Wealth Index
Less wealthy than 89% 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 | Reeves County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,169 | $76,510 | $78,145 |
| Median Personal Income | $49,030 | $58,415 | $61,726 |
| Average income growth | 2.7% | 4.8% | 5.1% |
| Six-Figure Earners | 7.1% | 12.4% | 13.2% |
The median household income in Reeves County is about 28% lower than in Texas. Income has been growing slower in Reeves County (2.7%/yr) than in Texas (4.8%/yr).
About 7% of adults in Reeves 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 Reeves County, Texas grew by 61.3% from 2009 to 2023, reaching $55,169 in 2023. That's an average of about 2.7% per year.
Economic Inequality in Reeves County | Gender Pay Gap | Gini Coefficient
| Metric | Reeves County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.629 | 0.587 | 0.570 |
| Male Median Income | $56,649 | $64,517 | $67,746 |
| Female Median Income | $41,440 | $51,419 | $54,793 |
| Gender Pay Gap | 26.8% | 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 Reeves County, it is 0.629, higher than Texas's 0.587, so income is less 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 37% more than women's income in Reeves County, Texas. Over a 35-year career, a 37% wage gap accumulates to roughly $532,315 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Reeves County, Texas has narrowed from about 37% to 27% in 2023. In dollar terms, the gap has widened by $128 since 2009.
Employment
| Metric | Reeves County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.1% | 5.2% |
| Working from Home | 1.3% | 12.8% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 242 people are unemployed in Reeves County, Texas.
The average commute time in Reeves County is 12 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Reeves County, Texas has fallen from 11.2% to 4.0% in 2023.
Conclusion
Considering all these factors, Reeves 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 Reeves County, Texas.
How Rich Is Reeves County, Texas?
Reeves 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 $55,169, about 28% lower than the Texas average of $76,510.
What is the current median household income in Reeves County, Texas?
As of 2023, the median household income in Reeves County, Texas is $55,169.
What was the median household income in Reeves County in 2023?
In 2023, the median household income in Reeves County, Texas was $55,169.
What was the median household income in Reeves County in 2020?
In 2020, the median household income in Reeves County, Texas was $60,788.
What is the Gini coefficient in Reeves County, Texas?
The Gini coefficient in Reeves County is 0.629. 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 Reeves County, Texas?
Since 2009, the income gap between men and women in Reeves County, Texas has narrowed from about 37% to 27% in 2023. In dollar terms, the gap has widened by $128 since 2009.