Wallace County, Kansas Income Statistics
Wallace County Wealth Score
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.
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B
Wallace County Around averageWealthier than 86% of counties in Kansas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wallace County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,022 | $74,287 | $80,455 |
| Median Personal Income | $49,183 | $56,052 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.1% | 4.8% |
| Six-Figure Earners | 7.6% | 11.3% | 13.9% |
| $200k+ Households | 4.7% | 9.6% | 13.2% |
The median household income in Wallace County is about 15% lower than in Kansas. Income has been growing faster in Wallace County (4.8%/yr) than in Kansas (4.1%/yr).
About 8% of adults in Wallace County earn six figures ($100,000 or more) a year, lower than the Kansas average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Wallace County, Kansas grew by 66.0% from 2009 to 2024, reaching $63,022 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Wallace County
| Metric | Wallace County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.476 | 0.525 | 0.552 |
| Male Median Income | $60,158 | $65,134 | $69,667 |
| Female Median Income | $44,070 | $51,314 | $56,850 |
| Gender Pay Gap | 26.7% | 21.2% | 18.4% |
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 Wallace County, it is 0.476, lower than Kansas's 0.525, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 37% more than women's income in Wallace County, Kansas. Over a 35-year career, a 37% wage gap accumulates to roughly $563,080 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wallace County, Kansas has widened from about 10% to 27% in 2024. Over that period the gap was widest at 46% in 2018, and was narrowest at 10% in 2013. In dollar terms, the gap has widened by $12,135 since 2009.
Sharply against the trend: the pay gap in Wallace County widened by 16.3 points while Kansas's narrowed by 3.4 points.
Employment
| Metric | Wallace County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.3% | 3.8% | 5.2% |
| Working from Home | 8.4% | 11.8% | 15.0% |
| Commute time (minutes) | 11 | 17 | 22 |
Approximately 9 people are unemployed in Wallace County, Kansas.
The average commute time in Wallace County is 11 minutes, shorter than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wallace County, Kansas has fallen from 1.5% to 1.3% in 2024. Over that period the rate peaked at 6.6% in 2016 and fell as low as 1.0% in 2012.
Wallace County, KS Wealth Compared With Nearby Counties
Wallace County, KS is the 5th largest of the 6 counties compared here, 1,417 residents against a local median of 2,707. Wallace County, KS's unemployment, at 1.3%, runs 33% above the 1.0% typical of the counties around it. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $63,022 against a local median of $76,313, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Wallace County, KS reads weaker than its neighbours on all of them. The counties themselves spread 0.8% on unemployment, so Wallace County, KS sits at one end of an already wide local range rather than apart from it. Wallace County, KS has the 5th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Wallace County, KS | 1,417 | $63,022 #5/6 | 4.8%/yr #3/6 | 1.3% #5/6 | 0.476 #1/6 |
| Sherman County, KS | 5,858 | $60,759 | 3.1%/yr | 1.0% | 0.514 |
| Greeley County, KS | 1,304 | $78,836 | 6.5%/yr | 1.0% | 0.490 |
| Wichita County, KS | 2,091 | $77,187 | 3.9%/yr | 1.0% | 0.508 |
| Logan County, KS | 2,707 | $76,313 | 6.4%/yr | 1.8% | 0.492 |
| Thomas County, KS | 7,885 | $71,785 | 4.4%/yr | 1.0% | 0.495 |
Conclusion
Considering all these factors, Wallace 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 Wallace County, Kansas.
How Rich Is Wallace County, Kansas?
Wallace 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 $63,022, about 15% lower than the Kansas average of $74,287.
Are incomes growing in Wallace County, Kansas?
Between 2009 and 2024, the median household income in Wallace County, Kansas rose 66%, from $37,961 to $63,022. Over the same years, income here outpaced Kansas as a whole: +66% against +53%.
What was the median household income in Wallace County in 2023?
In 2023, the median household income in Wallace County, Kansas was $60,375, up 2% from $58,961 in 2022. The Kansas median that year was $72,660.
What was the median household income in Wallace County in 2020?
In 2020, the median household income in Wallace County, Kansas was $49,422. By 2024 it had risen 28% to $63,022.
How strong is the job market in Wallace County, Kansas?
Unemployment in Wallace County, Kansas is only 1.3%, well below the Kansas rate of 3.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Wallace County, Kansas?
The Gini coefficient in Wallace County is 0.476. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Wallace County, Kansas?
Since 2009, the income gap between men and women in Wallace County, Kansas has widened from about 10% to 27% in 2024. Over that period the gap was widest at 46% in 2018, and was narrowest at 10% in 2013. In dollar terms, the gap has widened by $12,135 since 2009.
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