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Mineral Wells, Texas

city · Palo Pinto County (primary) , Parker County

At a glance

15,244
Population
$161,300
Median home value (all homes)
47% below U.S. median
$208,649
Typical market value
Zillow, 2026-07
$1,077/mo
Median rent
20% below U.S. median
$55,929
Median household income
29% below U.S. median
27.5 min
Average commute
89.1%
Homes with broadband
86.77%
Locations with fiber available
6.5%
Unemployment

Cost of living (Clay Affordability Index)

CAI 85 — 15% below the national average. how it's computed

Housing29% below
Goods & services5% below
Utilities9% above
Taxes57% below
Insurance25% above
Commute cost9% below
For business: Texas is CBII band 3/5 · time to build band 1/5. See state page for the breakdown.

Living here

Nearest 4-year college41 mi
Nearest community college19 mi
Nearest technical college40 mi
High school graduates80.6%
College graduates11.6%

Doing business here

Economic development contacts, most local first:

city Mineral Wells Economic Development Corporation
The MWEDC was created by the City of Mineral Wells for purposes of increasing economic prosperity and promoting economic development throughout the community. The roles of the Mineral Wells Economic Development Corporation shall be to Administer Type B Economic Development revenues for the City of Mineral Wells and provide guidance and feedback to the Economic Development Director and City leadership in implementation of economic development activities, including the Economic Development Strategic Plan.
state Office of the Governor (Texas)
Texas Economic Development Corporation (TxEDC) markets Texas as the premier destination for business and provides information to help businesses explore opportunities in Texas. It supports the Governor’s Office of Economic Development and Tourism in promoting Texas as a premier destination for business.
state Texas Economic Development
The Texas Economic Development & Tourism Office offers resources for Texas businesses, communities and residents, as well as those looking to do business in Texas. Our office publishes in-depth reports on the economy of Texas and the state’s targeted growth industries. We also offer a number of events throughout the year, covering a wide range of business-related topics—everything from getting started in the state to growing your business internationally.
State sales taxYes
State income taxNone
Right-to-work stateYes

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