Wealth Index
Wealthier than 83% 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 | Oldham County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,818 | $76,510 | $78,145 |
| Median Personal Income | $58,785 | $58,415 | $61,726 |
| Average income growth | 6.1% | 4.8% | 5.1% |
| Six-Figure Earners | 8.4% | 12.4% | 13.2% |
The median household income in Oldham County is about 4% higher than in Texas. Income has been growing faster in Oldham County (6.1%/yr) than in Texas (4.8%/yr).
About 8% of adults in Oldham 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 Oldham County, Texas grew by 68.6% from 2009 to 2023, reaching $79,818 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Oldham County | Gender Pay Gap | Gini Coefficient
| Metric | Oldham County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.587 | 0.570 |
| Male Median Income | $68,868 | $64,517 | $67,746 |
| Female Median Income | $40,000 | $51,419 | $54,793 |
| Gender Pay Gap | 41.9% | 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 Oldham County, it is 0.577, 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 72% more than women's income in Oldham County, Texas. Over a 35-year career, a 72% wage gap accumulates to roughly $1,010,380 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oldham County, Texas has widened from about 33% to 42% in 2023. In dollar terms, the gap has widened by $17,157 since 2009.
Employment
| Metric | Oldham County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 5.1% | 5.2% |
| Working from Home | 7.9% | 12.8% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 6 people are unemployed in Oldham County, Texas.
The average commute time in Oldham County is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oldham County, Texas has fallen from 6.6% to 1.0% in 2023.
Conclusion
Considering all these factors, Oldham County, Texas has an overall wealth index grade of C, making it somewhat better than Texas, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oldham County, Texas.
How Wealthy Is Oldham County, Texas?
Oldham 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 $79,818, about 4% higher than the Texas average of $76,510.
What is the current median household income in Oldham County, Texas?
As of 2023, the median household income in Oldham County, Texas is $79,818.
What was the median household income in Oldham County in 2023?
In 2023, the median household income in Oldham County, Texas was $79,818.
What was the median household income in Oldham County in 2020?
In 2020, the median household income in Oldham County, Texas was $64,518.
What is the Gini coefficient in Oldham County, Texas?
The Gini coefficient in Oldham County is 0.577. 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 Oldham County, Texas?
Since 2009, the income gap between men and women in Oldham County, Texas has widened from about 33% to 42% in 2023. In dollar terms, the gap has widened by $17,157 since 2009.