Wealth Index
Wealthier than 83% of 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 | Kearney County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,801 | $74,987 | $78,145 |
| Median Personal Income | $57,076 | $58,336 | $61,726 |
| Average income growth | 5.4% | 4.6% | 5.1% |
| Six-Figure Earners | 9.3% | 10.8% | 13.2% |
The median household income in Kearney County is about 5% higher than in Nebraska. Income has been growing faster in Kearney County (5.4%/yr) than in Nebraska (4.6%/yr).
About 9% of adults in Kearney 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 Kearney County, Nebraska grew by 57.9% from 2009 to 2023, reaching $78,801 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Kearney County | Gender Pay Gap | Gini Coefficient
| Metric | Kearney County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.487 | 0.520 | 0.570 |
| Male Median Income | $65,363 | $64,195 | $67,746 |
| Female Median Income | $44,321 | $51,020 | $54,793 |
| Gender Pay Gap | 32.2% | 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 Kearney County, it is 0.487, 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.
Men's income is about 47% more than women's income in Kearney County, Nebraska. Over a 35-year career, a 47% wage gap accumulates to roughly $736,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kearney County, Nebraska has widened from about 24% to 32% in 2023. In dollar terms, the gap has widened by $11,690 since 2009.
Employment
| Metric | Kearney County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.4% | 3.0% | 5.2% |
| Working from Home | 7.7% | 10.0% | 13.4% |
| Commute time (minutes) | 20 | 16 | 22 |
Approximately 52 people are unemployed in Kearney County, Nebraska.
The average commute time in Kearney County is 20 minutes, longer than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kearney County, Nebraska has fallen from 2.1% to 1.4% in 2023.
Conclusion
Considering all these factors, Kearney County, Nebraska has an overall wealth index grade of B, making it somewhat better than Nebraska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kearney County, Nebraska.
How Rich Is Kearney County, Nebraska?
Kearney 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 $78,801, about 5% higher than the Nebraska average of $74,987.
What is the current median household income in Kearney County, Nebraska?
As of 2023, the median household income in Kearney County, Nebraska is $78,801.
What was the median household income in Kearney County in 2023?
In 2023, the median household income in Kearney County, Nebraska was $78,801.
What was the median household income in Kearney County in 2020?
In 2020, the median household income in Kearney County, Nebraska was $61,042.
What is the Gini coefficient in Kearney County, Nebraska?
The Gini coefficient in Kearney County is 0.487. 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 Kearney County, Nebraska?
Since 2009, the income gap between men and women in Kearney County, Nebraska has widened from about 24% to 32% in 2023. In dollar terms, the gap has widened by $11,690 since 2009.