Wealth Index
Less wealthy than 70% 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 | Live Oak County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,757 | $76,510 | $78,145 |
| Median Personal Income | $51,416 | $58,415 | $61,726 |
| Average income growth | 1.4% | 4.8% | 5.1% |
| Six-Figure Earners | 7.1% | 12.4% | 13.2% |
The median household income in Live Oak County is about 27% lower than in Texas. Income has been growing slower in Live Oak County (1.4%/yr) than in Texas (4.8%/yr).
About 7% of adults in Live Oak 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 Live Oak County, Texas grew by 36.4% from 2009 to 2023, reaching $55,757 in 2023. That's an average of about 1.4% per year.
Economic Inequality in Live Oak County | Gender Pay Gap | Gini Coefficient
| Metric | Live Oak County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.621 | 0.587 | 0.570 |
| Male Median Income | $65,326 | $64,517 | $67,746 |
| Female Median Income | $39,403 | $51,419 | $54,793 |
| Gender Pay Gap | 39.7% | 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 Live Oak County, it is 0.621, higher than Texas's 0.587, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 66% more than women's income in Live Oak County, Texas. Over a 35-year career, a 66% wage gap accumulates to roughly $907,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Live Oak County, Texas has widened from about 30% to 40% in 2023. In dollar terms, the gap has widened by $14,324 since 2009.
Employment
| Metric | Live Oak County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.1% | 5.2% |
| Working from Home | 9.5% | 12.8% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 219 people are unemployed in Live Oak County, Texas.
The average commute time in Live Oak County is 17 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Live Oak County, Texas has risen from 4.4% to 5.4% in 2023.
Conclusion
Considering all these factors, Live Oak 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 Live Oak County, Texas.
How Rich Is Live Oak County, Texas?
Live Oak 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 $55,757, about 27% lower than the Texas average of $76,510.
What is the current median household income in Live Oak County, Texas?
As of 2023, the median household income in Live Oak County, Texas is $55,757.
What was the median household income in Live Oak County in 2023?
In 2023, the median household income in Live Oak County, Texas was $55,757.
What was the median household income in Live Oak County in 2020?
In 2020, the median household income in Live Oak County, Texas was $50,308.
What is the Gini coefficient in Live Oak County, Texas?
The Gini coefficient in Live Oak County is 0.621. 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 Live Oak County, Texas?
Since 2009, the income gap between men and women in Live Oak County, Texas has widened from about 30% to 40% in 2023. In dollar terms, the gap has widened by $14,324 since 2009.