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 | Catalina Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $113,182 | $77,100 | $78,145 |
| Median Personal Income | $96,039 | $58,256 | $61,726 |
| Average income growth | 5.2% | 5.9% | 5.1% |
| Six-Figure Earners | 27.1% | 11.7% | 13.2% |
The median household income in Catalina Foothills is about 47% higher than in Arizona. Income has been growing slower in Catalina Foothills (5.2%/yr) than in Arizona (5.9%/yr).
About 27% of adults in Catalina Foothills 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 Catalina Foothills, Arizona grew by 37.3% from 2009 to 2023, reaching $113,182 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Catalina Foothills | Gender Pay Gap | Gini Coefficient
| Metric | Catalina Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.571 | 0.570 |
| Male Median Income | $112,272 | $63,179 | $67,746 |
| Female Median Income | $76,863 | $52,803 | $54,793 |
| Gender Pay Gap | 31.5% | 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 Catalina Foothills, it is 0.543, 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 46% more than women's income in Catalina Foothills, Arizona. Over a 35-year career, a 46% wage gap accumulates to roughly $1,239,315 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Catalina Foothills, Arizona has narrowed from about 45% to 32% in 2023. In dollar terms, the gap has narrowed by $5,805 since 2009.
Employment
| Metric | Catalina Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 5.1% | 5.2% |
| Working from Home | 20.1% | 16.5% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 845 people are unemployed in Catalina Foothills, Arizona.
The average commute time in Catalina Foothills is 21 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Catalina Foothills, Arizona has fallen from 4.8% to 3.4% in 2023.
Conclusion
Considering all these factors, Catalina Foothills, Arizona has an overall wealth index grade of A, making it far better than Arizona, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Catalina Foothills, Arizona.
How Rich Is Catalina Foothills, Arizona?
Catalina Foothills has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $113,182, about 47% higher than the Arizona average of $77,100.
What is the current median household income in Catalina Foothills, Arizona?
As of 2023, the median household income in Catalina Foothills, Arizona is $113,182.
What was the median household income in Catalina Foothills in 2023?
In 2023, the median household income in Catalina Foothills, Arizona was $113,182.
What was the median household income in Catalina Foothills in 2020?
In 2020, the median household income in Catalina Foothills, Arizona was $96,597.
What is the Gini coefficient in Catalina Foothills, Arizona?
The Gini coefficient in Catalina Foothills is 0.543. 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 Catalina Foothills, Arizona?
Since 2009, the income gap between men and women in Catalina Foothills, Arizona has narrowed from about 45% to 32% in 2023. In dollar terms, the gap has narrowed by $5,805 since 2009.