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 | Navarro County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,282 | $76,510 | $78,145 |
| Median Personal Income | $46,543 | $58,415 | $61,726 |
| Average income growth | 4.6% | 4.8% | 5.1% |
| Six-Figure Earners | 5.7% | 12.4% | 13.2% |
The median household income in Navarro County is about 23% lower than in Texas. Income has been growing slower in Navarro County (4.6%/yr) than in Texas (4.8%/yr).
About 6% of adults in Navarro 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 Navarro County, Texas grew by 49.8% from 2009 to 2023, reaching $59,282 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Navarro County | Gender Pay Gap | Gini Coefficient
| Metric | Navarro County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.587 | 0.570 |
| Male Median Income | $51,455 | $64,517 | $67,746 |
| Female Median Income | $41,372 | $51,419 | $54,793 |
| Gender Pay Gap | 19.6% | 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 Navarro County, it is 0.563, lower than Texas's 0.587, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Navarro County, Texas. Over a 35-year career, a 24% wage gap accumulates to roughly $352,905 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Navarro County, Texas has widened from about 17% to 20% in 2023. In dollar terms, the gap has widened by $4,223 since 2009.
Employment
| Metric | Navarro County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 5.1% | 5.2% |
| Working from Home | 6.3% | 12.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 942 people are unemployed in Navarro County, Texas.
The average commute time in Navarro County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Navarro County, Texas has fallen from 8.5% to 3.8% in 2023.
Conclusion
Considering all these factors, Navarro County, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Navarro County, Texas.
How Rich Is Navarro County, Texas?
Navarro 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 $59,282, about 23% lower than the Texas average of $76,510.
What is the current median household income in Navarro County, Texas?
As of 2023, the median household income in Navarro County, Texas is $59,282.
What was the median household income in Navarro County in 2023?
In 2023, the median household income in Navarro County, Texas was $59,282.
What was the median household income in Navarro County in 2020?
In 2020, the median household income in Navarro County, Texas was $48,062.
What is the Gini coefficient in Navarro County, Texas?
The Gini coefficient in Navarro County is 0.563. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Navarro County, Texas?
Since 2009, the income gap between men and women in Navarro County, Texas has widened from about 17% to 20% in 2023. In dollar terms, the gap has widened by $4,223 since 2009.