Wealth Index
Wealthiest county 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 | Rockwall County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $124,925 | $76,510 | $78,145 |
| Median Personal Income | $79,345 | $58,415 | $61,726 |
| Average income growth | 5.1% | 4.8% | 5.1% |
| Six-Figure Earners | 21.2% | 12.4% | 13.2% |
The median household income in Rockwall County is about 63% higher than in Texas. Income has been growing faster in Rockwall County (5.1%/yr) than in Texas (4.8%/yr).
About 21% of adults in Rockwall County earn six figures ($100,000 or more) a year, higher than the Texas average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Rockwall County, Texas grew by 57.0% from 2009 to 2023, reaching $124,925 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Rockwall County | Gender Pay Gap | Gini Coefficient
| Metric | Rockwall County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.555 | 0.587 | 0.570 |
| Male Median Income | $91,238 | $64,517 | $67,746 |
| Female Median Income | $66,999 | $51,419 | $54,793 |
| Gender Pay Gap | 26.6% | 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 Rockwall County, it is 0.555, 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 Rockwall County, Texas. Over a 35-year career, a 36% wage gap accumulates to roughly $848,365 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Rockwall County, Texas has stayed about the same since 2009, at around 27%. In dollar terms, the gap has widened by $8,283 since 2009.
Employment
| Metric | Rockwall County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 5.1% | 5.2% |
| Working from Home | 17.9% | 12.8% | 13.4% |
| Commute time (minutes) | 32 | 22 | 22 |
Approximately 2,540 people are unemployed in Rockwall County, Texas.
The average commute time in Rockwall County is 32 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rockwall County, Texas has fallen from 5.7% to 4.0% in 2023.
Conclusion
Considering all these factors, Rockwall County, Texas has an overall wealth index grade of A, making it notably better than Texas, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rockwall County, Texas.
How Rich Is Rockwall County, Texas?
Rockwall County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $124,925, about 63% higher than the Texas average of $76,510.
What is the current median household income in Rockwall County, Texas?
As of 2023, the median household income in Rockwall County, Texas is $124,925.
What was the median household income in Rockwall County in 2023?
In 2023, the median household income in Rockwall County, Texas was $124,925.
What was the median household income in Rockwall County in 2020?
In 2020, the median household income in Rockwall County, Texas was $106,452.
What is the Gini coefficient in Rockwall County, Texas?
The Gini coefficient in Rockwall County is 0.555. 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 Rockwall County, Texas?
The income gap between men and women in Rockwall County, Texas has stayed about the same since 2009, at around 27%. In dollar terms, the gap has widened by $8,283 since 2009.