Wealth Index
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 | Medina County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,940 | $76,510 | $78,145 |
| Median Personal Income | $53,888 | $58,415 | $61,726 |
| Average income growth | 3.6% | 4.8% | 5.1% |
| Six-Figure Earners | 6.9% | 12.4% | 13.2% |
The median household income in Medina County is about 3% lower than in Texas. Income has been growing slower in Medina County (3.6%/yr) than in Texas (4.8%/yr).
About 7% of adults in Medina 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 Medina County, Texas grew by 60.3% from 2009 to 2023, reaching $73,940 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Medina County | Gender Pay Gap | Gini Coefficient
| Metric | Medina County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.581 | 0.587 | 0.570 |
| Male Median Income | $60,086 | $64,517 | $67,746 |
| Female Median Income | $46,266 | $51,419 | $54,793 |
| Gender Pay Gap | 23.0% | 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 Medina County, it is 0.581, lower than Texas's 0.587, so income is more 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 30% more than women's income in Medina County, Texas. Over a 35-year career, a 30% wage gap accumulates to roughly $483,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Medina County, Texas has widened from about 19% to 23% in 2023. In dollar terms, the gap has widened by $6,508 since 2009.
Employment
| Metric | Medina County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 5.1% | 5.2% |
| Working from Home | 11.8% | 12.8% | 13.4% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 739 people are unemployed in Medina County, Texas.
The average commute time in Medina County is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Medina County, Texas has fallen from 8.4% to 3.2% in 2023.
Conclusion
Considering all these factors, Medina 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 Medina County, Texas.
How Rich Is Medina County, Texas?
Medina 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 $73,940, about 3% lower than the Texas average of $76,510.
What is the current median household income in Medina County, Texas?
As of 2023, the median household income in Medina County, Texas is $73,940.
What was the median household income in Medina County in 2023?
In 2023, the median household income in Medina County, Texas was $73,940.
What was the median household income in Medina County in 2020?
In 2020, the median household income in Medina County, Texas was $63,389.
What is the Gini coefficient in Medina County, Texas?
The Gini coefficient in Medina County is 0.581. 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 Medina County, Texas?
Since 2009, the income gap between men and women in Medina County, Texas has widened from about 19% to 23% in 2023. In dollar terms, the gap has widened by $6,508 since 2009.