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 | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,033 | $77,100 | $78,145 |
| Median Personal Income | $52,646 | $58,256 | $61,726 |
| Average income growth | 4.0% | 5.9% | 5.1% |
| Six-Figure Earners | 9.0% | 11.7% | 13.2% |
The median household income in Flagstaff is about 13% lower than in Arizona. Income has been growing slower in Flagstaff (4.0%/yr) than in Arizona (5.9%/yr).
About 9% of adults in Flagstaff 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 Flagstaff, Arizona grew by 43.0% from 2009 to 2023, reaching $67,033 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Flagstaff | Gender Pay Gap | Gini Coefficient
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.623 | 0.571 | 0.570 |
| Male Median Income | $54,093 | $63,179 | $67,746 |
| Female Median Income | $51,529 | $52,803 | $54,793 |
| Gender Pay Gap | 4.7% | 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 Flagstaff, it is 0.623, 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 5% more than women's income in Flagstaff, Arizona. Over a 35-year career, a 5% wage gap accumulates to roughly $89,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Flagstaff, Arizona has narrowed from about 26% to 5% in 2023. In dollar terms, the gap has narrowed by $8,830 since 2009.
Employment
| Metric | Flagstaff | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 5.1% | 5.2% |
| Working from Home | 11.8% | 16.5% | 13.4% |
| Commute time (minutes) | 13 | 22 | 22 |
Approximately 2,546 people are unemployed in Flagstaff, Arizona.
The average commute time in Flagstaff is 13 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Flagstaff, Arizona has fallen from 7.3% to 6.4% in 2023.
Conclusion
Considering all these factors, Flagstaff, Arizona has an overall wealth index grade of D, making it somewhat worse than Arizona, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Flagstaff, Arizona.
How Rich Is Flagstaff, Arizona?
Flagstaff 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 $67,033, about 13% lower than the Arizona average of $77,100.
What is the current median household income in Flagstaff, Arizona?
As of 2023, the median household income in Flagstaff, Arizona is $67,033.
What was the median household income in Flagstaff in 2023?
In 2023, the median household income in Flagstaff, Arizona was $67,033.
What was the median household income in Flagstaff in 2020?
In 2020, the median household income in Flagstaff, Arizona was $58,751.
What is the Gini coefficient in Flagstaff, Arizona?
The Gini coefficient in Flagstaff is 0.623. 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 Flagstaff, Arizona?
Since 2009, the income gap between men and women in Flagstaff, Arizona has narrowed from about 26% to 5% in 2023. In dollar terms, the gap has narrowed by $8,830 since 2009.