Wealth Index
Wealthier than 91% 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 | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,925 | $76,510 | $78,145 |
| Median Personal Income | $59,834 | $58,415 | $61,726 |
| Average income growth | 6.0% | 4.8% | 5.1% |
| Six-Figure Earners | 10.3% | 12.4% | 13.2% |
The median household income in Kaufman County is about 18% higher than in Texas. Income has been growing faster in Kaufman County (6.0%/yr) than in Texas (4.8%/yr).
About 10% of adults in Kaufman 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 Kaufman County, Texas grew by 60.1% from 2009 to 2023, reaching $89,925 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Kaufman County | Gender Pay Gap | Gini Coefficient
| Metric | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.587 | 0.570 |
| Male Median Income | $65,584 | $64,517 | $67,746 |
| Female Median Income | $53,230 | $51,419 | $54,793 |
| Gender Pay Gap | 18.8% | 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 Kaufman County, it is 0.554, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in Kaufman County, Texas. Over a 35-year career, a 23% wage gap accumulates to roughly $432,390 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kaufman County, Texas has narrowed from about 22% to 19% in 2023. In dollar terms, the gap has widened by $2,594 since 2009.
Employment
| Metric | Kaufman County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.1% | 5.2% |
| Working from Home | 11.5% | 12.8% | 13.4% |
| Commute time (minutes) | 32 | 22 | 22 |
Approximately 3,970 people are unemployed in Kaufman County, Texas.
The average commute time in Kaufman County is 32 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kaufman County, Texas has fallen from 8.7% to 4.8% in 2023.
Conclusion
Considering all these factors, Kaufman County, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kaufman County, Texas.
How Rich Is Kaufman County, Texas?
Kaufman County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $89,925, about 18% higher than the Texas average of $76,510.
What is the current median household income in Kaufman County, Texas?
As of 2023, the median household income in Kaufman County, Texas is $89,925.
What was the median household income in Kaufman County in 2023?
In 2023, the median household income in Kaufman County, Texas was $89,925.
What was the median household income in Kaufman County in 2020?
In 2020, the median household income in Kaufman County, Texas was $72,866.
What is the Gini coefficient in Kaufman County, Texas?
The Gini coefficient in Kaufman County is 0.554. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Kaufman County, Texas?
Since 2009, the income gap between men and women in Kaufman County, Texas has narrowed from about 22% to 19% in 2023. In dollar terms, the gap has widened by $2,594 since 2009.