Wealth Index
Less wealthy than 95% of counties in Missouri
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 | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,623 | $69,051 | $78,145 |
| Median Personal Income | $44,096 | $56,130 | $61,726 |
| Average income growth | 4.3% | 4.8% | 5.1% |
| Six-Figure Earners | 2.9% | 9.9% | 13.2% |
The median household income in Texas County is about 31% lower than in Missouri. Income has been growing slower in Texas County (4.3%/yr) than in Missouri (4.8%/yr).
About 3% of adults in Texas County earn six figures ($100,000 or more) a year, lower than the Missouri average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Texas County, Missouri grew by 55.2% from 2009 to 2023, reaching $47,623 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Texas County | Gender Pay Gap | Gini Coefficient
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.592 | 0.543 | 0.570 |
| Male Median Income | $48,793 | $62,759 | $67,746 |
| Female Median Income | $37,726 | $49,461 | $54,793 |
| Gender Pay Gap | 22.7% | 21.2% | 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 Texas County, it is 0.592, higher than Missouri's 0.543, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 29% more than women's income in Texas County, Missouri. Over a 35-year career, a 29% wage gap accumulates to roughly $387,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Texas County, Missouri has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $3,008 since 2009.
Employment
| Metric | Texas County | Missouri Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.1% | 5.2% |
| Working from Home | 5.0% | 11.6% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 455 people are unemployed in Texas County, Missouri.
The average commute time in Texas County is 20 minutes, shorter than the 21 minutes in Missouri.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Texas County, Missouri has fallen from 6.7% to 4.6% in 2023.
Conclusion
Considering all these factors, Texas County, Missouri has an overall wealth index grade of D, making it somewhat worse than Missouri, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Texas County, Missouri.
How Rich Is Texas County, Missouri?
Texas County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $47,623, about 31% lower than the Missouri average of $69,051.
What is the current median household income in Texas County, Missouri?
As of 2023, the median household income in Texas County, Missouri is $47,623.
What was the median household income in Texas County in 2023?
In 2023, the median household income in Texas County, Missouri was $47,623.
What was the median household income in Texas County in 2020?
In 2020, the median household income in Texas County, Missouri was $35,811.
What is the Gini coefficient in Texas County, Missouri?
The Gini coefficient in Texas County is 0.592. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Texas County, Missouri?
Since 2009, the income gap between men and women in Texas County, Missouri has narrowed from about 26% to 23% in 2023. In dollar terms, the gap has widened by $3,008 since 2009.