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 | Casa Grande | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,229 | $77,100 | $78,145 |
| Median Personal Income | $50,614 | $58,256 | $61,726 |
| Average income growth | 4.6% | 5.9% | 5.1% |
| Six-Figure Earners | 6.3% | 11.7% | 13.2% |
The median household income in Casa Grande is about 14% lower than in Arizona. Income has been growing slower in Casa Grande (4.6%/yr) than in Arizona (5.9%/yr).
About 6% of adults in Casa Grande 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 Casa Grande, Arizona grew by 52.9% from 2009 to 2023, reaching $66,229 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Casa Grande | Gender Pay Gap | Gini Coefficient
| Metric | Casa Grande | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.571 | 0.570 |
| Male Median Income | $54,907 | $63,179 | $67,746 |
| Female Median Income | $45,180 | $52,803 | $54,793 |
| Gender Pay Gap | 17.7% | 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 Casa Grande, it is 0.542, 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 22% more than women's income in Casa Grande, Arizona. Over a 35-year career, a 22% wage gap accumulates to roughly $340,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Casa Grande, Arizona has narrowed from about 22% to 18% in 2023. In dollar terms, the gap has widened by $1,002 since 2009.
Employment
| Metric | Casa Grande | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 5.1% | 5.2% |
| Working from Home | 9.5% | 16.5% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,628 people are unemployed in Casa Grande, Arizona.
The average commute time in Casa Grande is 17 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Casa Grande, Arizona has fallen from 11.2% to 6.6% in 2023.
Conclusion
Considering all these factors, Casa Grande, 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 Casa Grande, Arizona.
How Rich Is Casa Grande, Arizona?
Casa Grande 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 $66,229, about 14% lower than the Arizona average of $77,100.
What is the current median household income in Casa Grande, Arizona?
As of 2023, the median household income in Casa Grande, Arizona is $66,229.
What was the median household income in Casa Grande in 2023?
In 2023, the median household income in Casa Grande, Arizona was $66,229.
What was the median household income in Casa Grande in 2020?
In 2020, the median household income in Casa Grande, Arizona was $55,074.
What is the Gini coefficient in Casa Grande, Arizona?
The Gini coefficient in Casa Grande is 0.542. 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 Casa Grande, Arizona?
Since 2009, the income gap between men and women in Casa Grande, Arizona has narrowed from about 22% to 18% in 2023. In dollar terms, the gap has widened by $1,002 since 2009.