Wealth Index
Less wealthy 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 | Lyon County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,812 | $72,682 | $78,145 |
| Median Personal Income | $45,276 | $56,764 | $61,726 |
| Average income growth | 5.5% | 4.3% | 5.1% |
| Six-Figure Earners | 4.7% | 10.6% | 13.2% |
The median household income in Lyon County is about 19% lower than in Kansas. Income has been growing faster in Lyon County (5.5%/yr) than in Kansas (4.3%/yr).
About 5% of adults in Lyon 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 Lyon County, Kansas grew by 64.0% from 2009 to 2023, reaching $58,812 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Lyon County | Gender Pay Gap | Gini Coefficient
| Metric | Lyon County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.539 | 0.570 |
| Male Median Income | $49,752 | $63,363 | $67,746 |
| Female Median Income | $37,847 | $49,832 | $54,793 |
| Gender Pay Gap | 23.9% | 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 Lyon County, it is 0.524, 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 31% more than women's income in Lyon County, Kansas. Over a 35-year career, a 31% wage gap accumulates to roughly $416,675 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lyon County, Kansas has widened from about 16% to 24% in 2023. In dollar terms, the gap has widened by $6,587 since 2009.
Employment
| Metric | Lyon County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 3.9% | 5.2% |
| Working from Home | 6.4% | 10.7% | 13.4% |
| Commute time (minutes) | 11 | 17 | 22 |
Approximately 437 people are unemployed in Lyon County, Kansas.
The average commute time in Lyon County is 11 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lyon County, Kansas has fallen from 7.3% to 2.5% in 2023.
Conclusion
Considering all these factors, Lyon 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 Lyon County, Kansas.
How Rich Is Lyon County, Kansas?
Lyon 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 $58,812, about 19% lower than the Kansas average of $72,682.
What is the current median household income in Lyon County, Kansas?
As of 2023, the median household income in Lyon County, Kansas is $58,812.
What was the median household income in Lyon County in 2023?
In 2023, the median household income in Lyon County, Kansas was $58,812.
What was the median household income in Lyon County in 2020?
In 2020, the median household income in Lyon County, Kansas was $50,144.
What is the Gini coefficient in Lyon County, Kansas?
The Gini coefficient in Lyon County is 0.524. 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 Lyon County, Kansas?
Since 2009, the income gap between men and women in Lyon County, Kansas has widened from about 16% to 24% in 2023. In dollar terms, the gap has widened by $6,587 since 2009.