Index of Economic Health
View Indicators and Index for:
| Kansas or Kansas Counties | Other states | |
Trego County, KS
Each indicator and the index are designed such that high values indicate economic vitality.
Indicator 1: Per Capita Market Income Index | Market Income (MI) is defined as total income minus transfers. This indicator compares a state or county's per capita market income to that of the U.S. as a whole. View Map | |||||||||||||||
Indicator 2: Unemployment Rate Index | This indicator compares a state or county’s unemployment rate to that of the nation. A state/county with a lower rate of unemployment than the U.S. average will have a high score. View Map | |||||||||||||||
Indicator 3: Labor Force-to-Total Population Ratio Index | This indicator is meant to measure the share of the population that depends on the labor of others. Again this indicator is normalized using the U.S. labor force-to-total population ratio. View Map | |||||||||||||||
Indicator 4: Transfers-to-Market Income Ratio Index | Indicator 4 measures the extent to which the population depends on external sources of unearned income (e.g., transfer payments) and is normalized using the national ratio. View Map | |||||||||||||||
Indicator 5: Population Change | Indicator 5 is meant to measure an area's population growth or decline as compared to areas of similiar population density. This indicator is bottom coded to zero to prevent negative values. View Map | |||||||||||||||
Overall Economic Health Index |
The overall Economic Health Index is the average of the four indicators and has the following implications for an area:
View Map |
