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 | Upshur County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,358 | $76,510 | $78,145 |
| Median Personal Income | $56,099 | $58,415 | $61,726 |
| Average income growth | 3.9% | 4.8% | 5.1% |
| Six-Figure Earners | 8.3% | 12.4% | 13.2% |
The median household income in Upshur County is about 18% lower than in Texas. Income has been growing slower in Upshur County (3.9%/yr) than in Texas (4.8%/yr).
About 8% of adults in Upshur 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 Upshur County, Texas grew by 49.2% from 2009 to 2023, reaching $62,358 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Upshur County | Gender Pay Gap | Gini Coefficient
| Metric | Upshur County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.587 | 0.570 |
| Male Median Income | $63,253 | $64,517 | $67,746 |
| Female Median Income | $45,794 | $51,419 | $54,793 |
| Gender Pay Gap | 27.6% | 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 Upshur County, it is 0.575, lower than Texas's 0.587, so income is more 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 38% more than women's income in Upshur County, Texas. Over a 35-year career, a 38% wage gap accumulates to roughly $611,065 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Upshur County, Texas has widened from about 27% to 28% in 2023. In dollar terms, the gap has widened by $6,437 since 2009.
Employment
| Metric | Upshur County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 5.1% | 5.2% |
| Working from Home | 5.9% | 12.8% | 13.4% |
| Commute time (minutes) | 28 | 22 | 22 |
Approximately 833 people are unemployed in Upshur County, Texas.
The average commute time in Upshur County is 28 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Upshur County, Texas has fallen from 7.0% to 4.4% in 2023.
Conclusion
Considering all these factors, Upshur 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 Upshur County, Texas.
How Wealthy Is Upshur County, Texas?
Upshur 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 $62,358, about 18% lower than the Texas average of $76,510.
What is the current median household income in Upshur County, Texas?
As of 2023, the median household income in Upshur County, Texas is $62,358.
What was the median household income in Upshur County in 2023?
In 2023, the median household income in Upshur County, Texas was $62,358.
What was the median household income in Upshur County in 2020?
In 2020, the median household income in Upshur County, Texas was $55,473.
What is the Gini coefficient in Upshur County, Texas?
The Gini coefficient in Upshur County is 0.575. 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 Upshur County, Texas?
Since 2009, the income gap between men and women in Upshur County, Texas has widened from about 27% to 28% in 2023. In dollar terms, the gap has widened by $6,437 since 2009.