Wealth Index
Less wealthy than 75% 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 | Red River County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,157 | $76,510 | $78,145 |
| Median Personal Income | $48,898 | $58,415 | $61,726 |
| Average income growth | 4.5% | 4.8% | 5.1% |
| Six-Figure Earners | 5.6% | 12.4% | 13.2% |
The median household income in Red River County is about 38% lower than in Texas. Income has been growing slower in Red River County (4.5%/yr) than in Texas (4.8%/yr).
About 6% of adults in Red River 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 Red River County, Texas grew by 25.5% from 2009 to 2023, reaching $47,157 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Red River County | Gender Pay Gap | Gini Coefficient
| Metric | Red River County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.587 | 0.570 |
| Male Median Income | $56,768 | $64,517 | $67,746 |
| Female Median Income | $41,889 | $51,419 | $54,793 |
| Gender Pay Gap | 26.2% | 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 Red River County, it is 0.540, 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 36% more than women's income in Red River County, Texas. Over a 35-year career, a 36% wage gap accumulates to roughly $520,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Red River County, Texas has widened from about 23% to 26% in 2023. In dollar terms, the gap has widened by $6,200 since 2009.
Employment
| Metric | Red River County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.0% | 5.1% | 5.2% |
| Working from Home | 11.0% | 12.8% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 94 people are unemployed in Red River County, Texas.
The average commute time in Red River County is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Red River County, Texas has fallen from 6.6% to 2.0% in 2023.
Conclusion
Considering all these factors, Red River 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 Red River County, Texas.
How Rich Is Red River County, Texas?
Red River 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 $47,157, about 38% lower than the Texas average of $76,510.
What is the current median household income in Red River County, Texas?
As of 2023, the median household income in Red River County, Texas is $47,157.
What was the median household income in Red River County in 2023?
In 2023, the median household income in Red River County, Texas was $47,157.
What was the median household income in Red River County in 2020?
In 2020, the median household income in Red River County, Texas was $37,135.
What is the Gini coefficient in Red River County, Texas?
The Gini coefficient in Red River County is 0.540. 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 Red River County, Texas?
Since 2009, the income gap between men and women in Red River County, Texas has widened from about 23% to 26% in 2023. In dollar terms, the gap has widened by $6,200 since 2009.