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 | Mohave County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $55,972 | $77,100 | $78,145 |
| Median Personal Income | $50,540 | $58,256 | $61,726 |
| Average income growth | 5.0% | 5.9% | 5.1% |
| Six-Figure Earners | 6.9% | 11.7% | 13.2% |
The median household income in Mohave County is about 27% lower than in Arizona. Income has been growing slower in Mohave County (5.0%/yr) than in Arizona (5.9%/yr).
About 7% of adults in Mohave 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 Mohave County, Arizona grew by 39.4% from 2009 to 2023, reaching $55,972 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Mohave County | Gender Pay Gap | Gini Coefficient
| Metric | Mohave County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.571 | 0.570 |
| Male Median Income | $53,677 | $63,179 | $67,746 |
| Female Median Income | $46,729 | $52,803 | $54,793 |
| Gender Pay Gap | 12.9% | 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 Mohave County, it is 0.533, 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 15% more than women's income in Mohave County, Arizona. Over a 35-year career, a 15% wage gap accumulates to roughly $243,180 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mohave County, Arizona has narrowed from about 20% to 13% in 2023. In dollar terms, the gap has narrowed by $621 since 2009.
Employment
| Metric | Mohave County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 5.1% | 5.2% |
| Working from Home | 8.0% | 16.5% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 5,662 people are unemployed in Mohave County, Arizona.
The average commute time in Mohave County is 15 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mohave County, Arizona has fallen from 12.1% to 6.9% in 2023.
Conclusion
Considering all these factors, Mohave 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 Mohave County, Arizona.
How Rich Is Mohave County, Arizona?
Mohave 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 $55,972, about 27% lower than the Arizona average of $77,100.
What is the current median household income in Mohave County, Arizona?
As of 2023, the median household income in Mohave County, Arizona is $55,972.
What was the median household income in Mohave County in 2023?
In 2023, the median household income in Mohave County, Arizona was $55,972.
What was the median household income in Mohave County in 2020?
In 2020, the median household income in Mohave County, Arizona was $47,766.
What is the Gini coefficient in Mohave County, Arizona?
The Gini coefficient in Mohave County is 0.533. 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 Mohave County, Arizona?
Since 2009, the income gap between men and women in Mohave County, Arizona has narrowed from about 20% to 13% in 2023. In dollar terms, the gap has narrowed by $621 since 2009.