Wood County, Texas
Income Data
U.S. Census Bureau ACSAt a Glance
Economic Indicators
How Wood County Compares
Detailed Income Statistics
Income Advisory: Wood County
Income Verdict
Wood County has a median household income of $62,524 and per capita income of $35,322 — a gap of $27,202, suggesting a higher share of single-earner or non-family households.
Housing Affordability
With median gross rent at $851/month and a median household income of $62,524, rent consumes approximately 16.3% of monthly income — well within affordable thresholds.
Economic Context
With a median household income of $62,524, residents of Wood County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $35,322 is in line with national norms for individual earners.
Neighbor Context
Wood County earns approximately 3.4% below the Texas state median household income of $64,737.
Data Story
About Household Income in Wood County, Texas
Wood County Income Trails National Average
Wood County's median household income of $62,524 falls about 16% below the U.S. median of $74,755, placing it below the national standard. This gap suggests Wood County households have less purchasing power than the typical American family.
Below Texas State Average
At $62,524, Wood County earns slightly below Texas's state median of $64,737, indicating a county economy that's performing close to—but not ahead of—statewide norms. The modest shortfall reflects regional economic challenges that affect household earning potential.
Wood County Middle-Income Tier
Wood County's $62,524 median income sits between Yoakum County's $82,261 at the high end and Zapata County's $36,527 at the low end. This positions Wood as a middle-income county within its broader regional context.
Housing Costs Remain Fair
Wood County's 16.3% rent-to-income ratio keeps housing affordable, with families spending just over one-sixth of earnings on rent—below the 30% threshold. At a median home value of $195,100, homeownership remains accessible for many local households.
Strategic Savings Build Security
With median incomes near $62,500, Wood County households have room to save by budgeting carefully around current income levels. Even modest monthly contributions to emergency funds or retirement accounts can compound into meaningful wealth over time.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Wood County median
County median: $62,524 per year
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vs. State Average
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vs. National Median
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Income Adequacy
Your monthly income ($5,210) vs. median rent ($851/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.