Wealth Index
Wealthier than 73% 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 | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,183 | $76,510 | $78,145 |
| Median Personal Income | $54,826 | $58,415 | $61,726 |
| Average income growth | 3.8% | 4.8% | 5.1% |
| Six-Figure Earners | 8.7% | 12.4% | 13.2% |
The median household income in Victoria County is about 7% lower than in Texas. Income has been growing slower in Victoria County (3.8%/yr) than in Texas (4.8%/yr).
About 9% of adults in Victoria 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 Victoria County, Texas grew by 55.4% from 2009 to 2023, reaching $71,183 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Victoria County | Gender Pay Gap | Gini Coefficient
| Metric | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.569 | 0.587 | 0.570 |
| Male Median Income | $63,277 | $64,517 | $67,746 |
| Female Median Income | $44,396 | $51,419 | $54,793 |
| Gender Pay Gap | 29.8% | 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 Victoria County, it is 0.569, lower than Texas's 0.587, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 43% more than women's income in Victoria County, Texas. Over a 35-year career, a 43% wage gap accumulates to roughly $660,835 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Victoria County, Texas has narrowed from about 32% to 30% in 2023. In dollar terms, the gap has widened by $4,861 since 2009.
Employment
| Metric | Victoria County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 5.1% | 5.2% |
| Working from Home | 6.4% | 12.8% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,876 people are unemployed in Victoria County, Texas.
The average commute time in Victoria County is 17 minutes, shorter than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Victoria County, Texas has fallen from 7.3% to 4.3% in 2023.
Conclusion
Considering all these factors, Victoria 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 Victoria County, Texas.
How Rich Is Victoria County, Texas?
Victoria 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 $71,183, about 7% lower than the Texas average of $76,510.
What is the current median household income in Victoria County, Texas?
As of 2023, the median household income in Victoria County, Texas is $71,183.
What was the median household income in Victoria County in 2023?
In 2023, the median household income in Victoria County, Texas was $71,183.
What was the median household income in Victoria County in 2020?
In 2020, the median household income in Victoria County, Texas was $58,997.
What is the Gini coefficient in Victoria County, Texas?
The Gini coefficient in Victoria County is 0.569. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Victoria County, Texas?
Since 2009, the income gap between men and women in Victoria County, Texas has narrowed from about 32% to 30% in 2023. In dollar terms, the gap has widened by $4,861 since 2009.