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The total population of Tool is estimated to be 2,356 with 1,238 males (52.55%) and 1,118 females (47.45%). There are 120 less females than males in Tool.
The median household income in Tool was $62,603 in 2021, which marked an an increase of 4,372(7.51%) from $58,231 in 2020. This income is 83.91% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Tool sees its highest median household income among householders in the age group of 45 to 64 years old, at $72,326. Overall, the median household income for the city of Tool stands at $62,603.
In Tool, the median income for all workers aged 15 years and older, regardless of work hours, was $29,318 for males and $18,788 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,321 for males and $47,102 for females.
In Tool, there are just two different racial groups among households. Among these, White households report a median household income of $62,744, while Two or More Races households have a median household income of $41,885.
In 2022, the population of Tool was 2,243, a 1.45% increase year-by-year from 2021. Previously, in 2021, Tool's population was 2,211, an increase of 1.42% compared to a population of 2,180 in 2020.
The median age in Tool, TX is 46.1, as per 2021 ACS 5-Year Estimates. Of the total population, 15.55% were under the age of 15, 13.61% aged 15 to 29, 48.85% aged 30 to 64, 21.38% aged 65 to 84, and 0.61% were 85 years of age and older.
Racial distribution of Tool population: 89.24% are White, 5.18% are Black or African American, 0.32% are American Indian and Alaska Native and 5.26% are multiracial.