Wealth Index
Least wealthy county 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 | Hughes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,236 | $63,953 | $78,145 |
| Median Personal Income | $41,544 | $52,060 | $61,726 |
| Average income growth | 4.7% | 4.1% | 5.1% |
| Six-Figure Earners | 2.0% | 8.8% | 13.2% |
The median household income in Hughes County is about 25% lower than in Oklahoma. Income has been growing faster in Hughes County (4.7%/yr) than in Oklahoma (4.1%/yr).
About 2% of adults in Hughes 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 Hughes County, Oklahoma grew by 56.3% from 2009 to 2023, reaching $48,236 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Hughes County | Gender Pay Gap | Gini Coefficient
| Metric | Hughes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.615 | 0.560 | 0.570 |
| Male Median Income | $44,417 | $59,197 | $67,746 |
| Female Median Income | $38,708 | $45,400 | $54,793 |
| Gender Pay Gap | 12.9% | 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 Hughes County, it is 0.615, higher than Oklahoma's 0.560, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 15% more than women's income in Hughes County, Oklahoma. Over a 35-year career, a 15% wage gap accumulates to roughly $199,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hughes County, Oklahoma has narrowed from about 26% to 13% in 2023. In dollar terms, the gap has narrowed by $3,707 since 2009.
Employment
| Metric | Hughes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.8% | 5.2% |
| Working from Home | 11.2% | 8.5% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 257 people are unemployed in Hughes County, Oklahoma.
The average commute time in Hughes County is 21 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hughes County, Oklahoma has fallen from 8.9% to 5.5% in 2023.
Conclusion
Considering all these factors, Hughes 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 Hughes County, Oklahoma.
How Rich Is Hughes County, Oklahoma?
Hughes 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 $48,236, about 25% lower than the Oklahoma average of $63,953.
What is the current median household income in Hughes County, Oklahoma?
As of 2023, the median household income in Hughes County, Oklahoma is $48,236.
What was the median household income in Hughes County in 2023?
In 2023, the median household income in Hughes County, Oklahoma was $48,236.
What was the median household income in Hughes County in 2020?
In 2020, the median household income in Hughes County, Oklahoma was $38,181.
What is the Gini coefficient in Hughes County, Oklahoma?
The Gini coefficient in Hughes County is 0.615. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Hughes County, Oklahoma?
Since 2009, the income gap between men and women in Hughes County, Oklahoma has narrowed from about 26% to 13% in 2023. In dollar terms, the gap has narrowed by $3,707 since 2009.