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 | Donley County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,990 | $76,510 | $78,145 |
| Median Personal Income | $44,872 | $58,415 | $61,726 |
| Average income growth | 4.9% | 4.8% | 5.1% |
| Six-Figure Earners | 3.9% | 12.4% | 13.2% |
The median household income in Donley County is about 27% lower than in Texas. Income has been growing faster in Donley County (4.9%/yr) than in Texas (4.8%/yr).
About 4% of adults in Donley 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 Donley County, Texas grew by 52.7% from 2009 to 2023, reaching $55,990 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Donley County | Gender Pay Gap | Gini Coefficient
| Metric | Donley County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.587 | 0.570 |
| Male Median Income | $42,968 | $64,517 | $67,746 |
| Female Median Income | $46,901 | $51,419 | $54,793 |
| Gender Pay Gap | -9.2% | 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 Donley County, it is 0.556, 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.
Women's income is about 9% more than men's income in Donley County, Texas. Over a 35-year career, a 9% wage gap accumulates to roughly $137,655 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Donley County, Texas has narrowed from about 18% to -9% in 2023. In dollar terms, the gap has narrowed by $9,696 since 2009.
Employment
| Metric | Donley County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 5.1% | 5.2% |
| Working from Home | 10.0% | 12.8% | 13.4% |
| Commute time (minutes) | 11 | 22 | 22 |
The average commute time in Donley County is 11 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Donley County, Texas has fallen from 2.4% to 1.0% in 2023.
Conclusion
Considering all these factors, Donley 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 Donley County, Texas.
How Rich Is Donley County, Texas?
Donley 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 $55,990, about 27% lower than the Texas average of $76,510.
What is the current median household income in Donley County, Texas?
As of 2023, the median household income in Donley County, Texas is $55,990.
What was the median household income in Donley County in 2023?
In 2023, the median household income in Donley County, Texas was $55,990.
What was the median household income in Donley County in 2020?
In 2020, the median household income in Donley County, Texas was $51,862.
What is the Gini coefficient in Donley County, Texas?
The Gini coefficient in Donley County is 0.556. 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 Donley County, Texas?
Since 2009, the income gap between men and women in Donley County, Texas has narrowed from about 18% to -9% in 2023. In dollar terms, the gap has narrowed by $9,696 since 2009.