Wealth Index
Wealthier than 78% 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 | Gove County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,408 | $72,682 | $78,145 |
| Median Personal Income | $48,917 | $56,764 | $61,726 |
| Average income growth | 4.8% | 4.3% | 5.1% |
| Six-Figure Earners | 10.4% | 10.6% | 13.2% |
The median household income in Gove County is about 11% lower than in Kansas. Income has been growing faster in Gove County (4.8%/yr) than in Kansas (4.3%/yr).
About 10% of adults in Gove County earn six figures ($100,000 or more) a year, about the same as the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Gove County, Kansas grew by 70.1% from 2009 to 2023, reaching $64,408 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Gove County | Gender Pay Gap | Gini Coefficient
| Metric | Gove County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.539 | 0.570 |
| Male Median Income | $60,562 | $63,363 | $67,746 |
| Female Median Income | $40,368 | $49,832 | $54,793 |
| Gender Pay Gap | 33.3% | 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 Gove County, it is 0.510, 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 50% more than women's income in Gove County, Kansas. Over a 35-year career, a 50% wage gap accumulates to roughly $706,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gove County, Kansas has widened from about 31% to 33% in 2023. In dollar terms, the gap has widened by $9,061 since 2009.
Employment
| Metric | Gove County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.9% | 5.2% |
| Working from Home | 8.7% | 10.7% | 13.4% |
| Commute time (minutes) | 11 | 17 | 22 |
Approximately 49 people are unemployed in Gove County, Kansas.
The average commute time in Gove County is 11 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Gove County, Kansas has risen from 2.9% to 3.5% in 2023.
Conclusion
Considering all these factors, Gove 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 Gove County, Kansas.
How Rich Is Gove County, Kansas?
Gove 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 $64,408, about 11% lower than the Kansas average of $72,682.
What is the current median household income in Gove County, Kansas?
As of 2023, the median household income in Gove County, Kansas is $64,408.
What was the median household income in Gove County in 2023?
In 2023, the median household income in Gove County, Kansas was $64,408.
What was the median household income in Gove County in 2020?
In 2020, the median household income in Gove County, Kansas was $55,378.
What is the Gini coefficient in Gove County, Kansas?
The Gini coefficient in Gove County is 0.510. 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 Gove County, Kansas?
Since 2009, the income gap between men and women in Gove County, Kansas has widened from about 31% to 33% in 2023. In dollar terms, the gap has widened by $9,061 since 2009.