Wealth Index
Among the 3 least wealthy counties in Nebraska
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 | Hooker County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $46,372 | $74,987 | $78,145 |
| Median Personal Income | $44,943 | $58,336 | $61,726 |
| Average income growth | 3.3% | 4.6% | 5.1% |
| Six-Figure Earners | 5.8% | 10.8% | 13.2% |
The median household income in Hooker County is about 38% lower than in Nebraska. Income has been growing slower in Hooker County (3.3%/yr) than in Nebraska (4.6%/yr).
About 6% of adults in Hooker County earn six figures ($100,000 or more) a year, lower than the Nebraska average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Hooker County, Nebraska grew by 29.3% from 2009 to 2023, reaching $46,372 in 2023. That's an average of about 3.3% per year.
Economic Inequality in Hooker County | Gender Pay Gap | Gini Coefficient
| Metric | Hooker County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.469 | 0.520 | 0.570 |
| Male Median Income | $44,484 | $64,195 | $67,746 |
| Female Median Income | $45,789 | $51,020 | $54,793 |
| Gender Pay Gap | -2.9% | 20.5% | 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 Hooker County, it is 0.469, lower than Nebraska's 0.520, 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.
Women's income is about 3% more than men's income in Hooker County, Nebraska. Over a 35-year career, a 3% wage gap accumulates to roughly $45,675 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hooker County, Nebraska has narrowed from about 42% to -3% in 2023. In dollar terms, the gap has narrowed by $17,712 since 2009.
Employment
| Metric | Hooker County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 3.0% | 5.2% |
| Working from Home | 16.1% | 10.0% | 13.4% |
| Commute time (minutes) | 16 | 16 | 22 |
Approximately 13 people are unemployed in Hooker County, Nebraska.
The average commute time in Hooker County is 16 minutes, about the same as in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hooker County, Nebraska has risen from 1.8% to 3.8% in 2023.
Conclusion
Considering all these factors, Hooker County, Nebraska has an overall wealth index grade of D, making it somewhat worse than Nebraska, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hooker County, Nebraska.
How Rich Is Hooker County, Nebraska?
Hooker 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 $46,372, about 38% lower than the Nebraska average of $74,987.
What is the current median household income in Hooker County, Nebraska?
As of 2023, the median household income in Hooker County, Nebraska is $46,372.
What was the median household income in Hooker County in 2023?
In 2023, the median household income in Hooker County, Nebraska was $46,372.
What was the median household income in Hooker County in 2020?
In 2020, the median household income in Hooker County, Nebraska was $47,499.
What is the Gini coefficient in Hooker County, Nebraska?
The Gini coefficient in Hooker County is 0.469. 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 Hooker County, Nebraska?
Since 2009, the income gap between men and women in Hooker County, Nebraska has narrowed from about 42% to -3% in 2023. In dollar terms, the gap has narrowed by $17,712 since 2009.