Wealth Index
Wealthier than 84% 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 | Noble County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,486 | $63,953 | $78,145 |
| Median Personal Income | $53,507 | $52,060 | $61,726 |
| Average income growth | 4.9% | 4.1% | 5.1% |
| Six-Figure Earners | 8.3% | 8.8% | 13.2% |
The median household income in Noble County is about 7% higher than in Oklahoma. Income has been growing faster in Noble County (4.9%/yr) than in Oklahoma (4.1%/yr).
About 8% of adults in Noble County earn six figures ($100,000 or more) a year, about the same as the Oklahoma average of 9%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Noble County, Oklahoma grew by 78.9% from 2009 to 2023, reaching $68,486 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Noble County | Gender Pay Gap | Gini Coefficient
| Metric | Noble County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.560 | 0.570 |
| Male Median Income | $59,816 | $59,197 | $67,746 |
| Female Median Income | $48,270 | $45,400 | $54,793 |
| Gender Pay Gap | 19.3% | 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 Noble County, it is 0.549, 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 24% more than women's income in Noble County, Oklahoma. Over a 35-year career, a 24% wage gap accumulates to roughly $404,110 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Noble County, Oklahoma has narrowed from about 33% to 19% in 2023. In dollar terms, the gap has narrowed by $1,540 since 2009.
Employment
| Metric | Noble County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.8% | 5.2% |
| Working from Home | 4.6% | 8.5% | 13.4% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 113 people are unemployed in Noble County, Oklahoma.
The average commute time in Noble County is 16 minutes, shorter than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Noble County, Oklahoma has fallen from 5.5% to 2.3% in 2023.
Conclusion
Considering all these factors, Noble 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 Noble County, Oklahoma.
How Rich Is Noble County, Oklahoma?
Noble 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 $68,486, about 7% higher than the Oklahoma average of $63,953.
What is the current median household income in Noble County, Oklahoma?
As of 2023, the median household income in Noble County, Oklahoma is $68,486.
What was the median household income in Noble County in 2023?
In 2023, the median household income in Noble County, Oklahoma was $68,486.
What was the median household income in Noble County in 2020?
In 2020, the median household income in Noble County, Oklahoma was $60,039.
What is the Gini coefficient in Noble County, Oklahoma?
The Gini coefficient in Noble County is 0.549. 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 Noble County, Oklahoma?
Since 2009, the income gap between men and women in Noble County, Oklahoma has narrowed from about 33% to 19% in 2023. In dollar terms, the gap has narrowed by $1,540 since 2009.