Wise County, TX Median Household Income: Trends, Analysis, and Key Findings

The median household income in Wise County was $89,897 in 2023, which marked an an increase of 9,988(12.50%) from $79,909 in 2020. This income is 114.46% of the U.S. median household income of $78,538 (all incomes in 2023 inflation-adjusted dollars).
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Updated Mar 3, 2025

Median Household Income in Wise County, TX (2010-2023, in 2023 inflation-adjusted dollars)

Below, you will find a table illustrating the median household income in Wise County, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars.

Year Median Household Income YOY Change($) YOY Change(%)
2010 77,563 - -
2011 78,302 739 0.95%
2012 74,006 -4,296 -5.49%
2013 73,576 -430 -0.58%
2014 72,800 -776 -1.05%
2015 73,396 596 0.82%
2016 71,822 -1,574 -2.14%
2017 73,675 1,853 2.58%
2018 75,117 1,442 1.96%
2019 77,158 2,041 2.72%
2020 79,909 2,751 3.57%
2021 84,955 5,046 6.31%
2022 88,907 3,952 4.65%
2023 89,897 990 1.11%

Wise County, TX median household income trends: 2010 to 2023

From 2010 to 2023, the median household income for Wise County increased by $12,334 (15.90%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 9 years and declined for 4 years.

The line chart shows Wise County, TX median household income from 2010 to 2023. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Wise County, TX median household income trends: 2010 to 2023. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. We observed that the median household income experienced growth year by year for 9 years and declined for 4 years. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 5,046 (from $79,909 to $84,955). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 4,296 (from $78,302 to $74,006).

When compared to all of the counties in the state of Texas, Wise County is ranked 20th among the 254 counties for its median household income. This ranking suggests that Wise County is among the top-performing counties in Texas, in terms of median household income.

Median household income in Wise County, TX by household size

To gain deeper insights into the median household income for Wise County, we conducted an analysis of the most recent available data from the U.S. Census Bureau American Community Survey 5 year Estimates (the most recent data available).

Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Wise County. Across the different household sizes in Wise County the mean income is $105,589, and the standard deviation is $36,408. The coefficient of variation (CV) is 34.48%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.

In the most recent year, 2023, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $41,781. It then further increased to $98,036 for 7-person households, the largest household size for which the bureau reported a median household income.

Bar chart showing Wise County, TX median household income for different household sizes in 2023. The chart illustrates income trends for 1-person to 7-or-more person households, with values adjusted for inflation. It provides insights into income disparities and variations across household sizes, aiding in data analysis and decision-making.
Wise County, TX median household income, by household size (in 2022 inflation-adjusted dollars). Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Wise County median household income by household size

The table below displays median household incomes for various household sizes, as reported by the U.S. Census Bureau. Explore how household income varies with the size of the family unit.

Household Size Median Household Income
1-person households 41,781
2-person households 90,527
3-person households 102,827
4-person households 119,093
5-person households 126,932
6-person households 159,926
7-or-more-person households 98,036

According to the Census Bureau data, the median household income reaches its peak among 6-person households, reaching $159,926 .

Wise County, TX income distribution and inequality

To gain a comprehensive understanding of income distribution in Wise County, we conducted an analysis of quintiles data from the U.S. Census Bureau. While the bureau does not categorize income into subjective classes like lower-income, middle-class, or upper-class, they instead divide the population into five quintiles, ensuring that each quintile represents nearly the same number of households. This classification allows us to analyze income levels across a spectrum from the lowest to the highest income groups.

Bar chart illustrating the Wise County mean household income for different quintiles, plus the top 5%, with values adjusted for 2022 inflation using R-CPI-U-RS. The chart provides insights into income distribution, showcasing variations across quintiles and highlighting the income of the top 5%. Useful for analyzing income disparities and trends for Wise County.
Mean household income by quintiles in Wise County, TX (in 2022 inflation-adjusted dollars): The mean household income for the wealthiest population (top 5%) is 383,691, which is 153.45% higher compared to the highest quintile, and 1636.49% higher compared to the lowest quintile. Source: U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates

Mean household income by quintile in Wise County

The table below presents the mean household income for each of the five quintiles in Wise County , offering valuable insights into income distribution and inequality.

Income Level Mean Household Income
Lowest Quintile 23,446
Second Quintile 56,549
Third Quintile 89,583
Fourth Quintile 132,407
Highest Quintile 250,048
Top 5 Percent 383,691

Key findings:

  • Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 23,446, while the mean income for the highest quintile (20% of households with the highest income) is 250,048. This indicates that the top earners earn 11 times compared to the lowest earners.
  • Top 5%: The mean household income for the wealthiest population (top 5%) is 383,691, which is 153.45% higher compared to the highest quintile, and 1636.49% higher compared to the lowest quintile.

