Wealth Index
Wealthier 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 | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,305 | $76,510 | $78,145 |
| Median Personal Income | $64,438 | $58,415 | $61,726 |
| Average income growth | 8.2% | 4.8% | 5.1% |
| Six-Figure Earners | 10.0% | 12.4% | 13.2% |
The median household income in Clay County is about 2% higher than in Texas. Income has been growing faster in Clay County (8.2%/yr) than in Texas (4.8%/yr).
About 10% of adults in Clay 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 Clay County, Texas grew by 50.8% from 2009 to 2023, reaching $78,305 in 2023. That's an average of about 8.2% per year.
Economic Inequality in Clay County | Gender Pay Gap | Gini Coefficient
| Metric | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.587 | 0.570 |
| Male Median Income | $75,336 | $64,517 | $67,746 |
| Female Median Income | $53,355 | $51,419 | $54,793 |
| Gender Pay Gap | 29.2% | 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 Clay County, it is 0.545, 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 41% more than women's income in Clay County, Texas. Over a 35-year career, a 41% wage gap accumulates to roughly $769,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clay County, Texas has widened from about 25% to 29% in 2023. In dollar terms, the gap has widened by $11,136 since 2009.
Employment
| Metric | Clay County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.9% | 5.1% | 5.2% |
| Working from Home | 5.2% | 12.8% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 94 people are unemployed in Clay County, Texas.
The average commute time in Clay County is 25 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clay County, Texas has fallen from 5.4% to 1.9% in 2023.
Conclusion
Considering all these factors, Clay County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clay County, Texas.
How Rich Is Clay County, Texas?
Clay 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 $78,305, about 2% higher than the Texas average of $76,510.
What is the current median household income in Clay County, Texas?
As of 2023, the median household income in Clay County, Texas is $78,305.
What was the median household income in Clay County in 2023?
In 2023, the median household income in Clay County, Texas was $78,305.
What was the median household income in Clay County in 2020?
In 2020, the median household income in Clay County, Texas was $62,448.
What is the Gini coefficient in Clay County, Texas?
The Gini coefficient in Clay County is 0.545. 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 Clay County, Texas?
Since 2009, the income gap between men and women in Clay County, Texas has widened from about 25% to 29% in 2023. In dollar terms, the gap has widened by $11,136 since 2009.