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 | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,787 | $77,100 | $78,145 |
| Median Personal Income | $64,118 | $58,256 | $61,726 |
| Average income growth | 5.0% | 5.9% | 5.1% |
| Six-Figure Earners | 13.0% | 11.7% | 13.2% |
The median household income in Casas Adobes is about 2% higher than in Arizona. Income has been growing slower in Casas Adobes (5.0%/yr) than in Arizona (5.9%/yr).
About 13% of adults in Casas Adobes earn six figures ($100,000 or more) a year, higher than the Arizona average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Casas Adobes, Arizona grew by 37.9% from 2009 to 2023, reaching $78,787 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Casas Adobes | Gender Pay Gap | Gini Coefficient
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.571 | 0.570 |
| Male Median Income | $71,843 | $63,179 | $67,746 |
| Female Median Income | $57,114 | $52,803 | $54,793 |
| Gender Pay Gap | 20.5% | 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 Casas Adobes, it is 0.522, 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 26% more than women's income in Casas Adobes, Arizona. Over a 35-year career, a 26% wage gap accumulates to roughly $515,515 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Casas Adobes, Arizona has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $4,912 since 2009.
Employment
| Metric | Casas Adobes | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.1% | 5.2% |
| Working from Home | 14.3% | 16.5% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,508 people are unemployed in Casas Adobes, Arizona.
The average commute time in Casas Adobes is 22 minutes, about the same as in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Casas Adobes, Arizona has fallen from 6.9% to 4.2% in 2023.
Conclusion
Considering all these factors, Casas Adobes, Arizona has an overall wealth index grade of B, making it somewhat better than Arizona, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Casas Adobes, Arizona.
How Rich Is Casas Adobes, Arizona?
Casas Adobes has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $78,787, about 2% higher than the Arizona average of $77,100.
What is the current median household income in Casas Adobes, Arizona?
As of 2023, the median household income in Casas Adobes, Arizona is $78,787.
What was the median household income in Casas Adobes in 2023?
In 2023, the median household income in Casas Adobes, Arizona was $78,787.
What was the median household income in Casas Adobes in 2020?
In 2020, the median household income in Casas Adobes, Arizona was $65,913.
What is the Gini coefficient in Casas Adobes, Arizona?
The Gini coefficient in Casas Adobes is 0.522. 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 Casas Adobes, Arizona?
Since 2009, the income gap between men and women in Casas Adobes, Arizona has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $4,912 since 2009.