Fannin County, Texas Income Statistics
Fannin 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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D
Fannin County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,410 | $78,939 | $80,455 |
| Median Personal Income | $53,854 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.8% | 4.6% | 4.8% |
| Six-Figure Earners | 8.7% | 13.0% | 13.9% |
| $200k+ Households | 9.6% | 12.5% | 13.2% |
The median household income in Fannin County is about 10% lower than in Texas. Income has been growing faster in Fannin County (5.8%/yr) than in Texas (4.6%/yr).
About 9% of adults in Fannin 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 Fannin County, Texas grew by 68.9% from 2009 to 2024, reaching $71,410 in 2024. That's an average of about 5.8% per year.
Income Inequality and the Gender Pay Gap in Fannin County
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.570 | 0.552 |
| Male Median Income | $60,419 | $66,147 | $69,667 |
| Female Median Income | $47,773 | $53,058 | $56,850 |
| Gender Pay Gap | 20.9% | 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 Fannin County, it is 0.574, 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 26% more than women's income in Fannin County, Texas. Over a 35-year career, a 26% wage gap accumulates to roughly $442,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fannin County, Texas has widened from about 20% to 21% in 2024. Over that period the gap was widest at 26% in 2017, and was narrowest at 6% in 2012. In dollar terms, the gap has widened by $5,257 since 2009.
Employment
| Metric | Fannin County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 5.2% | 5.2% |
| Working from Home | 13.5% | 14.4% | 15.0% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 838 people are unemployed in Fannin County, Texas.
The average commute time in Fannin County is 27 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fannin County, Texas has fallen from 7.5% to 5.0% in 2024. Over that period the rate peaked at 8.2% in 2014 and fell as low as 3.8% in 2019.
Fannin County, TX Wealth Compared With Nearby Counties
Fannin County, TX is the 5th largest of the 6 counties compared here, 37,326 residents against a local median of 50,669. Fannin County, TX's unemployment, at 5.0%, runs 17% above the 4.3% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.8% on unemployment, so Fannin County, TX sits at one end of an already wide local range rather than apart from it. Fannin County, TX has the 5th lowest unemployment 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. |
|---|---|---|---|---|---|
| Fannin County, TX | 37,326 | $71,410 #3/6 | 5.8%/yr #3/6 | 5.0% #5/6 | 0.574 #6/6 |
| Bryan County, OK | 48,252 | $57,824 | 4.8%/yr | 4.6% | 0.534 |
| Hunt County, TX | 108,970 | $72,066 | 5.9%/yr | 5.9% | 0.560 |
| Delta County, TX | 5,438 | $68,040 | 7.1%/yr | 4.3% | 0.498 |
| Lamar County, TX | 50,669 | $62,344 | 5.6%/yr | 4.0% | 0.546 |
| Grayson County, TX | 143,336 | $72,206 | 4.7%/yr | 3.1% | 0.537 |
Conclusion
Considering all these factors, Fannin County, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fannin County, Texas.
How Rich Is Fannin County, Texas?
Fannin 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 $71,410, about 10% lower than the Texas average of $78,939.
How fast is household income rising in Fannin County, Texas?
Between 2009 and 2024, the median household income in Fannin County, Texas rose 69%, from $42,290 to $71,410. Over the same years, income here outpaced Texas as a whole: +69% against +64%.
What was the median household income in Fannin County in 2023?
In 2023, the median household income in Fannin County, Texas was $68,116, up 5% from $64,867 in 2022. The Texas median that year was $76,528.
What was the median household income in Fannin County in 2020?
In 2020, the median household income in Fannin County, Texas was $57,950. By 2024 it had risen 23% to $71,410.
What is the Gini coefficient in Fannin County, Texas?
The Gini coefficient in Fannin County is 0.574. 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 Fannin County, Texas?
Since 2009, the income gap between men and women in Fannin County, Texas has widened from about 20% to 21% in 2024. Over that period the gap was widest at 26% in 2017, and was narrowest at 6% in 2012. In dollar terms, the gap has widened by $5,257 since 2009.
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