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 | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,766 | $74,987 | $78,145 |
| Median Personal Income | $49,459 | $58,336 | $61,726 |
| Average income growth | 7.4% | 4.6% | 5.1% |
| Six-Figure Earners | 6.0% | 10.8% | 13.2% |
The median household income in Webster County is about 12% lower than in Nebraska. Income has been growing faster in Webster County (7.4%/yr) than in Nebraska (4.6%/yr).
About 6% of adults in Webster 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 Webster County, Nebraska grew by 80.0% from 2009 to 2023, reaching $65,766 in 2023. That's an average of about 7.4% per year.
Economic Inequality in Webster County | Gender Pay Gap | Gini Coefficient
| Metric | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.520 | 0.570 |
| Male Median Income | $55,192 | $64,195 | $67,746 |
| Female Median Income | $38,826 | $51,020 | $54,793 |
| Gender Pay Gap | 29.7% | 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 Webster County, it is 0.505, 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 Webster County, Nebraska. Over a 35-year career, a 42% wage gap accumulates to roughly $572,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Webster County, Nebraska has widened from about 24% to 30% in 2023. In dollar terms, the gap has widened by $8,600 since 2009.
Employment
| Metric | Webster County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 3.0% | 5.2% |
| Working from Home | 3.8% | 10.0% | 13.4% |
| Commute time (minutes) | 18 | 16 | 22 |
Approximately 13 people are unemployed in Webster County, Nebraska.
The average commute time in Webster County is 18 minutes, longer than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Webster County, Nebraska has fallen from 3.7% to 1.0% in 2023.
Conclusion
Considering all these factors, Webster County, Nebraska has an overall wealth index grade of B, making it about on par with Nebraska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Webster County, Nebraska.
How Rich Is Webster County, Nebraska?
Webster 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 $65,766, about 12% lower than the Nebraska average of $74,987.
What is the current median household income in Webster County, Nebraska?
As of 2023, the median household income in Webster County, Nebraska is $65,766.
What was the median household income in Webster County in 2023?
In 2023, the median household income in Webster County, Nebraska was $65,766.
What was the median household income in Webster County in 2020?
In 2020, the median household income in Webster County, Nebraska was $51,896.
What is the Gini coefficient in Webster County, Nebraska?
The Gini coefficient in Webster County is 0.505. 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 Webster County, Nebraska?
Since 2009, the income gap between men and women in Webster County, Nebraska has widened from about 24% to 30% in 2023. In dollar terms, the gap has widened by $8,600 since 2009.