Hockley County, Texas Income Statistics
Hockley 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
Hockley County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,140 | $78,939 | $80,455 |
| Median Personal Income | $48,817 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.6% | 4.8% |
| Six-Figure Earners | 9.0% | 13.0% | 13.9% |
| $200k+ Households | 7.4% | 12.5% | 13.2% |
The median household income in Hockley County is about 20% lower than in Texas. Income has been growing slower in Hockley County (3.0%/yr) than in Texas (4.6%/yr).
About 9% of adults in Hockley 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 Hockley County, Texas grew by 39.1% from 2009 to 2024, reaching $63,140 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Hockley County
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.570 | 0.552 |
| Male Median Income | $62,115 | $66,147 | $69,667 |
| Female Median Income | $43,373 | $53,058 | $56,850 |
| Gender Pay Gap | 30.2% | 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 Hockley County, it is 0.563, 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 43% more than women's income in Hockley County, Texas. Over a 35-year career, a 43% wage gap accumulates to roughly $655,970 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hockley County, Texas has narrowed from about 36% to 30% in 2024. Over that period the gap was widest at 37% in 2013, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $3,068 since 2009.
Employment
| Metric | Hockley County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.2% | 5.2% |
| Working from Home | 5.1% | 14.4% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 470 people are unemployed in Hockley County, Texas.
The average commute time in Hockley County is 17 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hockley County, Texas has fallen from 6.0% to 4.7% in 2024. Over that period the rate peaked at 7.5% in 2019.
Hockley County, TX Wealth Compared With Nearby Counties
Hockley County, TX is the 2nd largest of the 6 counties compared here, 21,363 residents against a local median of 11,629. Where Hockley County, TX breaks from the counties next to it is income growth, sitting 26% below the local median of 4.0%/yr at 3.0%/yr. That is the weaker end of the local range on this measure.
The counties themselves spread 4.1%/yr on income growth, so Hockley County, TX sits at one end of an already wide local range rather than apart from it. Hockley County, TX has the 4th 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. |
|---|---|---|---|---|---|
| Hockley County, TX | 21,363 | $63,140 #3/6 | 3.0%/yr #4/6 | 4.7% #3/6 | 0.563 #2/6 |
| Terry County, TX | 11,629 | $43,966 | 1.3%/yr | 4.5% | 0.591 |
| Lamb County, TX | 12,828 | $61,051 | 5.0%/yr | 2.1% | 0.553 |
| Cochran County, TX | 2,550 | $45,222 | 2.0%/yr | 4.8% | 0.575 |
| Lubbock County, TX | 318,883 | $64,509 | 4.0%/yr | 4.9% | 0.567 |
| Yoakum County, TX | 7,571 | $86,598 | 5.4%/yr | 6.9% | 0.578 |
Conclusion
Considering all these factors, Hockley County, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hockley County, Texas.
How Rich Is Hockley County, Texas?
Hockley 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 $63,140, about 20% lower than the Texas average of $78,939.
How fast is household income rising in Hockley County, Texas?
Between 2009 and 2024, the median household income in Hockley County, Texas rose 39%, from $45,392 to $63,140. Over the same years, income here lagged behind Texas as a whole: +39% against +64%.
What was the median household income in Hockley County in 2023?
In 2023, the median household income in Hockley County, Texas was $57,495, up 5% from $54,537 in 2022. The Texas median that year was $76,528.
What was the median household income in Hockley County in 2020?
In 2020, the median household income in Hockley County, Texas was $47,789. By 2024 it had risen 32% to $63,140.
What is the Gini coefficient in Hockley County, Texas?
The Gini coefficient in Hockley County is 0.563. 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 Hockley County, Texas?
Since 2009, the income gap between men and women in Hockley County, Texas has narrowed from about 36% to 30% in 2024. Over that period the gap was widest at 37% in 2013, and was narrowest at 18% in 2021. In dollar terms, the gap has widened by $3,068 since 2009.
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