Wealth Index
Wealthier than 91% 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 | Scott County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,687 | $72,682 | $78,145 |
| Median Personal Income | $52,558 | $56,764 | $61,726 |
| Average income growth | 1.4% | 4.3% | 5.1% |
| Six-Figure Earners | 6.7% | 10.6% | 13.2% |
The median household income in Scott County is about 11% lower than in Kansas. Income has been growing slower in Scott County (1.4%/yr) than in Kansas (4.3%/yr).
About 7% of adults in Scott 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 Scott County, Kansas grew by 16.4% from 2009 to 2023, reaching $64,687 in 2023. That's an average of about 1.4% per year.
Economic Inequality in Scott County | Gender Pay Gap | Gini Coefficient
| Metric | Scott County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.539 | 0.570 |
| Male Median Income | $56,999 | $63,363 | $67,746 |
| Female Median Income | $49,749 | $49,832 | $54,793 |
| Gender Pay Gap | 12.7% | 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 Scott County, it is 0.505, 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 Scott County, Kansas. Over a 35-year career, a 15% wage gap accumulates to roughly $253,750 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Scott County, Kansas has narrowed from about 35% to 13% in 2023. In dollar terms, the gap has narrowed by $9,150 since 2009.
Employment
| Metric | Scott County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.1% | 3.9% | 5.2% |
| Working from Home | 5.6% | 10.7% | 13.4% |
| Commute time (minutes) | 8 | 17 | 22 |
Approximately 30 people are unemployed in Scott County, Kansas.
The average commute time in Scott County is 8 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
The unemployment rate in Scott County, Kansas has stayed about flat at 1.1% since 2011.
Conclusion
Considering all these factors, Scott 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 Scott County, Kansas.
How Rich Is Scott County, Kansas?
Scott 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 $64,687, about 11% lower than the Kansas average of $72,682.
What is the current median household income in Scott County, Kansas?
As of 2023, the median household income in Scott County, Kansas is $64,687.
What was the median household income in Scott County in 2023?
In 2023, the median household income in Scott County, Kansas was $64,687.
What was the median household income in Scott County in 2020?
In 2020, the median household income in Scott County, Kansas was $53,333.
What is the Gini coefficient in Scott County, Kansas?
The Gini coefficient in Scott County is 0.505. 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 Scott County, Kansas?
Since 2009, the income gap between men and women in Scott County, Kansas has narrowed from about 35% to 13% in 2023. In dollar terms, the gap has narrowed by $9,150 since 2009.