Floyd County, Texas Income Statistics
Floyd 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.
-
D
Floyd County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Floyd County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,032 | $78,939 | $80,455 |
| Median Personal Income | $46,203 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.6% | 4.8% |
| Six-Figure Earners | 5.9% | 13.0% | 13.9% |
| $200k+ Households | 5.6% | 12.5% | 13.2% |
The median household income in Floyd County is about 26% lower than in Texas. Income has been growing slower in Floyd County (3.9%/yr) than in Texas (4.6%/yr).
About 6% of adults in Floyd 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 Floyd County, Texas grew by 80.0% from 2009 to 2024, reaching $58,032 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Floyd County
| Metric | Floyd County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.570 | 0.552 |
| Male Median Income | $62,841 | $66,147 | $69,667 |
| Female Median Income | $39,092 | $53,058 | $56,850 |
| Gender Pay Gap | 37.8% | 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 Floyd County, it is 0.557, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 61% more than women's income in Floyd County, Texas. Over a 35-year career, a 61% wage gap accumulates to roughly $831,215 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Floyd County, Texas has widened from about 10% to 38% in 2024. Over that period the gap was widest at 40% in 2022, and was narrowest at 1% in 2013. In dollar terms, the gap has widened by $20,818 since 2009.
Employment
| Metric | Floyd County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 5.2% | 5.2% |
| Working from Home | 1.1% | 14.4% | 15.0% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 147 people are unemployed in Floyd County, Texas.
The average commute time in Floyd County is 12 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Floyd County, Texas has risen from 4.7% to 6.0% in 2024. Over that period the rate peaked at 8.0% in 2015 and fell as low as 2.8% in 2020.
Floyd County, TX Wealth Compared With Nearby Counties
Floyd County, TX is typical in size for this group, 5,216 residents against a local median of 5,041, so the measures below are close to a like for like comparison. Where Floyd County, TX breaks from the counties next to it is income growth, sitting 103% above the local median of 1.9%/yr at 3.9%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 6.0% against a local median of 4.3%, 41% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Floyd County, TX is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 6.7%/yr on income growth, so Floyd County, TX sits at one end of an already wide local range rather than apart from it. Floyd County, TX has the 2nd 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. |
|---|---|---|---|---|---|
| Floyd County, TX | 5,216 | $58,032 #2/6 | 3.9%/yr #2/6 | 6.0% #5/6 | 0.557 #3/6 |
| Crosby County, TX | 5,041 | $52,200 | 3.8%/yr | 8.2% | 0.535 |
| Briscoe County, TX | 1,301 | $45,500 | 1.8%/yr | 1.0% | 0.625 |
| Motley County, TX | 1,183 | $61,636 | 7.5%/yr | 1.0% | 0.530 |
| Hale County, TX | 32,131 | $52,270 | 1.9%/yr | 5.3% | 0.590 |
| Swisher County, TX | 6,937 | $37,009 | 0.8%/yr | 4.3% | 0.610 |
Conclusion
Considering all these factors, Floyd 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 Floyd County, Texas.
How Rich Is Floyd County, Texas?
Floyd 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 $58,032, about 26% lower than the Texas average of $78,939.
How has median household income changed in Floyd County, Texas?
Between 2009 and 2024, the median household income in Floyd County, Texas rose 80%, from $32,239 to $58,032. Over the same years, income here outpaced Texas as a whole: +80% against +64%.
What was the median household income in Floyd County in 2023?
In 2023, the median household income in Floyd County, Texas was $55,615, up 14% from $48,989 in 2022. The Texas median that year was $76,528.
What was the median household income in Floyd County in 2020?
In 2020, the median household income in Floyd County, Texas was $53,147. By 2024 it had risen 9% to $58,032.
What is the Gini coefficient in Floyd County, Texas?
The Gini coefficient in Floyd County is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Floyd County, Texas?
Since 2009, the income gap between men and women in Floyd County, Texas has widened from about 10% to 38% in 2024. Over that period the gap was widest at 40% in 2022, and was narrowest at 1% in 2013. In dollar terms, the gap has widened by $20,818 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →