Nevada, Texas Demographics & Population 2026
During the 2020–2024 ACS period, Nevada, Texas had a total population of 1,319, the 906th largest city in Texas, with a median household income of $119,750, which is 53% higher than the state average. The poverty rate is 4.9%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 53% above the state average — one of the wealthiest communities in Texas.
- An exceptionally low poverty rate of 4.9% — among the lowest in Texas.
Nevada Quick Facts
How Nevada Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 1,292 | 1,319 | +2.1% |
| Median household income | $133,750 | $119,750 | -10.5% |
| Median home value | $397,700 | $393,800 | -1.0% |
How Nevada Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
Moderate diversity with one or two groups making up the majority.
State average: 67 | National average: 61
Education
Educational Attainment (Adults 25+)
Nevada Rankings in Texas
Explore Texas Rankings
Other Cities in Collin County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Plano | 290,594 | $112,253 | 6.8% | $465,900 |
| Frisco | 219,304 | $150,212 | 3.5% | $642,100 |
| McKinney | 210,600 | $124,215 | 5.7% | $471,800 |
| Allen | 110,265 | $130,901 | 6.1% | $464,100 |
| Prosper | 37,869 | $195,281 | 5.5% | $823,700 |
| Celina | 34,268 | $170,894 | 4.7% | $509,600 |
| Princeton | 25,229 | $105,200 | 4.1% | $331,000 |
| Anna | 24,330 | $105,593 | 7.8% | $351,700 |
| Murphy | 21,188 | $175,699 | 3.0% | $555,500 |
| Melissa | 20,136 | $138,763 | 1.9% | $454,000 |
Cities Similar to Nevada
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Oyster Creek | 1,288 | N/A | $164,500 | 2.6% | 13.8% |
| César Chávez | 1,351 | N/A | $162,300 | 0.0% | 20.4% |
| Beauxart Gardens | 1,276 | N/A | $171,600 | 10.0% | 3.2% |
| Elmo | 1,379 | N/A | $199,200 | 8.2% | 0.5% |
| Red Lick | 1,333 | $136,250 | $320,800 | 35.3% | 3.9% |
Population Overview
Nevada is a small community located in Texas, within Collin County. The total population is 1,319. It ranks as the 906th most populous out of 1,795 Census-designated places in Texas.
Age Demographics
The median age in Nevada is 35.7 years. This is about the same as the state median of 35.6 years.
Economy, Income & Housing
The median household income in Nevada is $119,750. This is 53% higher than the state median of $78,476. It is also 48% higher than the national median of $80,734. The poverty rate stands at 4.9%. This is 65% lower than the state poverty rate of 13.8%. This exceptionally low poverty rate indicates strong economic prosperity across the community. The unemployment rate is 2.5%. This is 52% lower than the state rate of 5.3%. The median home value is $393,800. Housing costs are 39% higher than the state median of $283,800. The home-value-to-income ratio is 3.3x. 96.2% of occupied housing units are owner-occupied. This homeownership rate is 54% higher than the state average of 62.6%.
Race & Ethnicity
The largest racial or ethnic group in Nevada is White (non-Hispanic), making up 75.2% of the population. Hispanic or Latino residents account for 17.9%. The White (non-Hispanic) population is significantly higher than the state average (75.2% vs 39.1%). The Black or African American population (0.5%) is well below the state average of 11.9%. The Hispanic or Latino population (17.9%) is well below the state average of 39.7%.
Education
33.6% of residents aged 25 and older hold a bachelor's degree or higher. This is about the same as the state rate of 33.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.0%.
Data Sources & Methodology
All demographic data for Nevada, Texas is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,795 Census-designated places in Texas. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Nevada, Texas?
Nevada, Texas has a population of 1,319 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Nevada, TX?
The median household income in Nevada is $119,750, which is 48% higher than the national median of $80,734.
What is the poverty rate in Nevada, TX?
The poverty rate in Nevada is 4.9%. This means approximately 64 residents live below the federal poverty line.
What is the racial makeup of Nevada, Texas?
Nevada's population is 75.2% White, 0.5% Black, 17.9% Hispanic/Latino, and 2.8% Asian.
What is the median home value in Nevada, TX?
The median home value in Nevada is $393,800. The home-value-to-income ratio is 3.3x.
How educated is Nevada, Texas?
33.6% of adults (25+) in Nevada hold a bachelor's degree or higher, and 8.4% hold a graduate or professional degree.