Tool, TX
Population 2,399 · Texas
About Tool, TX
Tool is a small town located in Texas with a population of 2,399 residents according to the latest US Census Bureau American Community Survey data. The median household income is $71,964 per year, which is 4% below the national median of $75,149. The median age of 52 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Tool features a median home value of $163,700, which is 33% below the national median of $244,900. This positions Tool in a moderately priced market relative to the rest of the country. Median monthly rent is $1,120, 4% below the national average of $1,163/month. Of the 1,699 total housing units, 88% are owner-occupied (964 units) and 12% are renter-occupied (135 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Tool shows an unemployment rate of 3.7%, which is near the national rate of 3.7%. The poverty rate stands at 12.6%, above the national average of 12.4%. Workers in Tool have an average one-way commute time of 44.4 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
28.3% of Tool residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.0% of the population being foreign-born.
Cost of Living in Tool, TX
Compared to national averages, Tool has a median household income of $71,964 (4% below the national median of $75,149). Home values average $163,700, which is 33% below the national median. Monthly rent at $1,120 is 4% below the US average of $1,163. Within Texas, Tool's income is 1% below the state average of $72,726, and home values are 23% below the state median of $211,769.
Why Live in Tool, TX?
Tool offers affordable housing with a median home value of $163,700, below the US average of $244,900, and rent that’s lower than the national average at $1,120/month.
Potential considerations include median household income ($71,964) that falls below the national average. However, Tool’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Tool has a population of 2,399 with a median age of 52 years. Compare Tool with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Tool
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ben Bolt | 2,391 | $70,500 | $156,700 | Compare |
| Idalou | 2,389 | $70,655 | $175,700 | Compare |
| Gunter | 2,382 | $110,795 | $535,400 | Compare |
| Woodcreek | 2,375 | $72,917 | $409,700 | Compare |
| Garfield | 2,424 | $71,607 | $64,200 | Compare |
| Premont | 2,424 | $45,712 | $80,700 | Compare |
| Plum Grove | 2,425 | $70,362 | $121,800 | Compare |
| Blue Mound | 2,372 | $64,665 | $184,100 | 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 Tool With Other Cities
Frequently Asked Questions about Tool
What is the population of Tool, TX?
The population of Tool, TX is 2,399 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Texas.
What is the median household income in Tool?
The median household income in Tool, TX is $71,964 per year, which is 4% below the national median of $75,149.
What is the median home value in Tool?
The median home value in Tool, TX is $163,700, which is 33% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Tool?
The median monthly rent in Tool, TX is $1,120, which is 4% below the national average of $1,163/month.
What is the unemployment rate in Tool?
The unemployment rate in Tool, TX is 3.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Tool, TX a good place to live?
Tool offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,399 and a median age of 52, the city appeals to established professionals and retirees.
How educated is Tool, TX?
28.3% of residents in Tool 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 Tool?
Key cost-of-living indicators for Tool, TX: median home value is $163,700 (33% below national), median rent is $1,120/month, and median household income is $71,964. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Tool?
The poverty rate in Tool, TX is 12.6%, 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 Tool, TX?
Tool's population is 3.5% White, 0.4% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 2.0% of residents are foreign-born.