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 | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,924 | $76,510 | $78,145 |
| Median Personal Income | $53,598 | $58,415 | $61,726 |
| Average income growth | 1.8% | 4.8% | 5.1% |
| Six-Figure Earners | 7.5% | 12.4% | 13.2% |
The median household income in Jasper County is about 35% lower than in Texas. Income has been growing slower in Jasper County (1.8%/yr) than in Texas (4.8%/yr).
About 7% of adults in Jasper 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 Jasper County, Texas grew by 36.4% from 2009 to 2023, reaching $49,924 in 2023. That's an average of about 1.8% per year.
Economic Inequality in Jasper County | Gender Pay Gap | Gini Coefficient
| Metric | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.599 | 0.587 | 0.570 |
| Male Median Income | $70,281 | $64,517 | $67,746 |
| Female Median Income | $39,302 | $51,419 | $54,793 |
| Gender Pay Gap | 44.1% | 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 Jasper County, it is 0.599, 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.
Men's income is about 79% more than women's income in Jasper County, Texas. Over a 35-year career, a 79% wage gap accumulates to roughly $1,084,265 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jasper County, Texas has narrowed from about 47% to 44% in 2023. In dollar terms, the gap has widened by $10,602 since 2009.
Employment
| Metric | Jasper County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 14.0% | 5.1% | 5.2% |
| Working from Home | 4.1% | 12.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 2,037 people are unemployed in Jasper County, Texas.
The average commute time in Jasper County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jasper County, Texas has risen from 7.6% to 14.0% in 2023.
Conclusion
Considering all these factors, Jasper 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 Jasper County, Texas.
How Rich Is Jasper County, Texas?
Jasper 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 $49,924, about 35% lower than the Texas average of $76,510.
What is the current median household income in Jasper County, Texas?
As of 2023, the median household income in Jasper County, Texas is $49,924.
What was the median household income in Jasper County in 2023?
In 2023, the median household income in Jasper County, Texas was $49,924.
What was the median household income in Jasper County in 2020?
In 2020, the median household income in Jasper County, Texas was $42,342.
What is the Gini coefficient in Jasper County, Texas?
The Gini coefficient in Jasper County is 0.599. 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 Jasper County, Texas?
Since 2009, the income gap between men and women in Jasper County, Texas has narrowed from about 47% to 44% in 2023. In dollar terms, the gap has widened by $10,602 since 2009.