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 | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,727 | $77,100 | $78,145 |
| Median Personal Income | $55,331 | $58,256 | $61,726 |
| Average income growth | 4.6% | 5.9% | 5.1% |
| Six-Figure Earners | 9.2% | 11.7% | 13.2% |
The median household income in Coconino County is about 10% lower than in Arizona. Income has been growing slower in Coconino County (4.6%/yr) than in Arizona (5.9%/yr).
About 9% of adults in Coconino 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 Coconino County, Arizona grew by 44.7% from 2009 to 2023, reaching $69,727 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Coconino County | Gender Pay Gap | Gini Coefficient
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.599 | 0.571 | 0.570 |
| Male Median Income | $58,748 | $63,179 | $67,746 |
| Female Median Income | $52,313 | $52,803 | $54,793 |
| Gender Pay Gap | 11.0% | 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 Coconino County, it is 0.599, higher than Arizona's 0.571, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 12% more than women's income in Coconino County, Arizona. Over a 35-year career, a 12% wage gap accumulates to roughly $225,225 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coconino County, Arizona has narrowed from about 25% to 11% in 2023. In dollar terms, the gap has narrowed by $4,076 since 2009.
Employment
| Metric | Coconino County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 5.1% | 5.2% |
| Working from Home | 11.6% | 16.5% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 4,867 people are unemployed in Coconino County, Arizona.
The average commute time in Coconino County is 15 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coconino County, Arizona has fallen from 7.9% to 6.6% in 2023.
Conclusion
Considering all these factors, Coconino 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 Coconino County, Arizona.
How Rich Is Coconino County, Arizona?
Coconino 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 $69,727, about 10% lower than the Arizona average of $77,100.
What is the current median household income in Coconino County, Arizona?
As of 2023, the median household income in Coconino County, Arizona is $69,727.
What was the median household income in Coconino County in 2023?
In 2023, the median household income in Coconino County, Arizona was $69,727.
What was the median household income in Coconino County in 2020?
In 2020, the median household income in Coconino County, Arizona was $58,996.
What is the Gini coefficient in Coconino County, Arizona?
The Gini coefficient in Coconino County is 0.599. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Coconino County, Arizona?
Since 2009, the income gap between men and women in Coconino County, Arizona has narrowed from about 25% to 11% in 2023. In dollar terms, the gap has narrowed by $4,076 since 2009.