Foard County, Texas Income Statistics
Foard 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
Foard County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Foard County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,721 | $78,939 | $80,455 |
| Median Personal Income | $50,027 | $56,913 | $60,758 |
| Average Yearly Income Growth | 4.8% | 4.6% | 4.8% |
| Six-Figure Earners | 4.1% | 13.0% | 13.9% |
| $200k+ Households | 14.9% | 12.5% | 13.2% |
The median household income in Foard County is about 23% lower than in Texas. Income has been growing faster in Foard County (4.8%/yr) than in Texas (4.6%/yr).
About 4% of adults in Foard 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 Foard County, Texas grew by 144.4% from 2009 to 2024, reaching $60,721 in 2024. That's an average of about 4.8% per year.
Income Inequality and the Gender Pay Gap in Foard County
| Metric | Foard County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.570 | 0.552 |
| Male Median Income | $59,274 | $66,147 | $69,667 |
| Female Median Income | $57,812 | $53,058 | $56,850 |
| Gender Pay Gap | 2.5% | 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 Foard County, it is 0.496, lower than Texas's 0.570, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 3% more than women's income in Foard County, Texas. Over a 35-year career, a 3% wage gap accumulates to roughly $51,170 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Foard County, Texas has narrowed from about 6% to 2% in 2024. Over that period the gap was widest at 56% in 2020, and was narrowest at 1% in 2013. In dollar terms, the gap has widened by $139 since 2009.
Employment
| Metric | Foard County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.2% | 5.2% |
| Working from Home | 3.5% | 14.4% | 15.0% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 34 people are unemployed in Foard County, Texas.
The average commute time in Foard County is 13 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Foard County, Texas has fallen from 15.8% to 6.3% in 2024. Over that period the rate peaked at 16.4% in 2012 and fell as low as 5.9% in 2022.
Foard County, TX Wealth Compared With Nearby Counties
Foard County, TX is the 5th largest of the 6 counties compared here, 991 residents against a local median of 3,307. The measure that sets Foard County, TX apart most is unemployment: 6.3%, 159% above the local median of 2.4%. That is the weaker end of the local range on this measure.
The counties themselves spread 11.6% on unemployment, so Foard County, TX sits at one end of an already wide local range rather than apart from it. Foard County, TX has the 4th 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. |
|---|---|---|---|---|---|
| Foard County, TX | 991 | $60,721 #2/6 | 4.8%/yr #3/6 | 6.3% #4/6 | 0.496 #1/6 |
| Hardeman County, TX | 3,501 | $64,545 | 8.1%/yr | 2.4% | 0.500 |
| Knox County, TX | 3,307 | $58,874 | 4.6%/yr | 1.3% | 0.549 |
| Cottle County, TX | 1,368 | $58,999 | 7.6%/yr | 12.6% | 0.573 |
| Wilbarger County, TX | 12,616 | $56,633 | 3.4%/yr | 9.3% | 0.542 |
| King County, TX | 211 | $47,976 | -0.6%/yr | 1.0% | 0.573 |
Conclusion
Considering all these factors, Foard 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 Foard County, Texas.
How Rich Is Foard County, Texas?
Foard 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 $60,721, about 23% lower than the Texas average of $78,939.
Are incomes growing in Foard County, Texas?
Between 2009 and 2024, the median household income in Foard County, Texas rose 144%, from $24,848 to $60,721. Over the same years, income here outpaced Texas as a whole: +144% against +64%.
What was the median household income in Foard County in 2023?
In 2023, the median household income in Foard County, Texas was $41,916, down 2% from $42,692 in 2022. The Texas median that year was $76,528.
What was the median household income in Foard County in 2020?
In 2020, the median household income in Foard County, Texas was $39,499. By 2024 it had risen 54% to $60,721.
What is the Gini coefficient in Foard County, Texas?
The Gini coefficient in Foard County is 0.496. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Foard County, Texas?
Since 2009, the income gap between men and women in Foard County, Texas has narrowed from about 6% to 2% in 2024. Over that period the gap was widest at 56% in 2020, and was narrowest at 1% in 2013. In dollar terms, the gap has widened by $139 since 2009.
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