Colorado County, Texas Income Statistics
Colorado 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.
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C
Colorado County Below averageWealthier than 77% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Colorado County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,537 | $78,939 | $80,455 |
| Median Personal Income | $51,871 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.6% | 4.8% |
| Six-Figure Earners | 9.0% | 13.0% | 13.9% |
| $200k+ Households | 8.6% | 12.5% | 13.2% |
The median household income in Colorado County is about 13% lower than in Texas. Income has been growing faster in Colorado County (5.4%/yr) than in Texas (4.6%/yr).
About 9% of adults in Colorado 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 Colorado County, Texas grew by 75.5% from 2009 to 2024, reaching $68,537 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Colorado County
| Metric | Colorado County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.570 | 0.552 |
| Male Median Income | $60,752 | $66,147 | $69,667 |
| Female Median Income | $47,688 | $53,058 | $56,850 |
| Gender Pay Gap | 21.5% | 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 Colorado County, it is 0.532, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Colorado County, Texas. Over a 35-year career, a 27% wage gap accumulates to roughly $457,240 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Colorado County, Texas has narrowed from about 28% to 22% in 2024. Over that period the gap was widest at 31% in 2022, and was narrowest at 4% in 2014. In dollar terms, the gap has widened by $2,148 since 2009.
Employment
| Metric | Colorado County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 5.2% | 5.2% |
| Working from Home | 5.1% | 14.4% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 272 people are unemployed in Colorado County, Texas.
The average commute time in Colorado County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Colorado County, Texas has fallen from 5.4% to 2.9% in 2024. Over that period the rate peaked at 5.7% in 2022 and fell as low as 2.9% in 2017.
Colorado County, TX Wealth Compared With Nearby Counties
Colorado County, TX is the 5th largest of the 6 counties compared here, 21,006 residents against a local median of 31,170. The measure that sets Colorado County, TX apart most is income growth: 5.4%/yr, 17% above the local median of 4.6%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.6%/yr on income growth, so Colorado County, TX sits at one end of an already wide local range rather than apart from it. Colorado County, TX has the 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. |
|---|---|---|---|---|---|
| Colorado County, TX | 21,006 | $68,537 #4/6 | 5.4%/yr #1/6 | 2.9% #2/6 | 0.532 #2/6 |
| Austin County, TX | 31,170 | $75,855 | 3.7%/yr | 4.3% | 0.560 |
| Wharton County, TX | 41,794 | $68,105 | 5.0%/yr | 4.9% | 0.557 |
| Lavaca County, TX | 20,552 | $63,715 | 3.6%/yr | 3.1% | 0.532 |
| Fayette County, TX | 25,042 | $76,163 | 5.2%/yr | 2.3% | 0.510 |
| Washington County, TX | 36,647 | $76,366 | 4.6%/yr | 3.0% | 0.540 |
Conclusion
Considering all these factors, Colorado 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 Colorado County, Texas.
How Rich Is Colorado County, Texas?
Colorado 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 $68,537, about 13% lower than the Texas average of $78,939.
How has median household income changed in Colorado County, Texas?
Between 2009 and 2024, the median household income in Colorado County, Texas rose 76%, from $39,043 to $68,537. Over the same years, income here outpaced Texas as a whole: +76% against +64%.
What was the median household income in Colorado County in 2023?
In 2023, the median household income in Colorado County, Texas was $68,898, up 10% from $62,741 in 2022. The Texas median that year was $76,528.
What was the median household income in Colorado County in 2020?
In 2020, the median household income in Colorado County, Texas was $53,544. By 2024 it had risen 28% to $68,537.
Is unemployment high in Colorado County, Texas?
Unemployment in Colorado County, Texas is only 2.9%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Colorado County, Texas?
The Gini coefficient in Colorado County is 0.532. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Colorado County, Texas?
Since 2009, the income gap between men and women in Colorado County, Texas has narrowed from about 28% to 22% in 2024. Over that period the gap was widest at 31% in 2022, and was narrowest at 4% in 2014. In dollar terms, the gap has widened by $2,148 since 2009.
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