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Groesbeck, Texas

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
3,914
Population
$61,571
Median Income
$162,500
Home Value
38.2
Median Age

Demographics

Groesbeck has a population of 3,914 with a median age of 38.2. Here is the racial and ethnic breakdown of the population:

White
49.8%
Black
30.1%
Hispanic
20.4%
Asian
1.6%
Demographic Value
Total Population3,914
Median Age38.2
White49.8%
Black or African American30.1%
Asian1.6%
Hispanic or Latino20.4%
Groesbeck, Texas — racial composition (Census ACS 2024)Donut chart of 4 segments totaling 102.White: 48.9%Black: 29.5%Hispanic/Latino: 20.0%Other: 1.6%3,914PopulationWhiteWhite48.9%BlackBlack29.5%Hispanic/LatinoHispanic/Latino20.0%OtherOther1.6%

Income & Economy

The median household income in Groesbeck is $61,571, which is 23.6% below the national median of $80,610. The per capita income is $30,215. The poverty rate is 7.2%.

$61,571
Median Household Income
$30,215
Per Capita Income
7.2%
Poverty Rate

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Education

In Groesbeck, 90.3% of residents age 25+ have a high school diploma or higher, and 15.4% hold a bachelor's degree or higher (3.2% with a graduate or professional degree).

HS Diploma+
90.3%
Bachelor's+
15.4%
Graduate+
3.2%
Education Level % of Adults (25+)
High School Diploma or Higher90.3%
Bachelor's Degree or Higher15.4%
Graduate or Professional Degree3.2%

Housing

The median home value in Groesbeck is $162,500, below the national median of $303,400. The median monthly rent is $855. The homeownership rate is 61.1%.

$162,500
Median Home Value
$855/mo
Median Rent
61.1%
Homeownership Rate
Housing Metric Value
Median Home Value$162,500
Median Monthly Rent$855
Homeownership Rate61.1%
Vacancy Rate8.5%

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Frequently Asked Questions

What is the population of Groesbeck, Texas?
The population of Groesbeck, Texas is 3,914 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Groesbeck, Texas?
The median household income in Groesbeck, Texas is $61,571. This is 23.6% below the national median of $80,610.
What is the median home value in Groesbeck, Texas?
The median home value in Groesbeck, Texas is $162,500. The median monthly rent is $855.
What percentage of people in Groesbeck have a college degree?
In Groesbeck, Texas, 15.4% of adults age 25 and older hold a bachelor's degree or higher, and 90.3% have a high school diploma or higher.
Is Groesbeck, Texas an affordable place to live?
The home price-to-income ratio in Groesbeck, Texas is 2.6x (median home value $162,500 vs. median income $61,571), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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