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 | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,878 | $76,510 | $78,145 |
| Median Personal Income | $48,273 | $58,415 | $61,726 |
| Average income growth | 4.8% | 4.8% | 5.1% |
| Six-Figure Earners | 5.5% | 12.4% | 13.2% |
The median household income in Anderson County is about 23% lower than in Texas. Income has been growing faster in Anderson County (4.8%/yr) than in Texas (4.8%/yr).
About 5% of adults in Anderson County earn six figures ($100,000 or more) a year, lower than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Anderson County, Texas grew by 50.0% from 2009 to 2023, reaching $58,878 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Anderson County | Gender Pay Gap | Gini Coefficient
| Metric | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.655 | 0.587 | 0.570 |
| Male Median Income | $54,829 | $64,517 | $67,746 |
| Female Median Income | $37,992 | $51,419 | $54,793 |
| Gender Pay Gap | 30.7% | 20.3% | 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 Anderson County, it is 0.655, higher than Texas's 0.587, 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 44% more than women's income in Anderson County, Texas. Over a 35-year career, a 44% wage gap accumulates to roughly $589,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Anderson County, Texas has widened from about 21% to 31% in 2023. In dollar terms, the gap has widened by $9,279 since 2009.
Employment
| Metric | Anderson County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.1% | 5.2% |
| Working from Home | 4.8% | 12.8% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 1,157 people are unemployed in Anderson County, Texas.
The average commute time in Anderson County is 20 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Anderson County, Texas has fallen from 7.4% to 5.3% in 2023.
Conclusion
Considering all these factors, Anderson County, Texas has an overall wealth index grade of F, making it worse than Texas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Anderson County, Texas.
How Wealthy Is Anderson County, Texas?
Anderson County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $58,878, about 23% lower than the Texas average of $76,510.
What is the current median household income in Anderson County, Texas?
As of 2023, the median household income in Anderson County, Texas is $58,878.
What was the median household income in Anderson County in 2023?
In 2023, the median household income in Anderson County, Texas was $58,878.
What was the median household income in Anderson County in 2020?
In 2020, the median household income in Anderson County, Texas was $46,187.
What is the Gini coefficient in Anderson County, Texas?
The Gini coefficient in Anderson County is 0.655. 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 Anderson County, Texas?
Since 2009, the income gap between men and women in Anderson County, Texas has widened from about 21% to 31% in 2023. In dollar terms, the gap has widened by $9,279 since 2009.