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 | Bee County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,317 | $76,510 | $78,145 |
| Median Personal Income | $48,631 | $58,415 | $61,726 |
| Average income growth | 4.0% | 4.8% | 5.1% |
| Six-Figure Earners | 4.5% | 12.4% | 13.2% |
The median household income in Bee County is about 25% lower than in Texas. Income has been growing slower in Bee County (4.0%/yr) than in Texas (4.8%/yr).
About 5% of adults in Bee 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 Bee County, Texas grew by 59.9% from 2009 to 2023, reaching $57,317 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Bee County | Gender Pay Gap | Gini Coefficient
| Metric | Bee County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.696 | 0.587 | 0.570 |
| Male Median Income | $54,598 | $64,517 | $67,746 |
| Female Median Income | $39,667 | $51,419 | $54,793 |
| Gender Pay Gap | 27.3% | 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 Bee County, it is 0.696, 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 38% more than women's income in Bee County, Texas. Over a 35-year career, a 38% wage gap accumulates to roughly $522,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bee County, Texas has widened from about 22% to 27% in 2023. In dollar terms, the gap has widened by $7,620 since 2009.
Employment
| Metric | Bee County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 5.1% | 5.2% |
| Working from Home | 5.9% | 12.8% | 13.4% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 688 people are unemployed in Bee County, Texas.
The average commute time in Bee County is 13 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bee County, Texas has fallen from 8.6% to 5.9% in 2023.
Conclusion
Considering all these factors, Bee 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 Bee County, Texas.
How Rich Is Bee County, Texas?
Bee 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 $57,317, about 25% lower than the Texas average of $76,510.
What is the current median household income in Bee County, Texas?
As of 2023, the median household income in Bee County, Texas is $57,317.
What was the median household income in Bee County in 2023?
In 2023, the median household income in Bee County, Texas was $57,317.
What was the median household income in Bee County in 2020?
In 2020, the median household income in Bee County, Texas was $45,187.
What is the Gini coefficient in Bee County, Texas?
The Gini coefficient in Bee County is 0.696. 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 Bee County, Texas?
Since 2009, the income gap between men and women in Bee County, Texas has widened from about 22% to 27% in 2023. In dollar terms, the gap has widened by $7,620 since 2009.