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 | Aransas County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,022 | $76,510 | $78,145 |
| Median Personal Income | $54,315 | $58,415 | $61,726 |
| Average income growth | 4.8% | 4.8% | 5.1% |
| Six-Figure Earners | 9.5% | 12.4% | 13.2% |
The median household income in Aransas County is about 19% lower than in Texas. Income has been growing faster in Aransas County (4.8%/yr) than in Texas (4.8%/yr).
About 10% of adults in Aransas 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 Aransas County, Texas grew by 48.5% from 2009 to 2023, reaching $62,022 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Aransas County | Gender Pay Gap | Gini Coefficient
| Metric | Aransas County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.592 | 0.587 | 0.570 |
| Male Median Income | $64,175 | $64,517 | $67,746 |
| Female Median Income | $42,660 | $51,419 | $54,793 |
| Gender Pay Gap | 33.5% | 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 Aransas County, it is 0.592, 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 50% more than women's income in Aransas County, Texas. Over a 35-year career, a 50% wage gap accumulates to roughly $753,025 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Aransas County, Texas has widened from about 16% to 34% in 2023. In dollar terms, the gap has widened by $14,628 since 2009.
Employment
| Metric | Aransas County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 5.1% | 5.2% |
| Working from Home | 13.1% | 12.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 602 people are unemployed in Aransas County, Texas.
The average commute time in Aransas County is 16 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aransas County, Texas has fallen from 6.4% to 6.2% in 2023.
Conclusion
Considering all these factors, Aransas County, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Aransas County, Texas.
How Wealthy Is Aransas County, Texas?
Aransas 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 $62,022, about 19% lower than the Texas average of $76,510.
What is the current median household income in Aransas County, Texas?
As of 2023, the median household income in Aransas County, Texas is $62,022.
What was the median household income in Aransas County in 2023?
In 2023, the median household income in Aransas County, Texas was $62,022.
What was the median household income in Aransas County in 2020?
In 2020, the median household income in Aransas County, Texas was $48,901.
What is the Gini coefficient in Aransas County, Texas?
The Gini coefficient in Aransas County is 0.592. 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 Aransas County, Texas?
Since 2009, the income gap between men and women in Aransas County, Texas has widened from about 16% to 34% in 2023. In dollar terms, the gap has widened by $14,628 since 2009.