Wealth Index
Less wealthy than 90% of counties in Kansas
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Bourbon County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,050 | $72,682 | $78,145 |
| Median Personal Income | $47,213 | $56,764 | $61,726 |
| Average income growth | 6.9% | 4.3% | 5.1% |
| Six-Figure Earners | 7.0% | 10.6% | 13.2% |
The median household income in Bourbon County is about 9% lower than in Kansas. Income has been growing faster in Bourbon County (6.9%/yr) than in Kansas (4.3%/yr).
About 7% of adults in Bourbon County earn six figures ($100,000 or more) a year, lower than the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bourbon County, Kansas grew by 80.0% from 2009 to 2023, reaching $66,050 in 2023. That's an average of about 6.9% per year.
Economic Inequality in Bourbon County | Gender Pay Gap | Gini Coefficient
| Metric | Bourbon County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.539 | 0.570 |
| Male Median Income | $49,840 | $63,363 | $67,746 |
| Female Median Income | $42,983 | $49,832 | $54,793 |
| Gender Pay Gap | 13.8% | 21.4% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Bourbon County, it is 0.527, lower than Kansas's 0.539, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Bourbon County, Kansas. Over a 35-year career, a 16% wage gap accumulates to roughly $239,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bourbon County, Kansas has narrowed from about 15% to 14% in 2023. In dollar terms, the gap has widened by $1,770 since 2009.
Employment
| Metric | Bourbon County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 3.9% | 5.2% |
| Working from Home | 11.8% | 10.7% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 269 people are unemployed in Bourbon County, Kansas.
The average commute time in Bourbon County is 13 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bourbon County, Kansas has fallen from 5.2% to 3.8% in 2023.
Conclusion
Considering all these factors, Bourbon County, Kansas has an overall wealth index grade of D, making it somewhat worse than Kansas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bourbon County, Kansas.
How Rich Is Bourbon County, Kansas?
Bourbon County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $66,050, about 9% lower than the Kansas average of $72,682.
What is the current median household income in Bourbon County, Kansas?
As of 2023, the median household income in Bourbon County, Kansas is $66,050.
What was the median household income in Bourbon County in 2023?
In 2023, the median household income in Bourbon County, Kansas was $66,050.
What was the median household income in Bourbon County in 2020?
In 2020, the median household income in Bourbon County, Kansas was $46,437.
What is the Gini coefficient in Bourbon County, Kansas?
The Gini coefficient in Bourbon County is 0.527. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bourbon County, Kansas?
Since 2009, the income gap between men and women in Bourbon County, Kansas has narrowed from about 15% to 14% in 2023. In dollar terms, the gap has widened by $1,770 since 2009.