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 | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $109,809 | $77,100 | $78,145 |
| Median Personal Income | $85,657 | $58,256 | $61,726 |
| Average income growth | 4.8% | 5.9% | 5.1% |
| Six-Figure Earners | 21.4% | 11.7% | 13.2% |
The median household income in Oro Valley is about 42% higher than in Arizona. Income has been growing slower in Oro Valley (4.8%/yr) than in Arizona (5.9%/yr).
About 21% of adults in Oro Valley 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 Oro Valley, Arizona grew by 42.9% from 2009 to 2023, reaching $109,809 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Oro Valley | Gender Pay Gap | Gini Coefficient
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.559 | 0.571 | 0.570 |
| Male Median Income | $98,776 | $63,179 | $67,746 |
| Female Median Income | $72,387 | $52,803 | $54,793 |
| Gender Pay Gap | 26.7% | 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 Oro Valley, it is 0.559, 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 36% more than women's income in Oro Valley, Arizona. Over a 35-year career, a 36% wage gap accumulates to roughly $923,615 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Oro Valley, Arizona has narrowed from about 41% to 27% in 2023. In dollar terms, the gap has narrowed by $3,975 since 2009.
Employment
| Metric | Oro Valley | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 5.1% | 5.2% |
| Working from Home | 20.8% | 16.5% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 453 people are unemployed in Oro Valley, Arizona.
The average commute time in Oro Valley is 23 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Oro Valley, Arizona has fallen from 7.7% to 2.9% in 2023.
Conclusion
Considering all these factors, Oro Valley, Arizona has an overall wealth index grade of B, making it notably better than Arizona, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Oro Valley, Arizona.
How Wealthy Is Oro Valley, Arizona?
Oro Valley has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $109,809, about 42% higher than the Arizona average of $77,100.
What is the current median household income in Oro Valley, Arizona?
As of 2023, the median household income in Oro Valley, Arizona is $109,809.
What was the median household income in Oro Valley in 2023?
In 2023, the median household income in Oro Valley, Arizona was $109,809.
What was the median household income in Oro Valley in 2020?
In 2020, the median household income in Oro Valley, Arizona was $90,172.
What is the Gini coefficient in Oro Valley, Arizona?
The Gini coefficient in Oro Valley is 0.559. 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 Oro Valley, Arizona?
Since 2009, the income gap between men and women in Oro Valley, Arizona has narrowed from about 41% to 27% in 2023. In dollar terms, the gap has narrowed by $3,975 since 2009.