Wealth Index
Wealthier 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 | Kingman County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,647 | $72,682 | $78,145 |
| Median Personal Income | $47,045 | $56,764 | $61,726 |
| Average income growth | 0.7% | 4.3% | 5.1% |
| Six-Figure Earners | 6.6% | 10.6% | 13.2% |
The median household income in Kingman County is about 18% lower than in Kansas. Income has been growing slower in Kingman County (0.7%/yr) than in Kansas (4.3%/yr).
About 7% of adults in Kingman 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 Kingman County, Kansas grew by 35.5% from 2009 to 2023, reaching $59,647 in 2023. That's an average of about 0.7% per year.
Economic Inequality in Kingman County | Gender Pay Gap | Gini Coefficient
| Metric | Kingman County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.539 | 0.570 |
| Male Median Income | $51,194 | $63,363 | $67,746 |
| Female Median Income | $44,365 | $49,832 | $54,793 |
| Gender Pay Gap | 13.3% | 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 Kingman 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 15% more than women's income in Kingman County, Kansas. Over a 35-year career, a 15% wage gap accumulates to roughly $239,015 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kingman County, Kansas has narrowed from about 25% to 13% in 2023. In dollar terms, the gap has narrowed by $3,077 since 2009.
Employment
| Metric | Kingman County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.9% | 5.2% |
| Working from Home | 5.2% | 10.7% | 13.4% |
| Commute time (minutes) | 16 | 17 | 22 |
Approximately 139 people are unemployed in Kingman County, Kansas.
The average commute time in Kingman County is 16 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
The unemployment rate in Kingman County, Kansas has stayed about flat at 3.7% since 2011.
Conclusion
Considering all these factors, Kingman 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 Kingman County, Kansas.
How Rich Is Kingman County, Kansas?
Kingman 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 $59,647, about 18% lower than the Kansas average of $72,682.
What is the current median household income in Kingman County, Kansas?
As of 2023, the median household income in Kingman County, Kansas is $59,647.
What was the median household income in Kingman County in 2023?
In 2023, the median household income in Kingman County, Kansas was $59,647.
What was the median household income in Kingman County in 2020?
In 2020, the median household income in Kingman County, Kansas was $58,322.
What is the Gini coefficient in Kingman County, Kansas?
The Gini coefficient in Kingman 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 Kingman County, Kansas?
Since 2009, the income gap between men and women in Kingman County, Kansas has narrowed from about 25% to 13% in 2023. In dollar terms, the gap has narrowed by $3,077 since 2009.