Mineral Wells, TX
Population 15,130 · Texas
About Mineral Wells, TX
Mineral Wells is a mid-sized city located in Texas with a population of 15,130 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,210 per year, which is 28% below the national median of $75,149. The median age of 36.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Mineral Wells features a median home value of $146,100, which is 40% below the national median of $244,900. This makes Mineral Wells one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,004, 14% below the national average of $1,163/month. Of the 6,244 total housing units, 55% are owner-occupied (3,039 units) and 45% are renter-occupied (2,530 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Mineral Wells shows an unemployment rate of 9.2%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 20.8%, above the national average of 12.4%. Workers in Mineral Wells have an average one-way commute time of 27.6 minutes.
Education & Demographics
13.3% of Mineral Wells residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 23.0% White, 1.9% Hispanic or Latino, 0.6% Black or African American, and 3.0% Asian residents, with 7.8% of the population being foreign-born.
Cost of Living in Mineral Wells, TX
Compared to national averages, Mineral Wells has a median household income of $54,210 (28% below the national median of $75,149). Home values average $146,100, which is 40% below the national median. Monthly rent at $1,004 is 14% below the US average of $1,163. Within Texas, Mineral Wells's income is 25% below the state average of $72,726, and home values are 31% below the state median of $211,769.
Why Live in Mineral Wells, TX?
Mineral Wells offers affordable housing with a median home value of $146,100, below the US average of $244,900, and rent that’s lower than the national average at $1,004/month.
Potential considerations include median household income ($54,210) that falls below the national average. However, Mineral Wells’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Mineral Wells has a population of 15,130 with a median age of 36.7 years. Compare Mineral Wells with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Mineral Wells
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rio Grande City | 15,258 | $41,369 | $113,400 | Compare |
| Uvalde | 15,344 | $50,967 | $131,600 | Compare |
| West University Place | 14,907 | $250,001 | $1,406,600 | Compare |
| Hereford | 14,874 | $51,799 | $109,100 | Compare |
| Canyon | 15,398 | $68,233 | $218,300 | Compare |
| Aldine | 15,434 | $40,916 | $104,600 | Compare |
| Buda | 15,487 | $111,179 | $410,100 | Compare |
| Lockhart | 14,708 | $67,252 | $218,400 | 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 Mineral Wells With Other Cities
Frequently Asked Questions about Mineral Wells
What is the population of Mineral Wells, TX?
The population of Mineral Wells, TX is 15,130 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 Mineral Wells?
The median household income in Mineral Wells, TX is $54,210 per year, which is 28% below the national median of $75,149.
What is the median home value in Mineral Wells?
The median home value in Mineral Wells, TX is $146,100, which is 40% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Mineral Wells?
The median monthly rent in Mineral Wells, TX is $1,004, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Mineral Wells?
The unemployment rate in Mineral Wells, TX is 9.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Mineral Wells, TX a good place to live?
Mineral Wells offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 15,130 and a median age of 36.7, the city appeals to a broad range of residents.
How educated is Mineral Wells, TX?
13.3% of residents in Mineral Wells aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Mineral Wells?
Key cost-of-living indicators for Mineral Wells, TX: median home value is $146,100 (40% below national), median rent is $1,004/month, and median household income is $54,210. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Mineral Wells?
The poverty rate in Mineral Wells, TX is 20.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Mineral Wells, TX?
Mineral Wells's population is 23.0% White, 1.9% Hispanic or Latino, 0.6% Black or African American, 3.0% Asian, and 4.9% two or more races. 7.8% of residents are foreign-born.