Furthermore, as per the Census Bureau, the Gini coefficient for Wise County is 0.4104. Gini coefficient is a numeric measure ranging from 0 to 1, where lower numbers indicate greater income equality (with 0 representing complete equality, where all households earn the same income) and higher values signify greater income inequality (with 1 being complete inequality where one household receives all income).

Gini coefficient:
0.4104

Sources: U.S. Census Bureau, American Community Survey (ACS)

With a Gini coefficient of 0.4104, it is evident that income distribution in Wise County, TX exihibits characterstics of moderate inequality . This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in Wise County.It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in Wise County

Median household income in Wise County, TX by family type, 2023

The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Wise County reveals how household income distribution varies among these categories.

Interestingly, we found that the median household income did vary between family households and non-family households. In 2023, for Wise County, there were a total of 18,992 family households and 5,589 non-family households.

For the family households, the median income (in 2023 inflation-adjusted dollars) was $103,720. For the non-family households, the median income (in 2023 inflation-adjusted dollars) was $43,382.

Wise County, TX households by income brackets: family, non-family, and total, 2023, in 2022 inflation-adjusted dollars

The table below presents a breakdown of households across various income brackets in Wise County. The data in the table offers insights into the distribution of Wise County households based on income levels.

Income Level All Households % All Households Family Households % Family Households Non-Family Households % Non-Family Households
Total: 24,581 100.00% 18,992 100.00% 5,589 100.00%
Less than $10,000 767 3.12% 337 1.77% 430 7.69%
$10,000 to $14,999 652 2.65% 333 1.75% 319 5.71%
$15,000 to $19,999 544 2.21% 176 0.93% 368 6.58%
$20,000 to $24,999 637 2.59% 279 1.47% 358 6.41%
$25,000 to $29,999 523 2.13% 296 1.56% 227 4.06%
$30,000 to $34,999 903 3.67% 470 2.47% 433 7.75%
$35,000 to $39,999 830 3.38% 512 2.70% 318 5.69%
$40,000 to $44,999 1,140 4.64% 704 3.71% 436 7.80%
$45,000 to $49,999 779 3.17% 465 2.45% 314 5.62%
$50,000 to $59,999 1,183 4.81% 842 4.43% 341 6.10%
$60,000 to $74,999 2,774 11.29% 1,987 10.46% 787 14.08%
$75,000 to $99,999 3,118 12.68% 2,719 14.32% 399 7.14%
$100,000 to $124,999 2,958 12.03% 2,611 13.75% 347 6.21%
$125,000 to $149,999 2,279 9.27% 2,005 10.56% 274 4.90%
$150,000 to $199,999 2,617 10.65% 2,544 13.40% 73 1.31%
$200,000 or more 2,877 11.70% 2,712 14.28% 165 2.95%

Key findings:

  • For Family Households: In Wise County, the majority of family households, representing 14.32%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.93%, have incomes falling $150,000 to $199,999, representing a smaller but still significant segment of the community.
  • For Non-Family Households: In Wise County, the majority of non-family households, accounting for 14.08%, have income $60,000 to $74,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 1.31%, earn $150,000 to $199,999, representing a smaller, yet notable, portion of non-family households in the community.
  • For Total Households (Combining Family and Non-Family): When considering total households in Wise County, the majority, constituting 12.68%, earn $75,000 to $99,999, demonstrating that a significant portion of community households falls within this income bracket. Simultaneously, the minority of total households, representing 2.13%, have incomes $25,000 to $29,999, signifying a smaller segment of households in the community.

Things to know

What is the Gini index for Wise County, TX?

As per the Census Bureau, the Gini coefficient for Wise County is 0.4104. With this value of Gini coefficient, it is evident that income distribution in Wise County exihibits characterstics of moderate inequality .

This level of Gini coefficient suggests noticeable variations in income distribution across households, with certain segments of the population holding a larger share of income compared to others in Wise County.It also implies that efforts may be needed to enhance economic fairness and reduce the gap between income groups in Wise County

What is the median household income in Wise County, TX?

As per the latest data available from American Community Survey, the median household income for Wise County is $89,897 (in 2023 inflation-adjusted dollars). This income is 114.46% of the U.S. median household income of $78,538 (all incomes in 2023 inflation-adjusted dollars).

How does Wise County, TX median household income compare to the rest of the United States?

When compared to all of the counties in the state of Texas, Wise County is ranked 20th among the 254 counties for its median household income. This ranking suggests that Wise County is among the top-performing counties in Texas, in terms of median household income.

References

Notes

The analysis presented in this article is based on estimates derived from the U.S. Census Bureau American Community Survey. While these figures offer valuable insights, they are subject to a margin of error. It is advisable to exercise caution and consider the potential margin of error when interpreting and utilizing this data.

