Wealth Index
Wealthier than 71% 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 | Glasscock County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,859 | $76,510 | $78,145 |
| Median Personal Income | $70,895 | $58,415 | $61,726 |
| Average income growth | 7.3% | 4.8% | 5.1% |
| Six-Figure Earners | 19.5% | 12.4% | 13.2% |
The median household income in Glasscock County is about 38% higher than in Texas. Income has been growing faster in Glasscock County (7.3%/yr) than in Texas (4.8%/yr).
About 19% of adults in Glasscock County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Glasscock County, Texas grew by 91.4% from 2009 to 2023, reaching $105,859 in 2023. That's an average of about 7.3% per year.
Economic Inequality in Glasscock County | Gender Pay Gap | Gini Coefficient
| Metric | Glasscock County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.662 | 0.587 | 0.570 |
| Male Median Income | $74,749 | $64,517 | $67,746 |
| Female Median Income | $65,185 | $51,419 | $54,793 |
| Gender Pay Gap | 12.8% | 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 Glasscock County, it is 0.662, 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 15% more than women's income in Glasscock County, Texas. Over a 35-year career, a 15% wage gap accumulates to roughly $334,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Glasscock County, Texas has narrowed from about 28% to 13% in 2023. In dollar terms, the gap has narrowed by $1,164 since 2009.
Employment
| Metric | Glasscock County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.2% | 5.1% | 5.2% |
| Working from Home | 14.1% | 12.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 6 people are unemployed in Glasscock County, Texas.
The average commute time in Glasscock County is 16 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Glasscock County, Texas has risen from 1.0% to 1.2% in 2023.
Conclusion
Considering all these factors, Glasscock County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Glasscock County, Texas.
How Rich Is Glasscock County, Texas?
Glasscock 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 $105,859, about 38% higher than the Texas average of $76,510.
What is the current median household income in Glasscock County, Texas?
As of 2023, the median household income in Glasscock County, Texas is $105,859.
What was the median household income in Glasscock County in 2023?
In 2023, the median household income in Glasscock County, Texas was $105,859.
What was the median household income in Glasscock County in 2020?
In 2020, the median household income in Glasscock County, Texas was $74,062.
What is the Gini coefficient in Glasscock County, Texas?
The Gini coefficient in Glasscock County is 0.662. 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 Glasscock County, Texas?
Since 2009, the income gap between men and women in Glasscock County, Texas has narrowed from about 28% to 13% in 2023. In dollar terms, the gap has narrowed by $1,164 since 2009.