Wealth Index
Among the 5 least wealthy 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 | Garza County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,934 | $76,510 | $78,145 |
| Median Personal Income | $38,425 | $58,415 | $61,726 |
| Average income growth | 0.3% | 4.8% | 5.1% |
| Six-Figure Earners | 5.3% | 12.4% | 13.2% |
The median household income in Garza County is about 33% lower than in Texas. Income has been growing slower in Garza County (0.3%/yr) than in Texas (4.8%/yr).
About 5% of adults in Garza 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 Garza County, Texas grew by 62.6% from 2009 to 2023, reaching $50,934 in 2023. That's an average of about 0.3% per year.
Economic Inequality in Garza County | Gender Pay Gap | Gini Coefficient
| Metric | Garza County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.661 | 0.587 | 0.570 |
| Male Median Income | $42,298 | $64,517 | $67,746 |
| Female Median Income | $34,949 | $51,419 | $54,793 |
| Gender Pay Gap | 17.4% | 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 Garza County, it is 0.661, 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 21% more than women's income in Garza County, Texas. Over a 35-year career, a 21% wage gap accumulates to roughly $257,215 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Garza County, Texas has narrowed from about 41% to 17% in 2023. In dollar terms, the gap has narrowed by $9,952 since 2009.
Employment
| Metric | Garza County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.1% | 5.2% |
| Working from Home | 0.2% | 12.8% | 13.4% |
| Commute time (minutes) | 11 | 22 | 22 |
Approximately 130 people are unemployed in Garza County, Texas.
The average commute time in Garza County is 11 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Garza County, Texas has risen from 2.4% to 6.9% in 2023.
Conclusion
Considering all these factors, Garza County, Texas has an overall wealth index grade of F, making it worse than Texas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Garza County, Texas.
How Rich Is Garza County, Texas?
Garza County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $50,934, about 33% lower than the Texas average of $76,510.
What is the current median household income in Garza County, Texas?
As of 2023, the median household income in Garza County, Texas is $50,934.
What was the median household income in Garza County in 2023?
In 2023, the median household income in Garza County, Texas was $50,934.
What was the median household income in Garza County in 2020?
In 2020, the median household income in Garza County, Texas was $58,067.
What is the Gini coefficient in Garza County, Texas?
The Gini coefficient in Garza County is 0.661. 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 Garza County, Texas?
Since 2009, the income gap between men and women in Garza County, Texas has narrowed from about 41% to 17% in 2023. In dollar terms, the gap has narrowed by $9,952 since 2009.