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 | Graham County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,323 | $72,682 | $78,145 |
| Median Personal Income | $49,281 | $56,764 | $61,726 |
| Average income growth | 2.6% | 4.3% | 5.1% |
| Six-Figure Earners | 5.4% | 10.6% | 13.2% |
The median household income in Graham County is about 27% lower than in Kansas. Income has been growing slower in Graham County (2.6%/yr) than in Kansas (4.3%/yr).
About 5% of adults in Graham 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 Graham County, Kansas grew by 31.9% from 2009 to 2023, reaching $53,323 in 2023. That's an average of about 2.6% per year.
Economic Inequality in Graham County | Gender Pay Gap | Gini Coefficient
| Metric | Graham County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.488 | 0.539 | 0.570 |
| Male Median Income | $54,415 | $63,363 | $67,746 |
| Female Median Income | $45,760 | $49,832 | $54,793 |
| Gender Pay Gap | 15.9% | 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 Graham County, it is 0.488, 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 19% more than women's income in Graham County, Kansas. Over a 35-year career, a 19% wage gap accumulates to roughly $302,925 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Graham County, Kansas has narrowed from about 32% to 16% in 2023. In dollar terms, the gap has narrowed by $4,136 since 2009.
Employment
| Metric | Graham County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 3.9% | 5.2% |
| Working from Home | 8.0% | 10.7% | 13.4% |
| Commute time (minutes) | 7 | 17 | 22 |
Approximately 52 people are unemployed in Graham County, Kansas.
The average commute time in Graham County is 7 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Graham County, Kansas has risen from 4.1% to 4.2% in 2023.
Conclusion
Considering all these factors, Graham 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 Graham County, Kansas.
How Rich Is Graham County, Kansas?
Graham 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 $53,323, about 27% lower than the Kansas average of $72,682.
What is the current median household income in Graham County, Kansas?
As of 2023, the median household income in Graham County, Kansas is $53,323.
What was the median household income in Graham County in 2023?
In 2023, the median household income in Graham County, Kansas was $53,323.
What was the median household income in Graham County in 2020?
In 2020, the median household income in Graham County, Kansas was $41,039.
What is the Gini coefficient in Graham County, Kansas?
The Gini coefficient in Graham County is 0.488. 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 Graham County, Kansas?
Since 2009, the income gap between men and women in Graham County, Kansas has narrowed from about 32% to 16% in 2023. In dollar terms, the gap has narrowed by $4,136 since 2009.