Wealth Index
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 | Keith County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,455 | $74,987 | $78,145 |
| Median Personal Income | $52,333 | $58,336 | $61,726 |
| Average income growth | 4.5% | 4.6% | 5.1% |
| Six-Figure Earners | 8.4% | 10.8% | 13.2% |
The median household income in Keith County is about 22% lower than in Nebraska. Income has been growing slower in Keith County (4.5%/yr) than in Nebraska (4.6%/yr).
About 8% of adults in Keith 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 Keith County, Nebraska grew by 41.4% from 2009 to 2023, reaching $58,455 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Keith County | Gender Pay Gap | Gini Coefficient
| Metric | Keith County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.520 | 0.570 |
| Male Median Income | $56,824 | $64,195 | $67,746 |
| Female Median Income | $44,572 | $51,020 | $54,793 |
| Gender Pay Gap | 21.6% | 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 Keith County, it is 0.496, 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 27% more than women's income in Keith County, Nebraska. Over a 35-year career, a 27% wage gap accumulates to roughly $428,820 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Keith County, Nebraska has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $3,257 since 2009.
Employment
| Metric | Keith County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.0% | 3.0% | 5.2% |
| Working from Home | 11.1% | 10.0% | 13.4% |
| Commute time (minutes) | 11 | 16 | 22 |
Approximately 82 people are unemployed in Keith County, Nebraska.
The average commute time in Keith County is 11 minutes, shorter than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Keith County, Nebraska has fallen from 3.1% to 2.0% in 2023.
Conclusion
Considering all these factors, Keith County, Nebraska has an overall wealth index grade of C, making it about on par with Nebraska, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Keith County, Nebraska.
How Rich Is Keith County, Nebraska?
Keith County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $58,455, about 22% lower than the Nebraska average of $74,987.
What is the current median household income in Keith County, Nebraska?
As of 2023, the median household income in Keith County, Nebraska is $58,455.
What was the median household income in Keith County in 2023?
In 2023, the median household income in Keith County, Nebraska was $58,455.
What was the median household income in Keith County in 2020?
In 2020, the median household income in Keith County, Nebraska was $53,546.
What is the Gini coefficient in Keith County, Nebraska?
The Gini coefficient in Keith County is 0.496. 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 Keith County, Nebraska?
Since 2009, the income gap between men and women in Keith County, Nebraska has narrowed from about 25% to 22% in 2023. In dollar terms, the gap has widened by $3,257 since 2009.