Wealth Index
Wealthier than 80% 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 | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,534 | $76,510 | $78,145 |
| Median Personal Income | $54,176 | $58,415 | $61,726 |
| Average income growth | 5.7% | 4.8% | 5.1% |
| Six-Figure Earners | 9.4% | 12.4% | 13.2% |
The median household income in Bastrop County is about 8% higher than in Texas. Income has been growing faster in Bastrop County (5.7%/yr) than in Texas (4.8%/yr).
About 9% of adults in Bastrop 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 Bastrop County, Texas grew by 63.0% from 2009 to 2023, reaching $82,534 in 2023. That's an average of about 5.7% per year.
Economic Inequality in Bastrop County | Gender Pay Gap | Gini Coefficient
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.587 | 0.570 |
| Male Median Income | $59,711 | $64,517 | $67,746 |
| Female Median Income | $49,730 | $51,419 | $54,793 |
| Gender Pay Gap | 16.7% | 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 Bastrop County, it is 0.570, lower than Texas's 0.587, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 20% more than women's income in Bastrop County, Texas. Over a 35-year career, a 20% wage gap accumulates to roughly $349,335 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Bastrop County, Texas has stayed about the same since 2009, at around 17%. In dollar terms, the gap has widened by $3,346 since 2009.
Employment
| Metric | Bastrop County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 5.1% | 5.2% |
| Working from Home | 13.6% | 12.8% | 13.4% |
| Commute time (minutes) | 33 | 22 | 22 |
Approximately 2,262 people are unemployed in Bastrop County, Texas.
The average commute time in Bastrop County is 33 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bastrop County, Texas has fallen from 7.6% to 4.6% in 2023.
Conclusion
Considering all these factors, Bastrop County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bastrop County, Texas.
How Rich Is Bastrop County, Texas?
Bastrop 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 $82,534, about 8% higher than the Texas average of $76,510.
What is the current median household income in Bastrop County, Texas?
As of 2023, the median household income in Bastrop County, Texas is $82,534.
What was the median household income in Bastrop County in 2023?
In 2023, the median household income in Bastrop County, Texas was $82,534.
What was the median household income in Bastrop County in 2020?
In 2020, the median household income in Bastrop County, Texas was $71,044.
What is the Gini coefficient in Bastrop County, Texas?
The Gini coefficient in Bastrop County is 0.570. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Bastrop County, Texas?
The income gap between men and women in Bastrop County, Texas has stayed about the same since 2009, at around 17%. In dollar terms, the gap has widened by $3,346 since 2009.