Hansford County, Texas Income Statistics
Hansford County Wealth Score
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.
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D
Hansford County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hansford County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,655 | $78,939 | $80,455 |
| Median Personal Income | $43,590 | $56,913 | $60,758 |
| Average Yearly Income Growth | 7.6% | 4.6% | 4.8% |
| Six-Figure Earners | 9.0% | 13.0% | 13.9% |
| $200k+ Households | 7.5% | 12.5% | 13.2% |
The median household income in Hansford County is about 10% lower than in Texas. Income has been growing faster in Hansford County (7.6%/yr) than in Texas (4.6%/yr).
About 9% of adults in Hansford County earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hansford County, Texas grew by 51.2% from 2009 to 2024, reaching $70,655 in 2024. That's an average of about 7.6% per year.
Income Inequality and the Gender Pay Gap in Hansford County
| Metric | Hansford County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.562 | 0.570 | 0.552 |
| Male Median Income | $61,012 | $66,147 | $69,667 |
| Female Median Income | $34,422 | $53,058 | $56,850 |
| Gender Pay Gap | 43.6% | 19.8% | 18.4% |
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 Hansford County, it is 0.562, lower than Texas's 0.570, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 77% more than women's income in Hansford County, Texas. Over a 35-year career, a 77% wage gap accumulates to roughly $930,650 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hansford County, Texas has narrowed from about 47% to 44% in 2024. Over that period the gap was widest at 51% in 2012, and was narrowest at 29% in 2014. In dollar terms, the gap has widened by $8,205 since 2009.
Employment
| Metric | Hansford County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 5.2% | 5.2% |
| Working from Home | 1.8% | 14.4% | 15.0% |
| Commute time (minutes) | 8 | 22 | 22 |
Approximately 162 people are unemployed in Hansford County, Texas.
The average commute time in Hansford County is 8 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hansford County, Texas has risen from 3.1% to 6.2% in 2024. Over that period the rate peaked at 11.3% in 2021 and fell as low as 2.1% in 2013.
Hansford County, TX Wealth Compared With Nearby Counties
Hansford County, TX is the 5th largest of the 6 counties compared here, 5,119 residents against a local median of 20,184. The measure that sets Hansford County, TX apart most is income growth: 7.6%/yr, 178% above the local median of 2.7%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 6.2% against a local median of 3.3%, 88% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Hansford County, TX is trading one against the other rather than simply out-performing what surrounds it. The counties themselves sit within 2.7%/yr of each other on income growth, a tighter band than the gap between any of them and Hansford County, TX, which makes it a genuine outlier here rather than one end of a wide local spread. Hansford County, TX has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hansford County, TX | 5,119 | $70,655 #2/6 | 7.6%/yr #1/6 | 6.2% #6/6 | 0.562 #5/6 |
| Hutchinson County, TX | 20,184 | $68,358 | 4.1%/yr | 3.6% | 0.572 |
| Texas County, OK | 20,773 | $60,095 | 2.1%/yr | 3.4% | 0.519 |
| Ochiltree County, TX | 9,786 | $71,458 | 4.6%/yr | 1.0% | 0.544 |
| Sherman County, TX | 2,295 | $60,925 | 1.9%/yr | 1.9% | 0.558 |
| Moore County, TX | 21,373 | $62,549 | 2.7%/yr | 3.3% | 0.558 |
Conclusion
Considering all these factors, Hansford 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 Hansford County, Texas.
How Rich Is Hansford County, Texas?
Hansford 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 $70,655, about 10% lower than the Texas average of $78,939.
How has median household income changed in Hansford County, Texas?
Between 2009 and 2024, the median household income in Hansford County, Texas rose 51%, from $46,715 to $70,655. Over the same years, income here lagged behind Texas as a whole: +51% against +64%.
What was the median household income in Hansford County in 2023?
In 2023, the median household income in Hansford County, Texas was $70,758, up 13% from $62,711 in 2022. The Texas median that year was $76,528.
What was the median household income in Hansford County in 2020?
In 2020, the median household income in Hansford County, Texas was $48,014. By 2024 it had risen 47% to $70,655.
What is the Gini coefficient in Hansford County, Texas?
The Gini coefficient in Hansford County is 0.562. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Hansford County, Texas?
Since 2009, the income gap between men and women in Hansford County, Texas has narrowed from about 47% to 44% in 2024. Over that period the gap was widest at 51% in 2012, and was narrowest at 29% in 2014. In dollar terms, the gap has widened by $8,205 since 2009.
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