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 | Loup County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,417 | $74,987 | $78,145 |
| Median Personal Income | $43,452 | $58,336 | $61,726 |
| Average income growth | 1.1% | 4.6% | 5.1% |
| Six-Figure Earners | 6.1% | 10.8% | 13.2% |
The median household income in Loup County is about 19% lower than in Nebraska. Income has been growing slower in Loup County (1.1%/yr) than in Nebraska (4.6%/yr).
About 6% of adults in Loup 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 Loup County, Nebraska grew by 86.5% from 2009 to 2023, reaching $60,417 in 2023. That's an average of about 1.1% per year.
Economic Inequality in Loup County | Gender Pay Gap | Gini Coefficient
| Metric | Loup County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.527 | 0.520 | 0.570 |
| Male Median Income | $47,082 | $64,195 | $67,746 |
| Female Median Income | $41,973 | $51,020 | $54,793 |
| Gender Pay Gap | 10.9% | 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 Loup County, it is 0.527, higher than Nebraska's 0.520, so income is less 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 12% more than women's income in Loup County, Nebraska. Over a 35-year career, a 12% wage gap accumulates to roughly $178,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Loup County, Nebraska has narrowed from about 46% to 11% in 2023. In dollar terms, the gap has narrowed by $13,877 since 2009.
Employment
| Metric | Loup County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 3.0% | 5.2% |
| Working from Home | 5.0% | 10.0% | 13.4% |
| Commute time (minutes) | 20 | 16 | 22 |
The average commute time in Loup County is 20 minutes, longer than the 16 minutes in Nebraska.
Unemployment Rate Over Time
The unemployment rate in Loup County, Nebraska has stayed about flat at 1.0% since 2011.
Conclusion
Considering all these factors, Loup 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 Loup County, Nebraska.
How Rich Is Loup County, Nebraska?
Loup 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 $60,417, about 19% lower than the Nebraska average of $74,987.
What is the current median household income in Loup County, Nebraska?
As of 2023, the median household income in Loup County, Nebraska is $60,417.
What was the median household income in Loup County in 2023?
In 2023, the median household income in Loup County, Nebraska was $60,417.
What was the median household income in Loup County in 2020?
In 2020, the median household income in Loup County, Nebraska was $47,222.
What is the Gini coefficient in Loup County, Nebraska?
The Gini coefficient in Loup County is 0.527. 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 Loup County, Nebraska?
Since 2009, the income gap between men and women in Loup County, Nebraska has narrowed from about 46% to 11% in 2023. In dollar terms, the gap has narrowed by $13,877 since 2009.