Datasets

Explore datasets by year of publication.
2025
Wise County, TX Median Household Income Trends (2010-2023, in 2023 inflation-adjusted dollars)
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset illustrates the median household income in Wise County, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Wise County increased by $12,334 (15.90%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 9 years and declined for 4 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

  • 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

  • Year: This column presents the data year from 2010 to 2023
  • Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
  • YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
  • YOY Change(%): Percent change in median household income between current and the previous year

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Wise County median household income. You can refer the same here

Median Household Income Variation by Family Size in Wise County, TX: Comparative analysis across 7 household sizes
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents median household incomes for various household sizes in Wise County, TX, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

  • Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Wise County. Across the different household sizes in Wise County the mean income is $105,589, and the standard deviation is $36,408. The coefficient of variation (CV) is 34.48%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
  • In the most recent year, 2023, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $41,781. It then further increased to $98,036 for 7-person households, the largest household size for which the bureau reported a median household income.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Household Sizes:

  • 1-person households
  • 2-person households
  • 3-person households
  • 4-person households
  • 5-person households
  • 6-person households
  • 7-or-more-person households

Variables / Data Columns

  • Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
  • Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Wise County median household income. You can refer the same here

Income Distribution by Quintile: Mean Household Income in Wise County, TX // 2025 Edition
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Wise County, TX, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

  • Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 23,446, while the mean income for the highest quintile (20% of households with the highest income) is 250,048. This indicates that the top earners earn 11 times compared to the lowest earners.
  • *Top 5%: * The mean household income for the wealthiest population (top 5%) is 383,691, which is 153.45% higher compared to the highest quintile, and 1636.49% higher compared to the lowest quintile.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

  • Lowest Quintile
  • Second Quintile
  • Third Quintile
  • Fourth Quintile
  • Highest Quintile
  • Top 5 Percent

Variables / Data Columns

  • Income Level: This column showcases the income levels (As mentioned above).
  • Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Wise County median household income. You can refer the same here

Wise County, TX households by income brackets: family, non-family, and total, in 2023 inflation-adjusted dollars
Last updated March 3, 2025
ACS
Free
Neilsberg
CSV, JSON
2019-2023
CC BY 4.0
About this dataset

Context

The dataset presents a breakdown of households across various income brackets in Wise County, TX, as reported by the U.S. Census Bureau. The Census Bureau classifies households into different categories, including total households, family households, and non-family households. Our analysis of U.S. Census Bureau American Community Survey data for Wise County, TX reveals how household income distribution varies among these categories. The dataset highlights the variation in number of households with income, offering valuable insights into the distribution of Wise County households based on income levels.

Key observations

  • For Family Households: In Wise County, the majority of family households, representing 14.32%, earn $75,000 to $99,999, showcasing a substantial share of the community families falling within this income bracket. Conversely, the minority of family households, comprising 0.93%, have incomes falling $150,000 to $199,999, representing a smaller but still significant segment of the community.
  • For Non-Family Households: In Wise County, the majority of non-family households, accounting for 14.08%, have income $60,000 to $74,999, indicating that a substantial portion of non-family households falls within this income bracket. On the other hand, the minority of non-family households, comprising 1.31%, earn $150,000 to $199,999, representing a smaller, yet notable, portion of non-family households in the community.
Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

  • Less than $10,000
  • $10,000 to $14,999
  • $15,000 to $19,999
  • $20,000 to $24,999
  • $25,000 to $29,999
  • $30,000 to $34,999
  • $35,000 to $39,999
  • $40,000 to $44,999
  • $45,000 to $49,999
  • $50,000 to $59,999
  • $60,000 to $74,999
  • $75,000 to $99,999
  • $125,000 to $149,999
  • $150,000 to $199,999
  • $200,000 or more

Variables / Data Columns

  • Income Level: The income level represents the income brackets ranging from Less than $10,000 to $200,000 or more in Wise County, TX (As mentioned above).
  • All Households: Count of households for the specified income level
  • % All Households: Percentage of households at the specified income level relative to the total households in Wise County, TX
  • Family Households: Count of family households for the specified income level
  • % Family Households: Percentage of family households at the specified income level relative to the total family households in Wise County, TX
  • Non-Family Households: Count of non-family households for the specified income level
  • % Non-Family Households: Percentage of non-family households at the specified income level relative to the total non-family households in Wise County, TX

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Wise County median household income. You can refer the same here

If you're looking for datasets from another year, please feel free to contact us at research@neilsberg.com and we'll be happy to assist you further.

Explore more

Median household income of places that contain Wise County (in 2023 dollars)
Median household income of nearby counties (in 2023 dollars)
Median household income of popular cities (in 2023 dollars)

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