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 | Mayes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,259 | $63,953 | $78,145 |
| Median Personal Income | $49,448 | $52,060 | $61,726 |
| Average income growth | 4.0% | 4.1% | 5.1% |
| Six-Figure Earners | 7.0% | 8.8% | 13.2% |
The median household income in Mayes County is about 10% lower than in Oklahoma. Income has been growing slower in Mayes County (4.0%/yr) than in Oklahoma (4.1%/yr).
About 7% of adults in Mayes 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 Mayes County, Oklahoma grew by 45.4% from 2009 to 2023, reaching $57,259 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Mayes County | Gender Pay Gap | Gini Coefficient
| Metric | Mayes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.560 | 0.570 |
| Male Median Income | $59,168 | $59,197 | $67,746 |
| Female Median Income | $40,012 | $45,400 | $54,793 |
| Gender Pay Gap | 32.4% | 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 Mayes County, it is 0.548, 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 48% more than women's income in Mayes County, Oklahoma. Over a 35-year career, a 48% wage gap accumulates to roughly $670,460 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mayes County, Oklahoma has widened from about 30% to 32% in 2023. In dollar terms, the gap has widened by $7,233 since 2009.
Employment
| Metric | Mayes County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 4.8% | 5.2% |
| Working from Home | 7.1% | 8.5% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 1,180 people are unemployed in Mayes County, Oklahoma.
The average commute time in Mayes County is 21 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mayes County, Oklahoma has fallen from 8.2% to 6.6% in 2023.
Conclusion
Considering all these factors, Mayes County, Oklahoma has an overall wealth index grade of D, making it about on par with Oklahoma, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mayes County, Oklahoma.
How Rich Is Mayes County, Oklahoma?
Mayes 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 $57,259, about 10% lower than the Oklahoma average of $63,953.
What is the current median household income in Mayes County, Oklahoma?
As of 2023, the median household income in Mayes County, Oklahoma is $57,259.
What was the median household income in Mayes County in 2023?
In 2023, the median household income in Mayes County, Oklahoma was $57,259.
What was the median household income in Mayes County in 2020?
In 2020, the median household income in Mayes County, Oklahoma was $50,012.
What is the Gini coefficient in Mayes County, Oklahoma?
The Gini coefficient in Mayes County is 0.548. 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 Mayes County, Oklahoma?
Since 2009, the income gap between men and women in Mayes County, Oklahoma has widened from about 30% to 32% in 2023. In dollar terms, the gap has widened by $7,233 since 2009.