Cochran County, Texas Income Statistics
Cochran County Wealth Score
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.
-
D
Cochran County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,222 | $78,939 | $80,455 |
| Median Personal Income | $41,714 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.0% | 4.6% | 4.8% |
| Six-Figure Earners | 3.3% | 13.0% | 13.9% |
| $200k+ Households | 2.3% | 12.5% | 13.2% |
The median household income in Cochran County is about 43% lower than in Texas. Income has been growing slower in Cochran County (2.0%/yr) than in Texas (4.6%/yr).
About 3% of adults in Cochran County earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cochran County, Texas grew by 30.0% from 2009 to 2024, reaching $45,222 in 2024. That's an average of about 2.0% per year.
Income Inequality and the Gender Pay Gap in Cochran County
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.570 | 0.552 |
| Male Median Income | $45,874 | $66,147 | $69,667 |
| Female Median Income | $33,957 | $53,058 | $56,850 |
| Gender Pay Gap | 26.0% | 19.8% | 18.4% |
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 Cochran County, it is 0.575, about the same as Texas's 0.570, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 35% more than women's income in Cochran County, Texas. Over a 35-year career, a 35% wage gap accumulates to roughly $417,095 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cochran County, Texas has widened from about -10% to 26% in 2024. In dollar terms, the gap has widened by $14,927 since 2009.
Employment
| Metric | Cochran County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.2% | 5.2% |
| Working from Home | 4.6% | 14.4% | 15.0% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 54 people are unemployed in Cochran County, Texas.
The average commute time in Cochran County is 22 minutes, about the same as in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cochran County, Texas has fallen from 10.5% to 4.8% in 2024. Over that period the rate peaked at 13.6% in 2013.
Cochran County, TX Wealth Compared With Nearby Counties
Cochran County, TX is the smallest of the 6 counties compared here, 2,550 residents against a local median of 11,629. Where Cochran County, TX breaks from the counties next to it is income growth, sitting 60% below the local median of 5.0%/yr at 2.0%/yr. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $45,222 against a local median of $62,241, 27% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Cochran County, TX reads weaker than its neighbours on all of them. The counties themselves spread 4.5%/yr on income growth, so Cochran County, TX sits at one end of an already wide local range rather than apart from it. Cochran County, TX has the 5th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Cochran County, TX | 2,550 | $45,222 #5/6 | 2.0%/yr #5/6 | 4.8% #5/6 | 0.575 #3/6 |
| Yoakum County, TX | 7,571 | $86,598 | 5.4%/yr | 6.9% | 0.578 |
| Bailey County, TX | 6,913 | $62,241 | 5.8%/yr | 1.0% | 0.589 |
| Hockley County, TX | 21,363 | $63,140 | 3.0%/yr | 4.7% | 0.563 |
| Terry County, TX | 11,629 | $43,966 | 1.3%/yr | 4.5% | 0.591 |
| Lamb County, TX | 12,828 | $61,051 | 5.0%/yr | 2.1% | 0.553 |
Conclusion
Considering all these factors, Cochran 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 Cochran County, Texas.
How Rich Is Cochran County, Texas?
Cochran 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 $45,222, about 43% lower than the Texas average of $78,939.
How has median household income changed in Cochran County, Texas?
Between 2009 and 2024, the median household income in Cochran County, Texas rose 30%, from $34,793 to $45,222. Over the same years, income here lagged behind Texas as a whole: +30% against +64%.
What was the median household income in Cochran County in 2023?
In 2023, the median household income in Cochran County, Texas was $43,397, up 4% from $41,643 in 2022. The Texas median that year was $76,528.
What was the median household income in Cochran County in 2020?
In 2020, the median household income in Cochran County, Texas was $40,555. By 2024 it had risen 12% to $45,222.
What is the Gini coefficient in Cochran County, Texas?
The Gini coefficient in Cochran County is 0.575. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Cochran County, Texas?
Since 2009, the income gap between men and women in Cochran County, Texas has widened from about -10% to 26% in 2024. In dollar terms, the gap has widened by $14,927 since 2009.
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