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 | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,003 | $76,510 | $78,145 |
| Median Personal Income | $55,756 | $58,415 | $61,726 |
| Average income growth | 4.2% | 4.8% | 5.1% |
| Six-Figure Earners | 10.2% | 12.4% | 13.2% |
The median household income in Rains County is about 12% lower than in Texas. Income has been growing slower in Rains County (4.2%/yr) than in Texas (4.8%/yr).
About 10% of adults in Rains 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 Rains County, Texas grew by 63.3% from 2009 to 2023, reaching $67,003 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Rains County | Gender Pay Gap | Gini Coefficient
| Metric | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.587 | 0.570 |
| Male Median Income | $68,170 | $64,517 | $67,746 |
| Female Median Income | $47,213 | $51,419 | $54,793 |
| Gender Pay Gap | 30.7% | 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 Rains County, it is 0.541, 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 44% more than women's income in Rains County, Texas. Over a 35-year career, a 44% wage gap accumulates to roughly $733,495 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rains County, Texas has widened from about 11% to 31% in 2023. In dollar terms, the gap has widened by $16,875 since 2009.
Employment
| Metric | Rains County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.4% | 5.1% | 5.2% |
| Working from Home | 9.2% | 12.8% | 13.4% |
| Commute time (minutes) | 31 | 22 | 22 |
Approximately 131 people are unemployed in Rains County, Texas.
The average commute time in Rains County is 31 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rains County, Texas has fallen from 8.2% to 2.4% in 2023.
Conclusion
Considering all these factors, Rains 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 Rains County, Texas.
How Rich Is Rains County, Texas?
Rains 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 $67,003, about 12% lower than the Texas average of $76,510.
What is the current median household income in Rains County, Texas?
As of 2023, the median household income in Rains County, Texas is $67,003.
What was the median household income in Rains County in 2023?
In 2023, the median household income in Rains County, Texas was $67,003.
What was the median household income in Rains County in 2020?
In 2020, the median household income in Rains County, Texas was $52,295.
What is the Gini coefficient in Rains County, Texas?
The Gini coefficient in Rains County is 0.541. 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 Rains County, Texas?
Since 2009, the income gap between men and women in Rains County, Texas has widened from about 11% to 31% in 2023. In dollar terms, the gap has widened by $16,875 since 2009.