Wood County, Texas Income Statistics
Wood 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.
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D
Wood County Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,416 | $78,939 | $80,455 |
| Median Personal Income | $48,880 | $56,913 | $60,758 |
| Average Yearly Income Growth | 3.0% | 4.6% | 4.8% |
| Six-Figure Earners | 8.4% | 13.0% | 13.9% |
| $200k+ Households | 6.3% | 12.5% | 13.2% |
The median household income in Wood County is about 23% lower than in Texas. Income has been growing slower in Wood County (3.0%/yr) than in Texas (4.6%/yr).
About 8% of adults in Wood County earn six figures ($100,000 or more) a year, lower than the Texas average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Wood County, Texas grew by 53.3% from 2009 to 2024, reaching $60,416 in 2024. That's an average of about 3.0% per year.
Income Inequality and the Gender Pay Gap in Wood County
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.570 | 0.552 |
| Male Median Income | $52,939 | $66,147 | $69,667 |
| Female Median Income | $48,038 | $53,058 | $56,850 |
| Gender Pay Gap | 9.3% | 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 Wood County, it is 0.557, 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 10% more than women's income in Wood County, Texas. Over a 35-year career, a 10% wage gap accumulates to roughly $171,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wood County, Texas has narrowed from about 27% to 9% in 2024. Over that period the gap was widest at 32% in 2019. In dollar terms, the gap has narrowed by $5,378 since 2009.
Employment
| Metric | Wood County | Texas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.2% | 5.2% |
| Working from Home | 10.6% | 14.4% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,168 people are unemployed in Wood County, Texas.
The average commute time in Wood County is 23 minutes, longer than the 22 minutes in Texas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wood County, Texas has fallen from 7.4% to 6.3% in 2024. Over that period the rate peaked at 9.3% in 2016 and fell as low as 4.6% in 2021.
Wood County, TX Wealth Compared With Nearby Counties
Wood County, TX is the 2nd largest of the 6 counties compared here, 46,961 residents against a local median of 37,784. Where Wood County, TX breaks from the counties next to it is income growth, sitting 43% below the local median of 5.4%/yr at 3.0%/yr. That is the weaker end of the local range on this measure.
Unemployment tells the same story from another angle: 6.3% against a local median of 4.4%, 43% above it. Every measure here with a clear better direction points the same way, and it is the wrong way: Wood County, TX reads weaker than its neighbours on all of them. The counties themselves spread 3.7%/yr on income growth, so Wood County, TX sits at one end of an already wide local range rather than apart from it. Wood County, TX has the 6th 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. |
|---|---|---|---|---|---|
| Wood County, TX | 46,961 | $60,416 #6/6 | 3.0%/yr #6/6 | 6.3% #6/6 | 0.557 #5/6 |
| Hopkins County, TX | 37,784 | $69,823 | 5.5%/yr | 4.0% | 0.541 |
| Rains County, TX | 12,775 | $65,168 | 3.4%/yr | 3.3% | 0.565 |
| Franklin County, TX | 10,632 | $71,473 | 7.1%/yr | 4.4% | 0.541 |
| Smith County, TX | 241,737 | $74,135 | 5.4%/yr | 4.4% | 0.554 |
| Upshur County, TX | 42,567 | $64,889 | 3.9%/yr | 5.8% | 0.556 |
Conclusion
Considering all these factors, Wood County, Texas has an overall wealth index grade of D, making it about on par with Texas, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wood County, Texas.
How Rich Is Wood County, Texas?
Wood County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $60,416, about 23% lower than the Texas average of $78,939.
How fast is household income rising in Wood County, Texas?
Between 2009 and 2024, the median household income in Wood County, Texas rose 53%, from $39,422 to $60,416. Over the same years, income here lagged behind Texas as a whole: +53% against +64%.
What was the median household income in Wood County in 2023?
In 2023, the median household income in Wood County, Texas was $62,712, up 1% from $62,194 in 2022. The Texas median that year was $76,528.
What was the median household income in Wood County in 2020?
In 2020, the median household income in Wood County, Texas was $56,573. By 2024 it had risen 7% to $60,416.
What is the Gini coefficient in Wood County, Texas?
The Gini coefficient in Wood County is 0.557. 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 Wood County, Texas?
Since 2009, the income gap between men and women in Wood County, Texas has narrowed from about 27% to 9% in 2024. Over that period the gap was widest at 32% in 2019. In dollar terms, the gap has narrowed by $5,378 since 2009.
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