Wealth Index
Among the top 5 wealthiest 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 | Trego County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,177 | $72,682 | $78,145 |
| Median Personal Income | $54,441 | $56,764 | $61,726 |
| Average income growth | 4.9% | 4.3% | 5.1% |
| Six-Figure Earners | 6.1% | 10.6% | 13.2% |
The median household income in Trego County is about 1% higher than in Kansas. Income has been growing faster in Trego County (4.9%/yr) than in Kansas (4.3%/yr).
About 6% of adults in Trego 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 Trego County, Kansas grew by 93.5% from 2009 to 2023, reaching $73,177 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Trego County | Gender Pay Gap | Gini Coefficient
| Metric | Trego County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.478 | 0.539 | 0.570 |
| Male Median Income | $61,030 | $63,363 | $67,746 |
| Female Median Income | $47,221 | $49,832 | $54,793 |
| Gender Pay Gap | 22.6% | 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 Trego County, it is 0.478, 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 29% more than women's income in Trego County, Kansas. Over a 35-year career, a 29% wage gap accumulates to roughly $483,315 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Trego County, Kansas has widened from about 19% to 23% in 2023. In dollar terms, the gap has widened by $7,663 since 2009.
Employment
| Metric | Trego County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.1% | 3.9% | 5.2% |
| Working from Home | 7.8% | 10.7% | 13.4% |
| Commute time (minutes) | 8 | 17 | 22 |
Approximately 16 people are unemployed in Trego County, Kansas.
The average commute time in Trego County is 8 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
The unemployment rate in Trego County, Kansas has stayed about flat at 1.1% since 2011.
Conclusion
Considering all these factors, Trego 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 Trego County, Kansas.
How Rich Is Trego County, Kansas?
Trego 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 $73,177, about 1% higher than the Kansas average of $72,682.
What is the current median household income in Trego County, Kansas?
As of 2023, the median household income in Trego County, Kansas is $73,177.
What was the median household income in Trego County in 2023?
In 2023, the median household income in Trego County, Kansas was $73,177.
What was the median household income in Trego County in 2020?
In 2020, the median household income in Trego County, Kansas was $59,571.
What is the Gini coefficient in Trego County, Kansas?
The Gini coefficient in Trego County is 0.478. 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 Trego County, Kansas?
Since 2009, the income gap between men and women in Trego County, Kansas has widened from about 19% to 23% in 2023. In dollar terms, the gap has widened by $7,663 since 2009.