Wealth Index
Least wealthy county 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 | Kenedy County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $38,499 | $76,510 | $78,145 |
| Median Personal Income | $49,166 | $58,415 | $61,726 |
| Average income growth | 8.6% | 4.8% | 5.1% |
| Six-Figure Earners | 2.0% | 12.4% | 13.2% |
The median household income in Kenedy County is about 50% lower than in Texas. Income has been growing faster in Kenedy County (8.6%/yr) than in Texas (4.8%/yr).
About 2% of adults in Kenedy 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 Kenedy County, Texas grew by 49.0% from 2009 to 2023, reaching $38,499 in 2023. That's an average of about 8.6% per year.
Economic Inequality in Kenedy County | Gender Pay Gap | Gini Coefficient
| Metric | Kenedy County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.466 | 0.587 | 0.570 |
| Male Median Income | $55,000 | $64,517 | $67,746 |
| Female Median Income | $49,165 | $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 Kenedy County, it is 0.466, 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 12% more than women's income in Kenedy County, Texas. Over a 35-year career, a 12% wage gap accumulates to roughly $204,225 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kenedy County, Texas has narrowed from about 16% to 11% in 2023. In dollar terms, the gap has narrowed by $1,629 since 2009.
Employment
| Metric | Kenedy County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 5.1% | 5.2% |
| Working from Home | 4.0% | 12.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
The average commute time in Kenedy County is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
The unemployment rate in Kenedy County, Texas has stayed about flat at 1.0% since 2011.
Conclusion
Considering all these factors, Kenedy County, Texas has an overall wealth index grade of F, making it worse than Texas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kenedy County, Texas.
How Rich Is Kenedy County, Texas?
Kenedy County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $38,499, about 50% lower than the Texas average of $76,510.
What is the current median household income in Kenedy County, Texas?
As of 2023, the median household income in Kenedy County, Texas is $38,499.
What was the median household income in Kenedy County in 2023?
In 2023, the median household income in Kenedy County, Texas was $38,499.
What was the median household income in Kenedy County in 2020?
In 2020, the median household income in Kenedy County, Texas was $40,167.
What is the Gini coefficient in Kenedy County, Texas?
The Gini coefficient in Kenedy County is 0.466. 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 Kenedy County, Texas?
Since 2009, the income gap between men and women in Kenedy County, Texas has narrowed from about 16% to 11% in 2023. In dollar terms, the gap has narrowed by $1,629 since 2009.