Wealth Index
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 | Crockett County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,964 | $76,510 | $78,145 |
| Median Personal Income | $50,710 | $58,415 | $61,726 |
| Average income growth | 11.1% | 4.8% | 5.1% |
| Six-Figure Earners | 4.7% | 12.4% | 13.2% |
The median household income in Crockett County is about 28% higher than in Texas. Income has been growing faster in Crockett County (11.1%/yr) than in Texas (4.8%/yr).
About 5% of adults in Crockett 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 Crockett County, Texas grew by 110.0% from 2009 to 2023, reaching $97,964 in 2023. That's an average of about 11.1% per year.
Economic Inequality in Crockett County | Gender Pay Gap | Gini Coefficient
| Metric | Crockett County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.587 | 0.570 |
| Male Median Income | $57,947 | $64,517 | $67,746 |
| Female Median Income | $36,490 | $51,419 | $54,793 |
| Gender Pay Gap | 37.0% | 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 Crockett County, it is 0.512, 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 59% more than women's income in Crockett County, Texas. Over a 35-year career, a 59% wage gap accumulates to roughly $750,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crockett County, Texas has narrowed from about 50% to 37% in 2023. In dollar terms, the gap has widened by $1,075 since 2009.
Employment
| Metric | Crockett County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 5.1% | 5.2% |
| Working from Home | 2.9% | 12.8% | 13.4% |
| Commute time (minutes) | 10 | 22 | 22 |
Approximately 41 people are unemployed in Crockett County, Texas.
The average commute time in Crockett County is 10 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crockett County, Texas has fallen from 10.8% to 2.8% in 2023.
Conclusion
Considering all these factors, Crockett 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 Crockett County, Texas.
How Rich Is Crockett County, Texas?
Crockett 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 $97,964, about 28% higher than the Texas average of $76,510.
What is the current median household income in Crockett County, Texas?
As of 2023, the median household income in Crockett County, Texas is $97,964.
What was the median household income in Crockett County in 2023?
In 2023, the median household income in Crockett County, Texas was $97,964.
What was the median household income in Crockett County in 2020?
In 2020, the median household income in Crockett County, Texas was $48,389.
What is the Gini coefficient in Crockett County, Texas?
The Gini coefficient in Crockett County is 0.512. 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 Crockett County, Texas?
Since 2009, the income gap between men and women in Crockett County, Texas has narrowed from about 50% to 37% in 2023. In dollar terms, the gap has widened by $1,075 since 2009.