Wealth Index
Wealthier than 91% 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 | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,233 | $76,510 | $78,145 |
| Median Personal Income | $64,430 | $58,415 | $61,726 |
| Average income growth | 6.4% | 4.8% | 5.1% |
| Six-Figure Earners | 14.9% | 12.4% | 13.2% |
The median household income in Blanco County is about 10% higher than in Texas. Income has been growing faster in Blanco County (6.4%/yr) than in Texas (4.8%/yr).
About 15% of adults in Blanco County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Blanco County, Texas grew by 67.7% from 2009 to 2023, reaching $84,233 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Blanco County | Gender Pay Gap | Gini Coefficient
| Metric | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.587 | 0.570 |
| Male Median Income | $74,677 | $64,517 | $67,746 |
| Female Median Income | $53,260 | $51,419 | $54,793 |
| Gender Pay Gap | 28.7% | 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 Blanco County, it is 0.553, 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 40% more than women's income in Blanco County, Texas. Over a 35-year career, a 40% wage gap accumulates to roughly $749,595 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Blanco County, Texas has widened from about 18% to 29% in 2023. In dollar terms, the gap has widened by $14,130 since 2009.
Employment
| Metric | Blanco County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 5.1% | 5.2% |
| Working from Home | 15.4% | 12.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 204 people are unemployed in Blanco County, Texas.
The average commute time in Blanco County is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Blanco County, Texas has fallen from 6.2% to 3.5% in 2023.
Conclusion
Considering all these factors, Blanco 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 Blanco County, Texas.
How Rich Is Blanco County, Texas?
Blanco 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 $84,233, about 10% higher than the Texas average of $76,510.
What is the current median household income in Blanco County, Texas?
As of 2023, the median household income in Blanco County, Texas is $84,233.
What was the median household income in Blanco County in 2023?
In 2023, the median household income in Blanco County, Texas was $84,233.
What was the median household income in Blanco County in 2020?
In 2020, the median household income in Blanco County, Texas was $68,821.
What is the Gini coefficient in Blanco County, Texas?
The Gini coefficient in Blanco County is 0.553. 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 Blanco County, Texas?
Since 2009, the income gap between men and women in Blanco County, Texas has widened from about 18% to 29% in 2023. In dollar terms, the gap has widened by $14,130 since 2009.