Lamb County, Texas Income Statistics
Lamb County Wealth Score
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.
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D
Lamb County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lamb County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,051 | $78,939 | $80,455 |
| Median Personal Income | $46,313 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.6% | 4.8% |
| Six-Figure Earners | 7.1% | 13.0% | 13.9% |
| $200k+ Households | 4.2% | 12.5% | 13.2% |
The median household income in Lamb County is about 23% lower than in Texas. Income has been growing faster in Lamb County (5.0%/yr) than in Texas (4.6%/yr).
About 7% of adults in Lamb County earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Lamb County, Texas grew by 71.8% from 2009 to 2024, reaching $61,051 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Lamb County
| Metric | Lamb County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.570 | 0.552 |
| Male Median Income | $54,322 | $66,147 | $69,667 |
| Female Median Income | $41,442 | $53,058 | $56,850 |
| Gender Pay Gap | 23.7% | 19.8% | 18.4% |
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 Lamb County, it is 0.553, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 31% more than women's income in Lamb County, Texas. Over a 35-year career, a 31% wage gap accumulates to roughly $450,800 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lamb County, Texas has widened from about 23% to 24% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 17% in 2011. In dollar terms, the gap has widened by $5,093 since 2009.
Employment
| Metric | Lamb County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.1% | 5.2% | 5.2% |
| Working from Home | 4.0% | 14.4% | 15.0% |
| Commute time (minutes) | 10 | 22 | 22 |
Approximately 121 people are unemployed in Lamb County, Texas.
The average commute time in Lamb County is 10 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lamb County, Texas has fallen from 8.3% to 2.1% in 2024. Over that period the rate peaked at 9.8% in 2013.
Lamb County, TX Wealth Compared With Nearby Counties
Lamb County, TX is the 3rd largest of the 6 counties compared here, 12,828 residents against a local median of 9,731. The measure that sets Lamb County, TX apart most is income growth: 5.0%/yr, 51% above the local median of 3.3%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.1% against a local median of 3.7%, 45% below it. Every measure here with a clear better direction points the same way, so Lamb County, TX is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 3.9%/yr on income growth, so Lamb County, TX sits at one end of an already wide local range rather than apart from it. Lamb County, TX has the 3rd highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Lamb County, TX | 12,828 | $61,051 #4/6 | 5.0%/yr #3/6 | 2.1% #2/6 | 0.553 #2/6 |
| Hockley County, TX | 21,363 | $63,140 | 3.0%/yr | 4.7% | 0.563 |
| Castro County, TX | 7,344 | $53,146 | 3.3%/yr | 3.7% | 0.607 |
| Bailey County, TX | 6,913 | $62,241 | 5.8%/yr | 1.0% | 0.589 |
| Hale County, TX | 32,131 | $52,270 | 1.9%/yr | 5.3% | 0.590 |
| Parmer County, TX | 9,731 | $72,449 | 5.1%/yr | 2.6% | 0.546 |
Conclusion
Considering all these factors, Lamb 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 Lamb County, Texas.
How Rich Is Lamb County, Texas?
Lamb 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 $61,051, about 23% lower than the Texas average of $78,939.
How fast is household income rising in Lamb County, Texas?
Between 2009 and 2024, the median household income in Lamb County, Texas rose 72%, from $35,532 to $61,051. Over the same years, income here outpaced Texas as a whole: +72% against +64%.
What was the median household income in Lamb County in 2023?
In 2023, the median household income in Lamb County, Texas was $56,888, up 3% from $55,131 in 2022. The Texas median that year was $76,528.
What was the median household income in Lamb County in 2020?
In 2020, the median household income in Lamb County, Texas was $44,921. By 2024 it had risen 36% to $61,051.
How strong is the job market in Lamb County, Texas?
Unemployment in Lamb County, Texas is only 2.1%, well below the Texas rate of 5.2%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lamb County, Texas?
The Gini coefficient in Lamb County is 0.553. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Lamb County, Texas?
Since 2009, the income gap between men and women in Lamb County, Texas has widened from about 23% to 24% in 2024. Over that period the gap was widest at 35% in 2021, and was narrowest at 17% in 2011. In dollar terms, the gap has widened by $5,093 since 2009.
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