Wealth Index
Wealthier than 78% of counties in Oklahoma
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 | Dewey County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,425 | $63,953 | $78,145 |
| Median Personal Income | $48,449 | $52,060 | $61,726 |
| Average income growth | 2.4% | 4.1% | 5.1% |
| Six-Figure Earners | 8.0% | 8.8% | 13.2% |
The median household income in Dewey County is about 6% lower than in Oklahoma. Income has been growing slower in Dewey County (2.4%/yr) than in Oklahoma (4.1%/yr).
About 8% of adults in Dewey 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 Dewey County, Oklahoma grew by 65.3% from 2009 to 2023, reaching $60,425 in 2023. That's an average of about 2.4% per year.
Economic Inequality in Dewey County | Gender Pay Gap | Gini Coefficient
| Metric | Dewey County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.564 | 0.560 | 0.570 |
| Male Median Income | $64,847 | $59,197 | $67,746 |
| Female Median Income | $38,924 | $45,400 | $54,793 |
| Gender Pay Gap | 40.0% | 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 Dewey County, it is 0.564, about the same as Oklahoma's 0.560, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 67% more than women's income in Dewey County, Oklahoma. Over a 35-year career, a 67% wage gap accumulates to roughly $907,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dewey County, Oklahoma has widened from about 23% to 40% in 2023. In dollar terms, the gap has widened by $17,515 since 2009.
Employment
| Metric | Dewey County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.8% | 5.2% |
| Working from Home | 5.2% | 8.5% | 13.4% |
| Commute time (minutes) | 13 | 18 | 22 |
Approximately 86 people are unemployed in Dewey County, Oklahoma.
The average commute time in Dewey County is 13 minutes, shorter than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dewey County, Oklahoma has risen from 2.0% to 4.5% in 2023.
Conclusion
Considering all these factors, Dewey County, Oklahoma has an overall wealth index grade of C, making it somewhat better than Oklahoma, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dewey County, Oklahoma.
How Rich Is Dewey County, Oklahoma?
Dewey 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 $60,425, about 6% lower than the Oklahoma average of $63,953.
What is the current median household income in Dewey County, Oklahoma?
As of 2023, the median household income in Dewey County, Oklahoma is $60,425.
What was the median household income in Dewey County in 2023?
In 2023, the median household income in Dewey County, Oklahoma was $60,425.
What was the median household income in Dewey County in 2020?
In 2020, the median household income in Dewey County, Oklahoma was $51,250.
What is the Gini coefficient in Dewey County, Oklahoma?
The Gini coefficient in Dewey County is 0.564. 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 Dewey County, Oklahoma?
Since 2009, the income gap between men and women in Dewey County, Oklahoma has widened from about 23% to 40% in 2023. In dollar terms, the gap has widened by $17,515 since 2009.