Wealth Index
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.
Income Statistics Overview
| Metric | Apache Junction | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,554 | $77,100 | $78,145 |
| Median Personal Income | $57,271 | $58,256 | $61,726 |
| Average income growth | 6.9% | 5.9% | 5.1% |
| Six-Figure Earners | 7.8% | 11.7% | 13.2% |
The median household income in Apache Junction is about 18% lower than in Arizona. Income has been growing faster in Apache Junction (6.9%/yr) than in Arizona (5.9%/yr).
About 8% of adults in Apache Junction earn six figures ($100,000 or more) a year, lower than the Arizona average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Apache Junction, Arizona grew by 54.9% from 2009 to 2023, reaching $63,554 in 2023. That's an average of about 6.9% per year.
Economic Inequality in Apache Junction | Gender Pay Gap | Gini Coefficient
| Metric | Apache Junction | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.514 | 0.571 | 0.570 |
| Male Median Income | $60,252 | $63,179 | $67,746 |
| Female Median Income | $51,748 | $52,803 | $54,793 |
| Gender Pay Gap | 14.1% | 16.4% | 19.1% |
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 Apache Junction, it is 0.514, lower than Arizona's 0.571, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Apache Junction, Arizona. Over a 35-year career, a 16% wage gap accumulates to roughly $297,640 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Apache Junction, Arizona has narrowed from about 23% to 14% in 2023. In dollar terms, the gap has narrowed by $1,141 since 2009.
Employment
| Metric | Apache Junction | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 5.1% | 5.2% |
| Working from Home | 13.4% | 16.5% | 13.4% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 1,273 people are unemployed in Apache Junction, Arizona.
The average commute time in Apache Junction is 27 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Apache Junction, Arizona has fallen from 12.0% to 6.5% in 2023.
Conclusion
Considering all these factors, Apache Junction, Arizona has an overall wealth index grade of D, making it about on par with Arizona, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Apache Junction, Arizona.
How Wealthy Is Apache Junction, Arizona?
Apache Junction 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 $63,554, about 18% lower than the Arizona average of $77,100.
What is the current median household income in Apache Junction, Arizona?
As of 2023, the median household income in Apache Junction, Arizona is $63,554.
What was the median household income in Apache Junction in 2023?
In 2023, the median household income in Apache Junction, Arizona was $63,554.
What was the median household income in Apache Junction in 2020?
In 2020, the median household income in Apache Junction, Arizona was $50,528.
What is the Gini coefficient in Apache Junction, Arizona?
The Gini coefficient in Apache Junction is 0.514. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Apache Junction, Arizona?
Since 2009, the income gap between men and women in Apache Junction, Arizona has narrowed from about 23% to 14% in 2023. In dollar terms, the gap has narrowed by $1,141 since 2009.