Wealth Index
Wealthier than 86% of counties in Texas
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 | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,113 | $76,510 | $78,145 |
| Median Personal Income | $59,113 | $58,415 | $61,726 |
| Average income growth | 4.3% | 4.8% | 5.1% |
| Six-Figure Earners | 12.6% | 12.4% | 13.2% |
The median household income in Austin County is about 1% lower than in Texas. Income has been growing slower in Austin County (4.3%/yr) than in Texas (4.8%/yr).
About 13% of adults in Austin County earn six figures ($100,000 or more) a year, about the same as the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Austin County, Texas grew by 48.0% from 2009 to 2023, reaching $76,113 in 2023. That's an average of about 4.3% per year.
Economic Inequality in Austin County | Gender Pay Gap | Gini Coefficient
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.587 | 0.570 |
| Male Median Income | $71,072 | $64,517 | $67,746 |
| Female Median Income | $47,635 | $51,419 | $54,793 |
| Gender Pay Gap | 33.0% | 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 Austin County, it is 0.563, lower than Texas's 0.587, 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 49% more than women's income in Austin County, Texas. Over a 35-year career, a 49% wage gap accumulates to roughly $820,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Austin County, Texas has widened from about 32% to 33% in 2023. In dollar terms, the gap has widened by $8,763 since 2009.
Employment
| Metric | Austin County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.1% | 5.2% |
| Working from Home | 9.2% | 12.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 615 people are unemployed in Austin County, Texas.
The average commute time in Austin County is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Austin County, Texas has fallen from 5.7% to 4.2% in 2023.
Conclusion
Considering all these factors, Austin County, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Austin County, Texas.
How Wealthy Is Austin County, Texas?
Austin County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $76,113, about 1% lower than the Texas average of $76,510.
What is the current median household income in Austin County, Texas?
As of 2023, the median household income in Austin County, Texas is $76,113.
What was the median household income in Austin County in 2023?
In 2023, the median household income in Austin County, Texas was $76,113.
What was the median household income in Austin County in 2020?
In 2020, the median household income in Austin County, Texas was $65,485.
What is the Gini coefficient in Austin County, Texas?
The Gini coefficient in Austin County is 0.563. 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 Austin County, Texas?
Since 2009, the income gap between men and women in Austin County, Texas has widened from about 32% to 33% in 2023. In dollar terms, the gap has widened by $8,763 since 2009.