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 | Fortuna Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,248 | $77,100 | $78,145 |
| Median Personal Income | $56,857 | $58,256 | $61,726 |
| Average income growth | 2.1% | 5.9% | 5.1% |
| Six-Figure Earners | 7.7% | 11.7% | 13.2% |
The median household income in Fortuna Foothills is about 24% lower than in Arizona. Income has been growing slower in Fortuna Foothills (2.1%/yr) than in Arizona (5.9%/yr).
About 8% of adults in Fortuna Foothills 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 Fortuna Foothills, Arizona grew by 33.0% from 2009 to 2023, reaching $58,248 in 2023. That's an average of about 2.1% per year.
Economic Inequality in Fortuna Foothills | Gender Pay Gap | Gini Coefficient
| Metric | Fortuna Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.571 | 0.570 |
| Male Median Income | $64,878 | $63,179 | $67,746 |
| Female Median Income | $46,962 | $52,803 | $54,793 |
| Gender Pay Gap | 27.6% | 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 Fortuna Foothills, it is 0.526, 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 38% more than women's income in Fortuna Foothills, Arizona. Over a 35-year career, a 38% wage gap accumulates to roughly $627,060 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fortuna Foothills, Arizona has narrowed from about 32% to 28% in 2023. In dollar terms, the gap has widened by $3,325 since 2009.
Employment
| Metric | Fortuna Foothills | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.1% | 5.2% |
| Working from Home | 6.5% | 16.5% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 576 people are unemployed in Fortuna Foothills, Arizona.
The average commute time in Fortuna Foothills is 21 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fortuna Foothills, Arizona has risen from 5.8% to 6.9% in 2023.
Conclusion
Considering all these factors, Fortuna Foothills, 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 Fortuna Foothills, Arizona.
How Rich Is Fortuna Foothills, Arizona?
Fortuna Foothills 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 $58,248, about 24% lower than the Arizona average of $77,100.
What is the current median household income in Fortuna Foothills, Arizona?
As of 2023, the median household income in Fortuna Foothills, Arizona is $58,248.
What was the median household income in Fortuna Foothills in 2023?
In 2023, the median household income in Fortuna Foothills, Arizona was $58,248.
What was the median household income in Fortuna Foothills in 2020?
In 2020, the median household income in Fortuna Foothills, Arizona was $49,456.
What is the Gini coefficient in Fortuna Foothills, Arizona?
The Gini coefficient in Fortuna Foothills is 0.526. 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 Fortuna Foothills, Arizona?
Since 2009, the income gap between men and women in Fortuna Foothills, Arizona has narrowed from about 32% to 28% in 2023. In dollar terms, the gap has widened by $3,325 since 2009.