Wealth Index
Less wealthy than 79% 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 | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,208 | $76,510 | $78,145 |
| Median Personal Income | $45,225 | $58,415 | $61,726 |
| Average income growth | 2.4% | 4.8% | 5.1% |
| Six-Figure Earners | 4.6% | 12.4% | 13.2% |
The median household income in Hale County is about 30% lower than in Texas. Income has been growing slower in Hale County (2.4%/yr) than in Texas (4.8%/yr).
About 5% of adults in Hale 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 Hale County, Texas grew by 53.1% from 2009 to 2023, reaching $53,208 in 2023. That's an average of about 2.4% per year.
Economic Inequality in Hale County | Gender Pay Gap | Gini Coefficient
| Metric | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.583 | 0.587 | 0.570 |
| Male Median Income | $48,870 | $64,517 | $67,746 |
| Female Median Income | $39,350 | $51,419 | $54,793 |
| Gender Pay Gap | 19.5% | 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 Hale County, it is 0.583, about the same as Texas's 0.587, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 24% more than women's income in Hale County, Texas. Over a 35-year career, a 24% wage gap accumulates to roughly $333,200 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hale County, Texas has widened from about 17% to 19% in 2023. In dollar terms, the gap has widened by $3,927 since 2009.
Employment
| Metric | Hale County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 5.1% | 5.2% |
| Working from Home | 2.8% | 12.8% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 597 people are unemployed in Hale County, Texas.
The average commute time in Hale County is 12 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hale County, Texas has fallen from 6.6% to 4.1% in 2023.
Conclusion
Considering all these factors, Hale 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 Hale County, Texas.
How Rich Is Hale County, Texas?
Hale 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 $53,208, about 30% lower than the Texas average of $76,510.
What is the current median household income in Hale County, Texas?
As of 2023, the median household income in Hale County, Texas is $53,208.
What was the median household income in Hale County in 2023?
In 2023, the median household income in Hale County, Texas was $53,208.
What was the median household income in Hale County in 2020?
In 2020, the median household income in Hale County, Texas was $47,631.
What is the Gini coefficient in Hale County, Texas?
The Gini coefficient in Hale County is 0.583. 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 Hale County, Texas?
Since 2009, the income gap between men and women in Hale County, Texas has widened from about 17% to 19% in 2023. In dollar terms, the gap has widened by $3,927 since 2009.