Wealth Index
Among the 5 least wealthy 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 | Graham County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,079 | $77,100 | $78,145 |
| Median Personal Income | $54,103 | $58,256 | $61,726 |
| Average income growth | 5.0% | 5.9% | 5.1% |
| Six-Figure Earners | 6.3% | 11.7% | 13.2% |
The median household income in Graham County is about 14% lower than in Arizona. Income has been growing slower in Graham County (5.0%/yr) than in Arizona (5.9%/yr).
About 6% of adults in Graham 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 Graham County, Arizona grew by 60.4% from 2009 to 2023, reaching $66,079 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Graham County | Gender Pay Gap | Gini Coefficient
| Metric | Graham County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.618 | 0.571 | 0.570 |
| Male Median Income | $61,160 | $63,179 | $67,746 |
| Female Median Income | $43,596 | $52,803 | $54,793 |
| Gender Pay Gap | 28.7% | 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 Graham County, it is 0.618, 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 40% more than women's income in Graham County, Arizona. Over a 35-year career, a 40% wage gap accumulates to roughly $614,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Graham County, Arizona has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has widened by $1,814 since 2009.
Employment
| Metric | Graham County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 5.1% | 5.2% |
| Working from Home | 4.6% | 16.5% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 955 people are unemployed in Graham County, Arizona.
The average commute time in Graham County is 16 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Graham County, Arizona has fallen from 10.1% to 6.3% in 2023.
Conclusion
Considering all these factors, Graham County, 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 Graham County, Arizona.
How Rich Is Graham County, Arizona?
Graham 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 $66,079, about 14% lower than the Arizona average of $77,100.
What is the current median household income in Graham County, Arizona?
As of 2023, the median household income in Graham County, Arizona is $66,079.
What was the median household income in Graham County in 2023?
In 2023, the median household income in Graham County, Arizona was $66,079.
What was the median household income in Graham County in 2020?
In 2020, the median household income in Graham County, Arizona was $55,161.
What is the Gini coefficient in Graham County, Arizona?
The Gini coefficient in Graham County is 0.618. 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 Graham County, Arizona?
Since 2009, the income gap between men and women in Graham County, Arizona has narrowed from about 37% to 29% in 2023. In dollar terms, the gap has widened by $1,814 since 2009.