Wealth Index
Wealthier than 83% 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 | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,011 | $76,510 | $78,145 |
| Median Personal Income | $53,592 | $58,415 | $61,726 |
| Average income growth | 3.1% | 4.8% | 5.1% |
| Six-Figure Earners | 10.7% | 12.4% | 13.2% |
The median household income in Gillespie County is about 10% lower than in Texas. Income has been growing slower in Gillespie County (3.1%/yr) than in Texas (4.8%/yr).
About 11% of adults in Gillespie 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 Gillespie County, Texas grew by 32.9% from 2009 to 2023, reaching $69,011 in 2023. That's an average of about 3.1% per year.
Economic Inequality in Gillespie County | Gender Pay Gap | Gini Coefficient
| Metric | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.537 | 0.587 | 0.570 |
| Male Median Income | $60,621 | $64,517 | $67,746 |
| Female Median Income | $44,878 | $51,419 | $54,793 |
| Gender Pay Gap | 26.0% | 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 Gillespie County, it is 0.537, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 35% more than women's income in Gillespie County, Texas. Over a 35-year career, a 35% wage gap accumulates to roughly $551,005 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Gillespie County, Texas has widened from about 20% to 26% in 2023. In dollar terms, the gap has widened by $7,967 since 2009.
Employment
| Metric | Gillespie County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 10.9% | 12.8% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 487 people are unemployed in Gillespie County, Texas.
The average commute time in Gillespie County is 15 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
The unemployment rate in Gillespie County, Texas has stayed about flat at 3.8% since 2011.
Conclusion
Considering all these factors, Gillespie County, Texas has an overall wealth index grade of C, making it somewhat better than Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Gillespie County, Texas.
How Rich Is Gillespie County, Texas?
Gillespie County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $69,011, about 10% lower than the Texas average of $76,510.
What is the current median household income in Gillespie County, Texas?
As of 2023, the median household income in Gillespie County, Texas is $69,011.
What was the median household income in Gillespie County in 2023?
In 2023, the median household income in Gillespie County, Texas was $69,011.
What was the median household income in Gillespie County in 2020?
In 2020, the median household income in Gillespie County, Texas was $61,054.
What is the Gini coefficient in Gillespie County, Texas?
The Gini coefficient in Gillespie County is 0.537. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Gillespie County, Texas?
Since 2009, the income gap between men and women in Gillespie County, Texas has widened from about 20% to 26% in 2023. In dollar terms, the gap has widened by $7,967 since 2009.