Wealth Index
Wealthier than 75% 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 | Texas County | Oklahoma Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,007 | $63,953 | $78,145 |
| Median Personal Income | $44,962 | $52,060 | $61,726 |
| Average income growth | 2.1% | 4.1% | 5.1% |
| Six-Figure Earners | 3.6% | 8.8% | 13.2% |
The median household income in Texas County is about 8% lower than in Oklahoma. Income has been growing slower in Texas County (2.1%/yr) than in Oklahoma (4.1%/yr).
About 4% of adults in Texas 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 Texas County, Oklahoma grew by 41.3% from 2009 to 2023, reaching $59,007 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Texas County | Gender Pay Gap | Gini Coefficient
| Metric | Texas County | Oklahoma Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.560 | 0.570 |
| Male Median Income | $51,457 | $59,197 | $67,746 |
| Female Median Income | $40,715 | $45,400 | $54,793 |
| Gender Pay Gap | 20.9% | 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 Texas County, it is 0.519, 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 26% more than women's income in Texas County, Oklahoma. Over a 35-year career, a 26% wage gap accumulates to roughly $375,970 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Texas County, Oklahoma has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $3,529 since 2009.
Employment
| Metric | Texas County | Oklahoma Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.8% | 5.2% |
| Working from Home | 3.1% | 8.5% | 13.4% |
| Commute time (minutes) | 11 | 18 | 22 |
Approximately 252 people are unemployed in Texas County, Oklahoma.
The average commute time in Texas County is 11 minutes, shorter than the 18 minutes in Oklahoma.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Texas County, Oklahoma has fallen from 6.2% to 2.5% in 2023.
Conclusion
Considering all these factors, Texas 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 Texas County, Oklahoma.
How Rich Is Texas County, Oklahoma?
Texas 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 $59,007, about 8% lower than the Oklahoma average of $63,953.
What is the current median household income in Texas County, Oklahoma?
As of 2023, the median household income in Texas County, Oklahoma is $59,007.
What was the median household income in Texas County in 2023?
In 2023, the median household income in Texas County, Oklahoma was $59,007.
What was the median household income in Texas County in 2020?
In 2020, the median household income in Texas County, Oklahoma was $51,485.
What is the Gini coefficient in Texas County, Oklahoma?
The Gini coefficient in Texas County is 0.519. 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 Texas County, Oklahoma?
The income gap between men and women in Texas County, Oklahoma has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $3,529 since 2009.