Palo Pinto County, Texas Income Statistics
Palo Pinto 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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D
Palo Pinto County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,381 | $78,939 | $80,455 |
| Median Personal Income | $48,112 | $56,913 | $60,758 |
| Average Yearly Income Growth | 5.9% | 4.6% | 4.8% |
| Six-Figure Earners | 8.1% | 13.0% | 13.9% |
| $200k+ Households | 6.1% | 12.5% | 13.2% |
The median household income in Palo Pinto County is about 15% lower than in Texas. Income has been growing faster in Palo Pinto County (5.9%/yr) than in Texas (4.6%/yr).
About 8% of adults in Palo Pinto 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 Palo Pinto County, Texas grew by 71.5% from 2009 to 2024, reaching $67,381 in 2024. That's an average of about 5.9% per year.
Income Inequality and the Gender Pay Gap in Palo Pinto County
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.570 | 0.552 |
| Male Median Income | $54,870 | $66,147 | $69,667 |
| Female Median Income | $47,189 | $53,058 | $56,850 |
| Gender Pay Gap | 14.0% | 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 Palo Pinto County, it is 0.560, lower than Texas's 0.570, so income is more evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 16% more than women's income in Palo Pinto County, Texas. Over a 35-year career, a 16% wage gap accumulates to roughly $268,835 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Palo Pinto County, Texas has narrowed from about 30% to 14% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $3,892 since 2009.
Employment
| Metric | Palo Pinto County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 5.2% | 5.2% |
| Working from Home | 8.0% | 14.4% | 15.0% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 791 people are unemployed in Palo Pinto County, Texas.
The average commute time in Palo Pinto County is 18 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Palo Pinto County, Texas has fallen from 8.3% to 6.1% in 2024. Over that period the rate peaked at 8.3% in 2014 and fell as low as 5.8% in 2020.
Palo Pinto County, TX Wealth Compared With Nearby Counties
Palo Pinto County, TX is the 3rd largest of the 6 counties compared here, 29,295 residents against a local median of 18,029. Palo Pinto County, TX's income growth, at 5.9%/yr, runs 17% above the 5.1%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 2.3%/yr on income growth, so Palo Pinto County, TX sits at one end of an already wide local range rather than apart from it. Palo Pinto County, TX has the highest income growth 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. |
|---|---|---|---|---|---|
| Palo Pinto County, TX | 29,295 | $67,381 #3/6 | 5.9%/yr #1/6 | 6.1% #5/6 | 0.560 #4/6 |
| Jack County, TX | 8,882 | $64,926 | 3.3%/yr | 9.6% | 0.636 |
| Parker County, TX | 165,168 | $105,306 | 5.5%/yr | 4.0% | 0.552 |
| Stephens County, TX | 9,351 | $59,055 | 3.7%/yr | 5.4% | 0.535 |
| Erath County, TX | 43,794 | $65,723 | 5.6%/yr | 5.7% | 0.582 |
| Young County, TX | 18,029 | $68,260 | 5.1%/yr | 3.5% | 0.532 |
Conclusion
Considering all these factors, Palo Pinto 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 Palo Pinto County, Texas.
How Rich Is Palo Pinto County, Texas?
Palo Pinto 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 $67,381, about 15% lower than the Texas average of $78,939.
Are incomes growing in Palo Pinto County, Texas?
Between 2009 and 2024, the median household income in Palo Pinto County, Texas rose 72%, from $39,281 to $67,381. Over the same years, income here outpaced Texas as a whole: +72% against +64%.
What was the median household income in Palo Pinto County in 2023?
In 2023, the median household income in Palo Pinto County, Texas was $64,503, down 1% from $64,924 in 2022. The Texas median that year was $76,528.
What was the median household income in Palo Pinto County in 2020?
In 2020, the median household income in Palo Pinto County, Texas was $56,190. By 2024 it had risen 20% to $67,381.
What is the Gini coefficient in Palo Pinto County, Texas?
The Gini coefficient in Palo Pinto County is 0.560. 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 Palo Pinto County, Texas?
Since 2009, the income gap between men and women in Palo Pinto County, Texas has narrowed from about 30% to 14% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 13% in 2023. In dollar terms, the gap has narrowed by $3,892 since 2009.
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