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 | Coal County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,806 | $63,953 | $78,145 |
| Median Personal Income | $45,236 | $52,060 | $61,726 |
| Average income growth | 2.8% | 4.1% | 5.1% |
| Six-Figure Earners | 4.1% | 8.8% | 13.2% |
The median household income in Coal County is about 25% lower than in Oklahoma. Income has been growing slower in Coal County (2.8%/yr) than in Oklahoma (4.1%/yr).
About 4% of adults in Coal County earn six figures ($100,000 or more) a year, lower than the Oklahoma average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Coal County, Oklahoma grew by 65.2% from 2009 to 2023, reaching $47,806 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Coal County | Gender Pay Gap | Gini Coefficient
| Metric | Coal County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.560 | 0.570 |
| Male Median Income | $47,947 | $59,197 | $67,746 |
| Female Median Income | $40,793 | $45,400 | $54,793 |
| Gender Pay Gap | 14.9% | 23.3% | 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 Coal County, it is 0.550, lower than Oklahoma's 0.560, 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 18% more than women's income in Coal County, Oklahoma. Over a 35-year career, a 18% wage gap accumulates to roughly $250,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coal County, Oklahoma has narrowed from about 23% to 15% in 2023. In dollar terms, the gap has widened by $278 since 2009.
Employment
| Metric | Coal County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.8% | 5.2% |
| Working from Home | 7.3% | 8.5% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 131 people are unemployed in Coal County, Oklahoma.
The average commute time in Coal County is 18 minutes, about the same as in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coal County, Oklahoma has risen from 5.2% to 6.2% in 2023.
Conclusion
Considering all these factors, Coal County, Oklahoma has an overall wealth index grade of D, making it somewhat worse than Oklahoma, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coal County, Oklahoma.
How Rich Is Coal County, Oklahoma?
Coal County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $47,806, about 25% lower than the Oklahoma average of $63,953.
What is the current median household income in Coal County, Oklahoma?
As of 2023, the median household income in Coal County, Oklahoma is $47,806.
What was the median household income in Coal County in 2023?
In 2023, the median household income in Coal County, Oklahoma was $47,806.
What was the median household income in Coal County in 2020?
In 2020, the median household income in Coal County, Oklahoma was $42,339.
What is the Gini coefficient in Coal County, Oklahoma?
The Gini coefficient in Coal County is 0.550. 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 Coal County, Oklahoma?
Since 2009, the income gap between men and women in Coal County, Oklahoma has narrowed from about 23% to 15% in 2023. In dollar terms, the gap has widened by $278 since 2009.