Wealth Index
Wealthier than 93% 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 | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,914 | $72,682 | $78,145 |
| Median Personal Income | $51,492 | $56,764 | $61,726 |
| Average income growth | 2.5% | 4.3% | 5.1% |
| Six-Figure Earners | 11.5% | 10.6% | 13.2% |
The median household income in Coffey County is about 5% lower than in Kansas. Income has been growing slower in Coffey County (2.5%/yr) than in Kansas (4.3%/yr).
About 11% of adults in Coffey County earn six figures ($100,000 or more) a year, higher than the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Coffey County, Kansas grew by 43.7% from 2009 to 2023, reaching $68,914 in 2023. That's an average of about 2.5% per year.
Economic Inequality in Coffey County | Gender Pay Gap | Gini Coefficient
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.539 | 0.570 |
| Male Median Income | $68,922 | $63,363 | $67,746 |
| Female Median Income | $39,033 | $49,832 | $54,793 |
| Gender Pay Gap | 43.4% | 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 Coffey County, it is 0.533, 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 77% more than women's income in Coffey County, Kansas. Over a 35-year career, a 77% wage gap accumulates to roughly $1,046,115 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coffey County, Kansas has widened from about 21% to 43% in 2023. In dollar terms, the gap has widened by $21,851 since 2009.
Employment
| Metric | Coffey County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 3.9% | 5.2% |
| Working from Home | 4.5% | 10.7% | 13.4% |
| Commute time (minutes) | 17 | 17 | 22 |
Approximately 244 people are unemployed in Coffey County, Kansas.
The average commute time in Coffey County is 17 minutes, about the same as in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coffey County, Kansas has risen from 5.0% to 6.0% in 2023.
Conclusion
Considering all these factors, Coffey County, Kansas has an overall wealth index grade of B, making it somewhat better than Kansas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coffey County, Kansas.
How Rich Is Coffey County, Kansas?
Coffey County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $68,914, about 5% lower than the Kansas average of $72,682.
What is the current median household income in Coffey County, Kansas?
As of 2023, the median household income in Coffey County, Kansas is $68,914.
What was the median household income in Coffey County in 2023?
In 2023, the median household income in Coffey County, Kansas was $68,914.
What was the median household income in Coffey County in 2020?
In 2020, the median household income in Coffey County, Kansas was $59,223.
What is the Gini coefficient in Coffey County, Kansas?
The Gini coefficient in Coffey County is 0.533. 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 Coffey County, Kansas?
Since 2009, the income gap between men and women in Coffey County, Kansas has widened from about 21% to 43% in 2023. In dollar terms, the gap has widened by $21,851 since 2009.