Krum is a somewhat small city located in the state of Texas. With a population of 6,799 people and three associated neighborhoods, Krum is the 354th largest community in Texas. Much of the housing stock in Krum was built relatively recently. The construction of new real estate can often be taken as an indication that the local Krum economy is robust, and that jobs or other amenities are attracting an influx of new residents. This seems to be the case in Krum, where the median household income is $124,405.00. Krum real estate is some of the most expensive in Texas, although Krum house values don't compare to the most expensive real estate in the U.S.Unlike some cities where white-collar or blue-collar occupations dominate the local economy, Krum is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Krum is a city of sales and office workers, managers, and professionals. There are especially a lot of people living in Krum who work in management occupations (15.90%), office and administrative support (15.84%), and sales jobs (15.23%). Also of interest is that Krum has more people living here who work in computers and math than 95% of the places in the US. One interesting thing about the economy is that relatively large numbers of people worked from their home: 16.98% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes. Krum is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Krum’s overall crime rate is lower than average for the country. One downside of living in Krum is that it can take a long time to commute to work. In Krum, the average commute to work is 30.97 minutes, which is quite a bit higher than the national average. As is often the case in a small city, Krum doesn't have a public transportation system that people use for their commute.The citizens of Krum are very well educated compared to the average community in the nation: 36.17% of adults in Krum have a bachelor's degree or even advanced degree. The per capita income in Krum in 2022 was $47,221, which is wealthy relative to Texas, and upper middle income relative to the rest of the US. This equates to an annual income of $188,884 for a family of four. However, Krum contains both very wealthy and poor people as well. Krum is a somewhat ethnically-diverse city. The people who call Krum home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Krum residents report their race to be White, followed by Asian. Krum also has a sizeable Hispanic population (people of Hispanic origin can be of any race). People of Hispanic or Latino origin account for 10.53% of the city’s residents. Important ancestries of people in Krum include German, English, Irish, Scottish, and Norwegian. The most common language spoken in Krum is English. Other important languages spoken here include Spanish and Italian.
