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 | Bullhead City | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,045 | $77,100 | $78,145 |
| Median Personal Income | $46,720 | $58,256 | $61,726 |
| Average income growth | 3.6% | 5.9% | 5.1% |
| Six-Figure Earners | 5.0% | 11.7% | 13.2% |
The median household income in Bullhead City is about 39% lower than in Arizona. Income has been growing slower in Bullhead City (3.6%/yr) than in Arizona (5.9%/yr).
About 5% of adults in Bullhead City 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 Bullhead City, Arizona grew by 26.4% from 2009 to 2023, reaching $47,045 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Bullhead City | Gender Pay Gap | Gini Coefficient
| Metric | Bullhead City | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.571 | 0.570 |
| Male Median Income | $48,801 | $63,179 | $67,746 |
| Female Median Income | $43,101 | $52,803 | $54,793 |
| Gender Pay Gap | 11.7% | 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 Bullhead City, it is 0.516, 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 13% more than women's income in Bullhead City, Arizona. Over a 35-year career, a 13% wage gap accumulates to roughly $199,500 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bullhead City, Arizona has narrowed from about 23% to 12% in 2023. In dollar terms, the gap has narrowed by $2,070 since 2009.
Employment
| Metric | Bullhead City | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.2% | 5.1% | 5.2% |
| Working from Home | 7.0% | 16.5% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,729 people are unemployed in Bullhead City, Arizona.
The average commute time in Bullhead City is 17 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bullhead City, Arizona has fallen from 13.0% to 11.2% in 2023.
Conclusion
Considering all these factors, Bullhead City, Arizona has an overall wealth index grade of D, making it somewhat worse than Arizona, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bullhead City, Arizona.
How Rich Is Bullhead City, Arizona?
Bullhead City 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 $47,045, about 39% lower than the Arizona average of $77,100.
What is the current median household income in Bullhead City, Arizona?
As of 2023, the median household income in Bullhead City, Arizona is $47,045.
What was the median household income in Bullhead City in 2023?
In 2023, the median household income in Bullhead City, Arizona was $47,045.
What was the median household income in Bullhead City in 2020?
In 2020, the median household income in Bullhead City, Arizona was $42,639.
What is the Gini coefficient in Bullhead City, Arizona?
The Gini coefficient in Bullhead City is 0.516. 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 Bullhead City, Arizona?
Since 2009, the income gap between men and women in Bullhead City, Arizona has narrowed from about 23% to 12% in 2023. In dollar terms, the gap has narrowed by $2,070 since 2009.