Wealth Index
Wealthier than 75% 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 | Kent County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,999 | $76,510 | $78,145 |
| Median Personal Income | $48,166 | $58,415 | $61,726 |
| Average income growth | 6.2% | 4.8% | 5.1% |
| Six-Figure Earners | 5.5% | 12.4% | 13.2% |
The median household income in Kent County is about 10% lower than in Texas. Income has been growing faster in Kent County (6.2%/yr) than in Texas (4.8%/yr).
About 6% of adults in Kent 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 Kent County, Texas grew by 85.4% from 2009 to 2023, reaching $68,999 in 2023. That's an average of about 6.2% per year.
Economic Inequality in Kent County | Gender Pay Gap | Gini Coefficient
| Metric | Kent County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.587 | 0.570 |
| Male Median Income | $48,832 | $64,517 | $67,746 |
| Female Median Income | $43,999 | $51,419 | $54,793 |
| Gender Pay Gap | 9.9% | 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 Kent County, it is 0.545, 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 11% more than women's income in Kent County, Texas. Over a 35-year career, a 11% wage gap accumulates to roughly $169,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kent County, Texas has narrowed from about 22% to 10% in 2023. In dollar terms, the gap has narrowed by $5,063 since 2009.
Employment
| Metric | Kent County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.8% | 5.1% | 5.2% |
| Working from Home | 5.8% | 12.8% | 13.4% |
| Commute time (minutes) | 8 | 22 | 22 |
Approximately 25 people are unemployed in Kent County, Texas.
The average commute time in Kent County is 8 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kent County, Texas has risen from 4.0% to 8.8% in 2023.
Conclusion
Considering all these factors, Kent County, Texas has an overall wealth index grade of C, making it about on par with Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kent County, Texas.
How Rich Is Kent County, Texas?
Kent County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $68,999, about 10% lower than the Texas average of $76,510.
What is the current median household income in Kent County, Texas?
As of 2023, the median household income in Kent County, Texas is $68,999.
What was the median household income in Kent County in 2023?
In 2023, the median household income in Kent County, Texas was $68,999.
What was the median household income in Kent County in 2020?
In 2020, the median household income in Kent County, Texas was $68,716.
What is the Gini coefficient in Kent County, Texas?
The Gini coefficient in Kent County is 0.545. 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 Kent County, Texas?
Since 2009, the income gap between men and women in Kent County, Texas has narrowed from about 22% to 10% in 2023. In dollar terms, the gap has narrowed by $5,063 since 2009.