-educated community where 47.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.4%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $376,800. However, Katy’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Katy has a population of 23,900 with a median age of 36 years. Compare Katy with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Katy
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belton | 23,769 | $63,544 | $252,000 | Compare |
| Fresno | 24,087 | $89,442 | $230,400 | Compare |
| Marshall | 23,646 | $49,817 | $133,000 | Compare |
| Benbrook | 24,430 | $82,148 | $278,200 | Compare |
| Watauga | 23,336 | $91,669 | $233,400 | Compare |
| Saginaw | 24,467 | $98,003 | $270,300 | Compare |
| Kerrville | 24,532 | $59,431 | $272,700 | Compare |
| Cloverleaf | 24,630 | $56,371 | $164,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Katy With Other Cities
Frequently Asked Questions about Katy
What is the population of Katy, TX?
The population of Katy, TX is 23,900 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Katy?
The median household income in Katy, TX is $107,332 per year, which is 43% above the national median of $75,149.
What is the median home value in Katy?
The median home value in Katy, TX is $376,800, which is 54% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Katy?
The median monthly rent in Katy, TX is $1,609, which is 38% above the national average of $1,163/month.
What is the unemployment rate in Katy?
The unemployment rate in Katy, TX is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Katy, TX a good place to live?
Katy offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 23,900 and a median age of 36, the city appeals to a broad range of residents.
How educated is Katy, TX?
47.1% of residents in Katy aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Katy?
Key cost-of-living indicators for Katy, TX: median home value is $376,800 (54% above national), median rent is $1,609/month, and median household income is $107,332. The home-value-to-income ratio is 3.5x, a moderate figure by national standards.
What is the poverty rate in Katy?
The poverty rate in Katy, TX is 5.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Katy, TX?
Katy's population is 16.2% White, 2.0% Hispanic or Latino, 0.5% Black or African American, 11.3% Asian, and 9.3% two or more races. 16.6% of residents are foreign-born.