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 | Nowata County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,234 | $63,953 | $78,145 |
| Median Personal Income | $50,773 | $52,060 | $61,726 |
| Average income growth | 4.1% | 4.1% | 5.1% |
| Six-Figure Earners | 7.4% | 8.8% | 13.2% |
The median household income in Nowata County is about 17% lower than in Oklahoma. Income has been growing slower in Nowata County (4.1%/yr) than in Oklahoma (4.1%/yr).
About 7% of adults in Nowata 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 Nowata County, Oklahoma grew by 46.2% from 2009 to 2023, reaching $53,234 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Nowata County | Gender Pay Gap | Gini Coefficient
| Metric | Nowata County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.560 | 0.570 |
| Male Median Income | $58,265 | $59,197 | $67,746 |
| Female Median Income | $43,460 | $45,400 | $54,793 |
| Gender Pay Gap | 25.4% | 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 Nowata County, it is 0.545, 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 34% more than women's income in Nowata County, Oklahoma. Over a 35-year career, a 34% wage gap accumulates to roughly $518,175 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Nowata County, Oklahoma has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $6,141 since 2009.
Employment
| Metric | Nowata County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.8% | 5.2% |
| Working from Home | 9.5% | 8.5% | 13.4% |
| Commute time (minutes) | 22 | 18 | 22 |
Approximately 206 people are unemployed in Nowata County, Oklahoma.
The average commute time in Nowata County is 22 minutes, longer than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Nowata County, Oklahoma has fallen from 6.2% to 5.1% in 2023.
Conclusion
Considering all these factors, Nowata 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 Nowata County, Oklahoma.
How Rich Is Nowata County, Oklahoma?
Nowata 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 $53,234, about 17% lower than the Oklahoma average of $63,953.
What is the current median household income in Nowata County, Oklahoma?
As of 2023, the median household income in Nowata County, Oklahoma is $53,234.
What was the median household income in Nowata County in 2023?
In 2023, the median household income in Nowata County, Oklahoma was $53,234.
What was the median household income in Nowata County in 2020?
In 2020, the median household income in Nowata County, Oklahoma was $42,432.
What is the Gini coefficient in Nowata County, Oklahoma?
The Gini coefficient in Nowata County is 0.545. 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 Nowata County, Oklahoma?
The income gap between men and women in Nowata County, Oklahoma has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $6,141 since 2009.