Wealth Index
Less wealthy than 95% of counties in Texas
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 | Frio County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,050 | $76,510 | $78,145 |
| Median Personal Income | $43,145 | $58,415 | $61,726 |
| Average income growth | 7.1% | 4.8% | 5.1% |
| Six-Figure Earners | 4.1% | 12.4% | 13.2% |
The median household income in Frio County is about 22% lower than in Texas. Income has been growing faster in Frio County (7.1%/yr) than in Texas (4.8%/yr).
About 4% of adults in Frio 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 Frio County, Texas grew by 73.2% from 2009 to 2023, reaching $60,050 in 2023. That's an average of about 7.1% per year.
Economic Inequality in Frio County | Gender Pay Gap | Gini Coefficient
| Metric | Frio County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.667 | 0.587 | 0.570 |
| Male Median Income | $44,132 | $64,517 | $67,746 |
| Female Median Income | $38,787 | $51,419 | $54,793 |
| Gender Pay Gap | 12.1% | 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 Frio County, it is 0.667, 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 14% more than women's income in Frio County, Texas. Over a 35-year career, a 14% wage gap accumulates to roughly $187,075 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Frio County, Texas has narrowed from about 28% to 12% in 2023. In dollar terms, the gap has narrowed by $3,908 since 2009.
Employment
| Metric | Frio County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.1% | 5.2% |
| Working from Home | 1.8% | 12.8% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 375 people are unemployed in Frio County, Texas.
The average commute time in Frio County is 15 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Frio County, Texas has fallen from 9.5% to 5.3% in 2023.
Conclusion
Considering all these factors, Frio 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 Frio County, Texas.
How Rich Is Frio County, Texas?
Frio 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 $60,050, about 22% lower than the Texas average of $76,510.
What is the current median household income in Frio County, Texas?
As of 2023, the median household income in Frio County, Texas is $60,050.
What was the median household income in Frio County in 2023?
In 2023, the median household income in Frio County, Texas was $60,050.
What was the median household income in Frio County in 2020?
In 2020, the median household income in Frio County, Texas was $48,662.
What is the Gini coefficient in Frio County, Texas?
The Gini coefficient in Frio County is 0.667. 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 Frio County, Texas?
Since 2009, the income gap between men and women in Frio County, Texas has narrowed from about 28% to 12% in 2023. In dollar terms, the gap has narrowed by $3,908 since 2009.