Wealth Index
Among the top 5 wealthiest counties in Arizona
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 | Cochise County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,925 | $77,100 | $78,145 |
| Median Personal Income | $54,410 | $58,256 | $61,726 |
| Average income growth | 3.8% | 5.9% | 5.1% |
| Six-Figure Earners | 8.7% | 11.7% | 13.2% |
The median household income in Cochise County is about 24% lower than in Arizona. Income has been growing slower in Cochise County (3.8%/yr) than in Arizona (5.9%/yr).
About 9% of adults in Cochise County 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 Cochise County, Arizona grew by 35.7% from 2009 to 2023, reaching $58,925 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Cochise County | Gender Pay Gap | Gini Coefficient
| Metric | Cochise County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.571 | 0.570 |
| Male Median Income | $60,368 | $63,179 | $67,746 |
| Female Median Income | $48,105 | $52,803 | $54,793 |
| Gender Pay Gap | 20.3% | 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 Cochise County, it is 0.572, about the same as Arizona's 0.571, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 25% more than women's income in Cochise County, Arizona. Over a 35-year career, a 25% wage gap accumulates to roughly $429,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cochise County, Arizona has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has narrowed by $595 since 2009.
Employment
| Metric | Cochise County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.7% | 5.1% | 5.2% |
| Working from Home | 10.7% | 16.5% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 3,391 people are unemployed in Cochise County, Arizona.
The average commute time in Cochise County is 16 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cochise County, Arizona has fallen from 8.0% to 6.7% in 2023.
Conclusion
Considering all these factors, Cochise County, 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 Cochise County, Arizona.
How Rich Is Cochise County, Arizona?
Cochise County 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 $58,925, about 24% lower than the Arizona average of $77,100.
What is the current median household income in Cochise County, Arizona?
As of 2023, the median household income in Cochise County, Arizona is $58,925.
What was the median household income in Cochise County in 2023?
In 2023, the median household income in Cochise County, Arizona was $58,925.
What was the median household income in Cochise County in 2020?
In 2020, the median household income in Cochise County, Arizona was $51,996.
What is the Gini coefficient in Cochise County, Arizona?
The Gini coefficient in Cochise County is 0.572. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Cochise County, Arizona?
Since 2009, the income gap between men and women in Cochise County, Arizona has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has narrowed by $595 since 2009.