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 | Dimmit County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $34,027 | $76,510 | $78,145 |
| Median Personal Income | $48,636 | $58,415 | $61,726 |
| Average income growth | 0.5% | 4.8% | 5.1% |
| Six-Figure Earners | 4.7% | 12.4% | 13.2% |
The median household income in Dimmit County is about 56% lower than in Texas. Income has been growing slower in Dimmit County (0.5%/yr) than in Texas (4.8%/yr).
About 5% of adults in Dimmit 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 Dimmit County, Texas grew by 40.5% from 2009 to 2023, reaching $34,027 in 2023. That's an average of about 0.5% per year.
Economic Inequality in Dimmit County | Gender Pay Gap | Gini Coefficient
| Metric | Dimmit County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.636 | 0.587 | 0.570 |
| Male Median Income | $58,515 | $64,517 | $67,746 |
| Female Median Income | $30,421 | $51,419 | $54,793 |
| Gender Pay Gap | 48.0% | 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 Dimmit County, it is 0.636, higher than Texas's 0.587, so income is less 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 92% more than women's income in Dimmit County, Texas. Over a 35-year career, a 92% wage gap accumulates to roughly $983,290 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Dimmit County, Texas has stayed about the same since 2009, at around 48%. In dollar terms, the gap has widened by $6,773 since 2009.
Employment
| Metric | Dimmit County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 5.1% | 5.2% |
| Working from Home | 5.6% | 12.8% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 183 people are unemployed in Dimmit County, Texas.
The average commute time in Dimmit County is 15 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dimmit County, Texas has fallen from 11.0% to 6.8% in 2023.
Conclusion
Considering all these factors, Dimmit 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 Dimmit County, Texas.
How Rich Is Dimmit County, Texas?
Dimmit 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 $34,027, about 56% lower than the Texas average of $76,510.
What is the current median household income in Dimmit County, Texas?
As of 2023, the median household income in Dimmit County, Texas is $34,027.
What was the median household income in Dimmit County in 2023?
In 2023, the median household income in Dimmit County, Texas was $34,027.
What was the median household income in Dimmit County in 2020?
In 2020, the median household income in Dimmit County, Texas was $26,992.
What is the Gini coefficient in Dimmit County, Texas?
The Gini coefficient in Dimmit County is 0.636. 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 Dimmit County, Texas?
The income gap between men and women in Dimmit County, Texas has stayed about the same since 2009, at around 48%. In dollar terms, the gap has widened by $6,773 since 2009.