Wealth Index
Wealthier than 90% 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 | Stanton County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,493 | $74,987 | $78,145 |
| Median Personal Income | $53,531 | $58,336 | $61,726 |
| Average income growth | 4.0% | 4.6% | 5.1% |
| Six-Figure Earners | 9.5% | 10.8% | 13.2% |
The median household income in Stanton County is about 3% higher than in Nebraska. Income has been growing slower in Stanton County (4.0%/yr) than in Nebraska (4.6%/yr).
About 9% of adults in Stanton 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 Stanton County, Nebraska grew by 69.2% from 2009 to 2023, reaching $77,493 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Stanton County | Gender Pay Gap | Gini Coefficient
| Metric | Stanton County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.462 | 0.520 | 0.570 |
| Male Median Income | $61,696 | $64,195 | $67,746 |
| Female Median Income | $43,564 | $51,020 | $54,793 |
| Gender Pay Gap | 29.4% | 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 Stanton County, it is 0.462, 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 42% more than women's income in Stanton County, Nebraska. Over a 35-year career, a 42% wage gap accumulates to roughly $634,620 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stanton County, Nebraska has widened from about 27% to 29% in 2023. In dollar terms, the gap has widened by $8,320 since 2009.
Employment
| Metric | Stanton County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 3.0% | 5.2% |
| Working from Home | 9.7% | 10.0% | 13.4% |
| Commute time (minutes) | 20 | 16 | 22 |
Approximately 13 people are unemployed in Stanton County, Nebraska.
The average commute time in Stanton County is 20 minutes, longer than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stanton County, Nebraska has fallen from 4.5% to 1.0% in 2023.
Conclusion
Considering all these factors, Stanton 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 Stanton County, Nebraska.
How Rich Is Stanton County, Nebraska?
Stanton 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 $77,493, about 3% higher than the Nebraska average of $74,987.
What is the current median household income in Stanton County, Nebraska?
As of 2023, the median household income in Stanton County, Nebraska is $77,493.
What was the median household income in Stanton County in 2023?
In 2023, the median household income in Stanton County, Nebraska was $77,493.
What was the median household income in Stanton County in 2020?
In 2020, the median household income in Stanton County, Nebraska was $65,239.
What is the Gini coefficient in Stanton County, Nebraska?
The Gini coefficient in Stanton County is 0.462. 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 Stanton County, Nebraska?
Since 2009, the income gap between men and women in Stanton County, Nebraska has widened from about 27% to 29% in 2023. In dollar terms, the gap has widened by $8,320 since 2009.