Wealth Index
Among the top 5 wealthiest 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 | Chambers County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $106,316 | $76,510 | $78,145 |
| Median Personal Income | $75,544 | $58,415 | $61,726 |
| Average income growth | 6.0% | 4.8% | 5.1% |
| Six-Figure Earners | 17.4% | 12.4% | 13.2% |
The median household income in Chambers County is about 39% higher than in Texas. Income has been growing faster in Chambers County (6.0%/yr) than in Texas (4.8%/yr).
About 17% of adults in Chambers 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 Chambers County, Texas grew by 75.8% from 2009 to 2023, reaching $106,316 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Chambers County | Gender Pay Gap | Gini Coefficient
| Metric | Chambers County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.588 | 0.587 | 0.570 |
| Male Median Income | $91,859 | $64,517 | $67,746 |
| Female Median Income | $56,261 | $51,419 | $54,793 |
| Gender Pay Gap | 38.8% | 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 Chambers County, it is 0.588, about the same as Texas's 0.587, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 63% more than women's income in Chambers County, Texas. Over a 35-year career, a 63% wage gap accumulates to roughly $1,245,930 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Chambers County, Texas has widened from about 36% to 39% in 2023. In dollar terms, the gap has widened by $14,841 since 2009.
Employment
| Metric | Chambers County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.3% | 5.1% | 5.2% |
| Working from Home | 5.4% | 12.8% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 1,811 people are unemployed in Chambers County, Texas.
The average commute time in Chambers County is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Chambers County, Texas has risen from 5.6% to 7.3% in 2023.
Conclusion
Considering all these factors, Chambers 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 Chambers County, Texas.
How Rich Is Chambers County, Texas?
Chambers 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 $106,316, about 39% higher than the Texas average of $76,510.
What is the current median household income in Chambers County, Texas?
As of 2023, the median household income in Chambers County, Texas is $106,316.
What was the median household income in Chambers County in 2023?
In 2023, the median household income in Chambers County, Texas was $106,316.
What was the median household income in Chambers County in 2020?
In 2020, the median household income in Chambers County, Texas was $95,966.
What is the Gini coefficient in Chambers County, Texas?
The Gini coefficient in Chambers County is 0.588. 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 Chambers County, Texas?
Since 2009, the income gap between men and women in Chambers County, Texas has widened from about 36% to 39% in 2023. In dollar terms, the gap has widened by $14,841 since 2009.