Wealth Index
Less wealthy than 88% 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 | Haskell County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,067 | $76,510 | $78,145 |
| Median Personal Income | $51,197 | $58,415 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 5.8% | 12.4% | 13.2% |
The median household income in Haskell County is about 25% lower than in Texas. Income has been growing faster in Haskell County (5.3%/yr) than in Texas (4.8%/yr).
About 6% of adults in Haskell 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 Haskell County, Texas grew by 75.9% from 2009 to 2023, reaching $57,067 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Haskell County | Gender Pay Gap | Gini Coefficient
| Metric | Haskell County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.587 | 0.570 |
| Male Median Income | $58,423 | $64,517 | $67,746 |
| Female Median Income | $44,800 | $51,419 | $54,793 |
| Gender Pay Gap | 23.3% | 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 Haskell County, it is 0.535, 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 30% more than women's income in Haskell County, Texas. Over a 35-year career, a 30% wage gap accumulates to roughly $476,805 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Haskell County, Texas has narrowed from about 31% to 23% in 2023. In dollar terms, the gap has widened by $2,985 since 2009.
Employment
| Metric | Haskell County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.1% | 5.2% |
| Working from Home | 8.1% | 12.8% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 133 people are unemployed in Haskell County, Texas.
The average commute time in Haskell County is 12 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Haskell County, Texas has fallen from 10.7% to 5.4% in 2023.
Conclusion
Considering all these factors, Haskell 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 Haskell County, Texas.
How Rich Is Haskell County, Texas?
Haskell 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 $57,067, about 25% lower than the Texas average of $76,510.
What is the current median household income in Haskell County, Texas?
As of 2023, the median household income in Haskell County, Texas is $57,067.
What was the median household income in Haskell County in 2023?
In 2023, the median household income in Haskell County, Texas was $57,067.
What was the median household income in Haskell County in 2020?
In 2020, the median household income in Haskell County, Texas was $48,789.
What is the Gini coefficient in Haskell County, Texas?
The Gini coefficient in Haskell County is 0.535. 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 Haskell County, Texas?
Since 2009, the income gap between men and women in Haskell County, Texas has narrowed from about 31% to 23% in 2023. In dollar terms, the gap has widened by $2,985 since 2009.