Wealth Index
Wealthier than 74% 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 | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,508 | $76,510 | $78,145 |
| Median Personal Income | $64,705 | $58,415 | $61,726 |
| Average income growth | 7.6% | 4.8% | 5.1% |
| Six-Figure Earners | 10.5% | 12.4% | 13.2% |
The median household income in Schleicher County is about 10% higher than in Texas. Income has been growing faster in Schleicher County (7.6%/yr) than in Texas (4.8%/yr).
About 10% of adults in Schleicher 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 Schleicher County, Texas grew by 59.3% from 2009 to 2023, reaching $84,508 in 2023. That's an average of about 7.6% per year.
Economic Inequality in Schleicher County | Gender Pay Gap | Gini Coefficient
| Metric | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.587 | 0.570 |
| Male Median Income | $74,209 | $64,517 | $67,746 |
| Female Median Income | $49,572 | $51,419 | $54,793 |
| Gender Pay Gap | 33.2% | 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 Schleicher County, it is 0.550, 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 50% more than women's income in Schleicher County, Texas. Over a 35-year career, a 50% wage gap accumulates to roughly $862,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Schleicher County, Texas has narrowed from about 51% to 33% in 2023. In dollar terms, the gap has narrowed by $3,518 since 2009.
Employment
| Metric | Schleicher County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 5.1% | 5.2% |
| Working from Home | 11.6% | 12.8% | 13.4% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 58 people are unemployed in Schleicher County, Texas.
The average commute time in Schleicher County is 13 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Schleicher County, Texas has risen from 3.5% to 5.2% in 2023.
Conclusion
Considering all these factors, Schleicher 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 Schleicher County, Texas.
How Rich Is Schleicher County, Texas?
Schleicher 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 $84,508, about 10% higher than the Texas average of $76,510.
What is the current median household income in Schleicher County, Texas?
As of 2023, the median household income in Schleicher County, Texas is $84,508.
What was the median household income in Schleicher County in 2023?
In 2023, the median household income in Schleicher County, Texas was $84,508.
What was the median household income in Schleicher County in 2020?
In 2020, the median household income in Schleicher County, Texas was $45,333.
What is the Gini coefficient in Schleicher County, Texas?
The Gini coefficient in Schleicher County is 0.550. 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 Schleicher County, Texas?
Since 2009, the income gap between men and women in Schleicher County, Texas has narrowed from about 51% to 33% in 2023. In dollar terms, the gap has narrowed by $3,518 since 2009.