Lipscomb County, Texas Income Statistics
Lipscomb 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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C
Lipscomb County Below averageWealthier than 76% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,634 | $78,939 | $80,455 |
| Median Personal Income | $50,512 | $56,913 | $60,758 |
| Average Yearly Income Growth | 2.4% | 4.6% | 4.8% |
| Six-Figure Earners | 7.6% | 13.0% | 13.9% |
| $200k+ Households | 7.8% | 12.5% | 13.2% |
The median household income in Lipscomb County is about 8% lower than in Texas. Income has been growing slower in Lipscomb County (2.4%/yr) than in Texas (4.6%/yr).
About 8% of adults in Lipscomb 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 Lipscomb County, Texas grew by 48.3% from 2009 to 2024, reaching $72,634 in 2024. That's an average of about 2.4% per year.
Income Inequality and the Gender Pay Gap in Lipscomb County
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.570 | 0.552 |
| Male Median Income | $60,406 | $66,147 | $69,667 |
| Female Median Income | $47,930 | $53,058 | $56,850 |
| Gender Pay Gap | 20.7% | 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 Lipscomb County, it is 0.569, about the same as Texas's 0.570, so income here is about as evenly distributed as there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 26% more than women's income in Lipscomb County, Texas. Over a 35-year career, a 26% wage gap accumulates to roughly $436,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lipscomb County, Texas has narrowed from about 27% to 21% in 2024. Over that period the gap was widest at 45% in 2018, and was narrowest at 18% in 2010. In dollar terms, the gap has widened by $128 since 2009.
Employment
| Metric | Lipscomb County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 5.2% | 5.2% |
| Working from Home | 2.1% | 14.4% | 15.0% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 81 people are unemployed in Lipscomb County, Texas.
The average commute time in Lipscomb County is 15 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lipscomb County, Texas has risen from 1.8% to 6.5% in 2024. Over that period the rate peaked at 7.4% in 2023.
Lipscomb County, TX Wealth Compared With Nearby Counties
Lipscomb County, TX is the 5th largest of the 6 counties compared here, 2,918 residents against a local median of 3,683. Where Lipscomb County, TX breaks from the counties next to it is unemployment, sitting 148% above the local median of 2.6% at 6.5%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 2.4%/yr against a local median of 1.8%/yr, 39% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Lipscomb County, TX is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 4.9% on unemployment, so Lipscomb County, TX sits at one end of an already wide local range rather than apart from it. Lipscomb County, TX has the 6th lowest unemployment 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. |
|---|---|---|---|---|---|
| Lipscomb County, TX | 2,918 | $72,634 #1/6 | 2.4%/yr #2/6 | 6.5% #6/6 | 0.569 #6/6 |
| Hemphill County, TX | 3,234 | $63,947 | -0.3%/yr | 5.9% | 0.556 |
| Beaver County, OK | 5,028 | $62,284 | 1.8%/yr | 2.6% | 0.544 |
| Ellis County, OK | 3,683 | $61,071 | 1.8%/yr | 5.3% | 0.545 |
| Ochiltree County, TX | 9,786 | $71,458 | 4.6%/yr | 1.0% | 0.544 |
| Roberts County, TX | 832 | $69,605 | -0.3%/yr | 1.0% | 0.531 |
Conclusion
Considering all these factors, Lipscomb 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 Lipscomb County, Texas.
How Rich Is Lipscomb County, Texas?
Lipscomb 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 $72,634, about 8% lower than the Texas average of $78,939.
How has median household income changed in Lipscomb County, Texas?
Between 2009 and 2024, the median household income in Lipscomb County, Texas rose 48%, from $48,967 to $72,634. Over the same years, income here lagged behind Texas as a whole: +48% against +64%.
What was the median household income in Lipscomb County in 2023?
In 2023, the median household income in Lipscomb County, Texas was $72,481, up 1% from $72,078 in 2022. The Texas median that year was $76,528.
What was the median household income in Lipscomb County in 2020?
In 2020, the median household income in Lipscomb County, Texas was $63,120. By 2024 it had risen 15% to $72,634.
What is the Gini coefficient in Lipscomb County, Texas?
The Gini coefficient in Lipscomb County is 0.569. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Lipscomb County, Texas?
Since 2009, the income gap between men and women in Lipscomb County, Texas has narrowed from about 27% to 21% in 2024. Over that period the gap was widest at 45% in 2018, and was narrowest at 18% in 2010. In dollar terms, the gap has widened by $128 since 2009.
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