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 | Kendall County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,555 | $76,510 | $78,145 |
| Median Personal Income | $75,780 | $58,415 | $61,726 |
| Average income growth | 5.6% | 4.8% | 5.1% |
| Six-Figure Earners | 19.5% | 12.4% | 13.2% |
The median household income in Kendall County is about 46% higher than in Texas. Income has been growing faster in Kendall County (5.6%/yr) than in Texas (4.8%/yr).
About 20% of adults in Kendall County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kendall County, Texas grew by 60.1% from 2009 to 2023, reaching $111,555 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Kendall County | Gender Pay Gap | Gini Coefficient
| Metric | Kendall County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.582 | 0.587 | 0.570 |
| Male Median Income | $96,207 | $64,517 | $67,746 |
| Female Median Income | $59,204 | $51,419 | $54,793 |
| Gender Pay Gap | 38.5% | 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 Kendall County, it is 0.582, about the same as Texas's 0.587, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 63% more than women's income in Kendall County, Texas. Over a 35-year career, a 63% wage gap accumulates to roughly $1,295,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kendall County, Texas has widened from about 29% to 38% in 2023. In dollar terms, the gap has widened by $21,327 since 2009.
Employment
| Metric | Kendall County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 5.1% | 5.2% |
| Working from Home | 20.9% | 12.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 1,076 people are unemployed in Kendall County, Texas.
The average commute time in Kendall County is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kendall County, Texas has risen from 4.1% to 4.7% in 2023.
Conclusion
Considering all these factors, Kendall 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 Kendall County, Texas.
How Rich Is Kendall County, Texas?
Kendall 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 $111,555, about 46% higher than the Texas average of $76,510.
What is the current median household income in Kendall County, Texas?
As of 2023, the median household income in Kendall County, Texas is $111,555.
What was the median household income in Kendall County in 2023?
In 2023, the median household income in Kendall County, Texas was $111,555.
What was the median household income in Kendall County in 2020?
In 2020, the median household income in Kendall County, Texas was $98,881.
What is the Gini coefficient in Kendall County, Texas?
The Gini coefficient in Kendall County is 0.582. 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 Kendall County, Texas?
Since 2009, the income gap between men and women in Kendall County, Texas has widened from about 29% to 38% in 2023. In dollar terms, the gap has widened by $21,327 since 2009.