Wealth Index
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 | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,696 | $76,510 | $78,145 |
| Median Personal Income | $53,622 | $58,415 | $61,726 |
| Average income growth | 6.5% | 4.8% | 5.1% |
| Six-Figure Earners | 8.6% | 12.4% | 13.2% |
The median household income in Hunt County is about 8% lower than in Texas. Income has been growing faster in Hunt County (6.5%/yr) than in Texas (4.8%/yr).
About 9% of adults in Hunt 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 Hunt County, Texas grew by 64.6% from 2009 to 2023, reaching $70,696 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Hunt County | Gender Pay Gap | Gini Coefficient
| Metric | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.587 | 0.570 |
| Male Median Income | $61,165 | $64,517 | $67,746 |
| Female Median Income | $45,784 | $51,419 | $54,793 |
| Gender Pay Gap | 25.1% | 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 Hunt County, it is 0.577, lower than Texas's 0.587, so income is more evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 34% more than women's income in Hunt County, Texas. Over a 35-year career, a 34% wage gap accumulates to roughly $538,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hunt County, Texas has widened from about 23% to 25% in 2023. In dollar terms, the gap has widened by $6,108 since 2009.
Employment
| Metric | Hunt County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 5.1% | 5.2% |
| Working from Home | 8.8% | 12.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 2,776 people are unemployed in Hunt County, Texas.
The average commute time in Hunt County is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hunt County, Texas has fallen from 9.4% to 5.5% in 2023.
Conclusion
Considering all these factors, Hunt County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hunt County, Texas.
How Rich Is Hunt County, Texas?
Hunt County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $70,696, about 8% lower than the Texas average of $76,510.
What is the current median household income in Hunt County, Texas?
As of 2023, the median household income in Hunt County, Texas is $70,696.
What was the median household income in Hunt County in 2023?
In 2023, the median household income in Hunt County, Texas was $70,696.
What was the median household income in Hunt County in 2020?
In 2020, the median household income in Hunt County, Texas was $58,106.
What is the Gini coefficient in Hunt County, Texas?
The Gini coefficient in Hunt County is 0.577. 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 Hunt County, Texas?
Since 2009, the income gap between men and women in Hunt County, Texas has widened from about 23% to 25% in 2023. In dollar terms, the gap has widened by $6,108 since 2009.