Wealth Index
Less wealthy than 86% 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 | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,723 | $76,510 | $78,145 |
| Median Personal Income | $66,528 | $58,415 | $61,726 |
| Average income growth | 11.2% | 4.8% | 5.1% |
| Six-Figure Earners | 7.0% | 12.4% | 13.2% |
The median household income in Kinney County is about 17% lower than in Texas. Income has been growing faster in Kinney County (11.2%/yr) than in Texas (4.8%/yr).
About 7% of adults in Kinney 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 Kinney County, Texas grew by 168.0% from 2009 to 2023, reaching $63,723 in 2023. That's an average of about 11.2% per year.
Economic Inequality in Kinney County | Gender Pay Gap | Gini Coefficient
| Metric | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.591 | 0.587 | 0.570 |
| Male Median Income | $68,749 | $64,517 | $67,746 |
| Female Median Income | $51,666 | $51,419 | $54,793 |
| Gender Pay Gap | 24.8% | 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 Kinney County, it is 0.591, 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 33% more than women's income in Kinney County, Texas. Over a 35-year career, a 33% wage gap accumulates to roughly $597,905 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kinney County, Texas has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $3,815 since 2009.
Employment
| Metric | Kinney County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.6% | 5.1% | 5.2% |
| Working from Home | 4.5% | 12.8% | 13.4% |
| Commute time (minutes) | 7 | 22 | 22 |
Approximately 24 people are unemployed in Kinney County, Texas.
The average commute time in Kinney County is 7 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kinney County, Texas has fallen from 10.9% to 1.6% in 2023.
Conclusion
Considering all these factors, Kinney 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 Kinney County, Texas.
How Rich Is Kinney County, Texas?
Kinney 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 $63,723, about 17% lower than the Texas average of $76,510.
What is the current median household income in Kinney County, Texas?
As of 2023, the median household income in Kinney County, Texas is $63,723.
What was the median household income in Kinney County in 2023?
In 2023, the median household income in Kinney County, Texas was $63,723.
What was the median household income in Kinney County in 2020?
In 2020, the median household income in Kinney County, Texas was $39,968.
What is the Gini coefficient in Kinney County, Texas?
The Gini coefficient in Kinney County is 0.591. 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 Kinney County, Texas?
Since 2009, the income gap between men and women in Kinney County, Texas has narrowed from about 33% to 25% in 2023. In dollar terms, the gap has widened by $3,815 since 2009.