Wealth Index
Wealthier than 81% 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 | Burnet County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,987 | $76,510 | $78,145 |
| Median Personal Income | $55,958 | $58,415 | $61,726 |
| Average income growth | 5.6% | 4.8% | 5.1% |
| Six-Figure Earners | 11.6% | 12.4% | 13.2% |
The median household income in Burnet County is about 1% higher than in Texas. Income has been growing faster in Burnet County (5.6%/yr) than in Texas (4.8%/yr).
About 12% of adults in Burnet 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 Burnet County, Texas grew by 64.7% from 2009 to 2023, reaching $76,987 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Burnet County | Gender Pay Gap | Gini Coefficient
| Metric | Burnet County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.587 | 0.570 |
| Male Median Income | $64,174 | $64,517 | $67,746 |
| Female Median Income | $46,707 | $51,419 | $54,793 |
| Gender Pay Gap | 27.2% | 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 Burnet County, it is 0.548, 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 37% more than women's income in Burnet County, Texas. Over a 35-year career, a 37% wage gap accumulates to roughly $611,345 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Burnet County, Texas has widened from about 21% to 27% in 2023. In dollar terms, the gap has widened by $9,838 since 2009.
Employment
| Metric | Burnet County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 5.1% | 5.2% |
| Working from Home | 12.1% | 12.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 569 people are unemployed in Burnet County, Texas.
The average commute time in Burnet County is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Burnet County, Texas has fallen from 5.6% to 2.3% in 2023.
Conclusion
Considering all these factors, Burnet County, Texas has an overall wealth index grade of C, making it somewhat better than Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Burnet County, Texas.
How Rich Is Burnet County, Texas?
Burnet 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 $76,987, about 1% higher than the Texas average of $76,510.
What is the current median household income in Burnet County, Texas?
As of 2023, the median household income in Burnet County, Texas is $76,987.
What was the median household income in Burnet County in 2023?
In 2023, the median household income in Burnet County, Texas was $76,987.
What was the median household income in Burnet County in 2020?
In 2020, the median household income in Burnet County, Texas was $59,895.
What is the Gini coefficient in Burnet County, Texas?
The Gini coefficient in Burnet County is 0.548. 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 Burnet County, Texas?
Since 2009, the income gap between men and women in Burnet County, Texas has widened from about 21% to 27% in 2023. In dollar terms, the gap has widened by $9,838 since 2009.