Wise County, Texas Income Statistics
Wise County Wealth Score
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.
-
B
Wise County Around averageWealthier than 85% of counties in Texas
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $92,724 | $78,939 | $80,455 |
| Median Personal Income | $57,504 | $56,913 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.6% | 4.8% |
| Six-Figure Earners | 13.0% | 13.0% | 13.9% |
| $200k+ Households | 12.5% | 12.5% | 13.2% |
The median household income in Wise County is about 17% higher than in Texas. Income has been growing faster in Wise County (6.2%/yr) than in Texas (4.6%/yr).
About 13% of adults in Wise County earn six figures ($100,000 or more) a year, about the same as the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Wise County, Texas grew by 64.2% from 2009 to 2024, reaching $92,724 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Wise County
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.570 | 0.552 |
| Male Median Income | $70,195 | $66,147 | $69,667 |
| Female Median Income | $53,672 | $53,058 | $56,850 |
| Gender Pay Gap | 23.5% | 19.8% | 18.4% |
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 Wise County, it is 0.556, lower than Texas's 0.570, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 31% more than women's income in Wise County, Texas. Over a 35-year career, a 31% wage gap accumulates to roughly $578,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wise County, Texas has narrowed from about 30% to 24% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 22% in 2020. In dollar terms, the gap has widened by $3,007 since 2009.
Employment
| Metric | Wise County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.2% | 5.2% |
| Working from Home | 12.0% | 14.4% | 15.0% |
| Commute time (minutes) | 30 | 22 | 22 |
Approximately 2,006 people are unemployed in Wise County, Texas.
The average commute time in Wise County is 30 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wise County, Texas has fallen from 8.9% to 5.3% in 2024. Over that period the rate peaked at 10.7% in 2013 and fell as low as 4.3% in 2022.
Wise County, TX Wealth Compared With Nearby Counties
Wise County, TX is the 4th largest of the 6 counties compared here, 75,004 residents against a local median of 165,168. Where Wise County, TX breaks from the counties next to it is income growth, sitting 43% above the local median of 4.4%/yr at 6.2%/yr. That is the better end of the local range on this measure.
The counties themselves spread 2.2%/yr on income growth, so Wise County, TX sits at one end of an already wide local range rather than apart from it. Wise County, TX has the highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Wise County, TX | 75,004 | $92,724 #3/6 | 6.2%/yr #1/6 | 5.3% #4/6 | 0.556 #4/6 |
| Parker County, TX | 165,168 | $105,306 | 5.5%/yr | 4.0% | 0.552 |
| Montague County, TX | 21,046 | $64,187 | 4.3%/yr | 7.1% | 0.564 |
| Jack County, TX | 8,882 | $64,926 | 3.3%/yr | 9.6% | 0.636 |
| Denton County, TX | 979,063 | $112,041 | 4.8%/yr | 4.0% | 0.535 |
| Tarrant County, TX | 2,166,122 | $85,034 | 4.4%/yr | 4.7% | 0.550 |
Conclusion
Considering all these factors, Wise County, Texas has an overall wealth index grade of B, making it somewhat better than Texas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wise County, Texas.
How Rich Is Wise County, Texas?
Wise County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $92,724, about 17% higher than the Texas average of $78,939.
Are incomes growing in Wise County, Texas?
Between 2009 and 2024, the median household income in Wise County, Texas rose 64%, from $56,472 to $92,724. Over the same years, income here kept pace with Texas as a whole: +64% against +64%.
What was the median household income in Wise County in 2023?
In 2023, the median household income in Wise County, Texas was $89,751, up 6% from $84,690 in 2022. The Texas median that year was $76,528.
What was the median household income in Wise County in 2020?
In 2020, the median household income in Wise County, Texas was $70,048. By 2024 it had risen 32% to $92,724.
What is the Gini coefficient in Wise County, Texas?
The Gini coefficient in Wise County is 0.556. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Wise County, Texas?
Since 2009, the income gap between men and women in Wise County, Texas has narrowed from about 30% to 24% in 2024. Over that period the gap was widest at 32% in 2010, and was narrowest at 22% in 2020. In dollar terms, the gap has widened by $3,007 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →