Wealth Index
Less wealthy than 75% 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 | Cherokee County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,886 | $76,510 | $78,145 |
| Median Personal Income | $46,200 | $58,415 | $61,726 |
| Average income growth | 5.6% | 4.8% | 5.1% |
| Six-Figure Earners | 6.9% | 12.4% | 13.2% |
The median household income in Cherokee County is about 22% lower than in Texas. Income has been growing faster in Cherokee County (5.6%/yr) than in Texas (4.8%/yr).
About 7% of adults in Cherokee 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 Cherokee County, Texas grew by 63.9% from 2009 to 2023, reaching $59,886 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Cherokee County | Gender Pay Gap | Gini Coefficient
| Metric | Cherokee County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.581 | 0.587 | 0.570 |
| Male Median Income | $53,236 | $64,517 | $67,746 |
| Female Median Income | $37,803 | $51,419 | $54,793 |
| Gender Pay Gap | 29.0% | 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 Cherokee County, it is 0.581, lower than Texas's 0.587, so income is more 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 41% more than women's income in Cherokee County, Texas. Over a 35-year career, a 41% wage gap accumulates to roughly $540,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cherokee County, Texas has widened from about 22% to 29% in 2023. In dollar terms, the gap has widened by $7,924 since 2009.
Employment
| Metric | Cherokee County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 5.1% | 5.2% |
| Working from Home | 10.6% | 12.8% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 1,328 people are unemployed in Cherokee County, Texas.
The average commute time in Cherokee County is 20 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cherokee County, Texas has risen from 6.1% to 6.2% in 2023.
Conclusion
Considering all these factors, Cherokee County, Texas has an overall wealth index grade of D, making it somewhat worse than Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cherokee County, Texas.
How Rich Is Cherokee County, Texas?
Cherokee County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,886, about 22% lower than the Texas average of $76,510.
What is the current median household income in Cherokee County, Texas?
As of 2023, the median household income in Cherokee County, Texas is $59,886.
What was the median household income in Cherokee County in 2023?
In 2023, the median household income in Cherokee County, Texas was $59,886.
What was the median household income in Cherokee County in 2020?
In 2020, the median household income in Cherokee County, Texas was $50,150.
What is the Gini coefficient in Cherokee County, Texas?
The Gini coefficient in Cherokee County is 0.581. 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 Cherokee County, Texas?
Since 2009, the income gap between men and women in Cherokee County, Texas has widened from about 22% to 29% in 2023. In dollar terms, the gap has widened by $7,924 since 2009.