Wealth Index
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 | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,138 | $72,682 | $78,145 |
| Median Personal Income | $50,051 | $56,764 | $61,726 |
| Average income growth | 5.0% | 4.3% | 5.1% |
| Six-Figure Earners | 7.2% | 10.6% | 13.2% |
The median household income in Finney County is about 2% lower than in Kansas. Income has been growing faster in Finney County (5.0%/yr) than in Kansas (4.3%/yr).
About 7% of adults in Finney 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 Finney County, Kansas grew by 45.7% from 2009 to 2023, reaching $71,138 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Finney County | Gender Pay Gap | Gini Coefficient
| Metric | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.539 | 0.570 |
| Male Median Income | $56,777 | $63,363 | $67,746 |
| Female Median Income | $42,477 | $49,832 | $54,793 |
| Gender Pay Gap | 25.2% | 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 Finney 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 34% more than women's income in Finney County, Kansas. Over a 35-year career, a 34% wage gap accumulates to roughly $500,500 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Finney County, Kansas has widened from about 19% to 25% in 2023. In dollar terms, the gap has widened by $7,526 since 2009.
Employment
| Metric | Finney County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 3.9% | 5.2% |
| Working from Home | 3.1% | 10.7% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 1,066 people are unemployed in Finney County, Kansas.
The average commute time in Finney County is 13 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Finney County, Kansas has risen from 3.4% to 5.4% in 2023.
Conclusion
Considering all these factors, Finney County, Kansas has an overall wealth index grade of C, making it about on par with Kansas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Finney County, Kansas.
How Rich Is Finney County, Kansas?
Finney County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $71,138, about 2% lower than the Kansas average of $72,682.
What is the current median household income in Finney County, Kansas?
As of 2023, the median household income in Finney County, Kansas is $71,138.
What was the median household income in Finney County in 2023?
In 2023, the median household income in Finney County, Kansas was $71,138.
What was the median household income in Finney County in 2020?
In 2020, the median household income in Finney County, Kansas was $60,561.
What is the Gini coefficient in Finney County, Kansas?
The Gini coefficient in Finney 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 Finney County, Kansas?
Since 2009, the income gap between men and women in Finney County, Kansas has widened from about 19% to 25% in 2023. In dollar terms, the gap has widened by $7,526 since 2009.