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 | Jim Hogg County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,643 | $76,510 | $78,145 |
| Median Personal Income | $38,777 | $58,415 | $61,726 |
| Average income growth | 3.5% | 4.8% | 5.1% |
| Six-Figure Earners | 2.4% | 12.4% | 13.2% |
The median household income in Jim Hogg County is about 43% lower than in Texas. Income has been growing slower in Jim Hogg County (3.5%/yr) than in Texas (4.8%/yr).
About 2% of adults in Jim Hogg 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 Jim Hogg County, Texas grew by 31.4% from 2009 to 2023, reaching $43,643 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Jim Hogg County | Gender Pay Gap | Gini Coefficient
| Metric | Jim Hogg County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.587 | 0.570 |
| Male Median Income | $38,413 | $64,517 | $67,746 |
| Female Median Income | $42,499 | $51,419 | $54,793 |
| Gender Pay Gap | -10.6% | 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 Jim Hogg County, it is 0.566, lower than Texas's 0.587, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Women's income is about 11% more than men's income in Jim Hogg County, Texas. Over a 35-year career, a 11% wage gap accumulates to roughly $143,010 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jim Hogg County, Texas has narrowed from about 50% to -11% in 2023. In dollar terms, the gap has narrowed by $20,638 since 2009.
Employment
| Metric | Jim Hogg County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.4% | 5.1% | 5.2% |
| Working from Home | 3.4% | 12.8% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 159 people are unemployed in Jim Hogg County, Texas.
The average commute time in Jim Hogg County is 12 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jim Hogg County, Texas has fallen from 12.2% to 8.4% in 2023.
Conclusion
Considering all these factors, Jim Hogg 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 Jim Hogg County, Texas.
How Rich Is Jim Hogg County, Texas?
Jim Hogg 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 $43,643, about 43% lower than the Texas average of $76,510.
What is the current median household income in Jim Hogg County, Texas?
As of 2023, the median household income in Jim Hogg County, Texas is $43,643.
What was the median household income in Jim Hogg County in 2023?
In 2023, the median household income in Jim Hogg County, Texas was $43,643.
What was the median household income in Jim Hogg County in 2020?
In 2020, the median household income in Jim Hogg County, Texas was $35,888.
What is the Gini coefficient in Jim Hogg County, Texas?
The Gini coefficient in Jim Hogg County is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Jim Hogg County, Texas?
Since 2009, the income gap between men and women in Jim Hogg County, Texas has narrowed from about 50% to -11% in 2023. In dollar terms, the gap has narrowed by $20,638 since 2009.