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 | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,912 | $77,100 | $78,145 |
| Median Personal Income | $91,936 | $58,256 | $61,726 |
| Average income growth | 5.0% | 5.9% | 5.1% |
| Six-Figure Earners | 21.8% | 11.7% | 13.2% |
The median household income in Fountain Hills is about 37% higher than in Arizona. Income has been growing slower in Fountain Hills (5.0%/yr) than in Arizona (5.9%/yr).
About 22% of adults in Fountain Hills 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 Fountain Hills, Arizona grew by 33.1% from 2009 to 2023, reaching $105,912 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Fountain Hills | Gender Pay Gap | Gini Coefficient
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.571 | 0.570 |
| Male Median Income | $99,229 | $63,179 | $67,746 |
| Female Median Income | $75,369 | $52,803 | $54,793 |
| Gender Pay Gap | 24.0% | 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 Fountain Hills, it is 0.518, 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 32% more than women's income in Fountain Hills, Arizona. Over a 35-year career, a 32% wage gap accumulates to roughly $835,100 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fountain Hills, Arizona has narrowed from about 41% to 24% in 2023. In dollar terms, the gap has narrowed by $10,088 since 2009.
Employment
| Metric | Fountain Hills | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.1% | 5.2% |
| Working from Home | 28.0% | 16.5% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 538 people are unemployed in Fountain Hills, Arizona.
The average commute time in Fountain Hills is 25 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fountain Hills, Arizona has fallen from 6.8% to 4.9% in 2023.
Conclusion
Considering all these factors, Fountain Hills, Arizona has an overall wealth index grade of A, making it notably better than Arizona, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fountain Hills, Arizona.
How Rich Is Fountain Hills, Arizona?
Fountain Hills 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 $105,912, about 37% higher than the Arizona average of $77,100.
What is the current median household income in Fountain Hills, Arizona?
As of 2023, the median household income in Fountain Hills, Arizona is $105,912.
What was the median household income in Fountain Hills in 2023?
In 2023, the median household income in Fountain Hills, Arizona was $105,912.
What was the median household income in Fountain Hills in 2020?
In 2020, the median household income in Fountain Hills, Arizona was $86,071.
What is the Gini coefficient in Fountain Hills, Arizona?
The Gini coefficient in Fountain Hills is 0.518. 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 Fountain Hills, Arizona?
Since 2009, the income gap between men and women in Fountain Hills, Arizona has narrowed from about 41% to 24% in 2023. In dollar terms, the gap has narrowed by $10,088 since 2009.