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 | Presidio County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $28,453 | $76,510 | $78,145 |
| Median Personal Income | $45,113 | $58,415 | $61,726 |
| Average income growth | -1.8% | 4.8% | 5.1% |
| Six-Figure Earners | 4.2% | 12.4% | 13.2% |
The median household income in Presidio County is about 63% lower than in Texas. Income has been growing slower in Presidio County (-1.8%/yr) than in Texas (4.8%/yr).
About 4% of adults in Presidio 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 Presidio County, Texas fell by 2.5% from 2009 to 2023, reaching $28,453 in 2023. That's an average of about 1.8% per year.
Economic Inequality in Presidio County | Gender Pay Gap | Gini Coefficient
| Metric | Presidio County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.591 | 0.587 | 0.570 |
| Male Median Income | $37,834 | $64,517 | $67,746 |
| Female Median Income | $56,621 | $51,419 | $54,793 |
| Gender Pay Gap | -49.7% | 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 Presidio County, it is 0.591, about the same as Texas's 0.587, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Women's income is about 50% more than men's income in Presidio County, Texas. Over a 35-year career, a 50% wage gap accumulates to roughly $657,545 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Presidio County, Texas has widened from about 39% to -50% in 2023. In dollar terms, the gap has narrowed by $31,630 since 2009.
Employment
| Metric | Presidio County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.1% | 5.1% | 5.2% |
| Working from Home | 7.1% | 12.8% | 13.4% |
| Commute time (minutes) | 7 | 22 | 22 |
Approximately 292 people are unemployed in Presidio County, Texas.
The average commute time in Presidio County is 7 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Presidio County, Texas has fallen from 11.4% to 11.1% in 2023.
Conclusion
Considering all these factors, Presidio County, Texas has an overall wealth index grade of F, making it worse than Texas, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Presidio County, Texas.
How Rich Is Presidio County, Texas?
Presidio County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $28,453, about 63% lower than the Texas average of $76,510.
What is the current median household income in Presidio County, Texas?
As of 2023, the median household income in Presidio County, Texas is $28,453.
What was the median household income in Presidio County in 2023?
In 2023, the median household income in Presidio County, Texas was $28,453.
What was the median household income in Presidio County in 2020?
In 2020, the median household income in Presidio County, Texas was $24,038.
What is the Gini coefficient in Presidio County, Texas?
The Gini coefficient in Presidio County is 0.591. 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 Presidio County, Texas?
Since 2009, the income gap between men and women in Presidio County, Texas has widened from about 39% to -50% in 2023. In dollar terms, the gap has narrowed by $31,630 since 2009.