Wealth Index
Among the 3 least wealthy 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 | Hudspeth County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $39,291 | $76,510 | $78,145 |
| Median Personal Income | $39,156 | $58,415 | $61,726 |
| Average income growth | 5.5% | 4.8% | 5.1% |
| Six-Figure Earners | 2.5% | 12.4% | 13.2% |
The median household income in Hudspeth County is about 49% lower than in Texas. Income has been growing faster in Hudspeth County (5.5%/yr) than in Texas (4.8%/yr).
About 3% of adults in Hudspeth 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 Hudspeth County, Texas grew by 40.4% from 2009 to 2023, reaching $39,291 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Hudspeth County | Gender Pay Gap | Gini Coefficient
| Metric | Hudspeth County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.611 | 0.587 | 0.570 |
| Male Median Income | $37,597 | $64,517 | $67,746 |
| Female Median Income | $43,475 | $51,419 | $54,793 |
| Gender Pay Gap | -15.6% | 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 Hudspeth County, it is 0.611, 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.
Women's income is about 16% more than men's income in Hudspeth County, Texas. Over a 35-year career, a 16% wage gap accumulates to roughly $205,730 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hudspeth County, Texas has narrowed from about 17% to -16% in 2023. In dollar terms, the gap has narrowed by $11,003 since 2009.
Employment
| Metric | Hudspeth County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.9% | 5.1% | 5.2% |
| Working from Home | 3.3% | 12.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 127 people are unemployed in Hudspeth County, Texas.
The average commute time in Hudspeth County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hudspeth County, Texas has risen from 9.3% to 11.9% in 2023.
Conclusion
Considering all these factors, Hudspeth County, Texas has an overall wealth index grade of F, making it worse than Texas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hudspeth County, Texas.
How Rich Is Hudspeth County, Texas?
Hudspeth County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $39,291, about 49% lower than the Texas average of $76,510.
What is the current median household income in Hudspeth County, Texas?
As of 2023, the median household income in Hudspeth County, Texas is $39,291.
What was the median household income in Hudspeth County in 2023?
In 2023, the median household income in Hudspeth County, Texas was $39,291.
What was the median household income in Hudspeth County in 2020?
In 2020, the median household income in Hudspeth County, Texas was $31,586.
What is the Gini coefficient in Hudspeth County, Texas?
The Gini coefficient in Hudspeth County is 0.611. 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 Hudspeth County, Texas?
Since 2009, the income gap between men and women in Hudspeth County, Texas has narrowed from about 17% to -16% in 2023. In dollar terms, the gap has narrowed by $11,003 since 2009.