Wealth Index
Among the top 3 wealthiest 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 | Pima County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,046 | $77,100 | $78,145 |
| Median Personal Income | $54,727 | $58,256 | $61,726 |
| Average income growth | 5.5% | 5.9% | 5.1% |
| Six-Figure Earners | 10.5% | 11.7% | 13.2% |
The median household income in Pima County is about 12% lower than in Arizona. Income has been growing slower in Pima County (5.5%/yr) than in Arizona (5.9%/yr).
About 11% of adults in Pima 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 Pima County, Arizona grew by 48.3% from 2009 to 2023, reaching $68,046 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Pima County | Gender Pay Gap | Gini Coefficient
| Metric | Pima County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.571 | 0.570 |
| Male Median Income | $59,847 | $63,179 | $67,746 |
| Female Median Income | $49,924 | $52,803 | $54,793 |
| Gender Pay Gap | 16.6% | 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 Pima County, it is 0.572, about the same as Arizona's 0.571, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 20% more than women's income in Pima County, Arizona. Over a 35-year career, a 20% wage gap accumulates to roughly $347,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pima County, Arizona has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $1,447 since 2009.
Employment
| Metric | Pima County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 5.1% | 5.2% |
| Working from Home | 13.8% | 16.5% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 28,264 people are unemployed in Pima County, Arizona.
The average commute time in Pima County is 22 minutes, about the same as in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pima County, Arizona has fallen from 9.1% to 5.6% in 2023.
Conclusion
Considering all these factors, Pima County, Arizona has an overall wealth index grade of C, making it about on par with Arizona, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pima County, Arizona.
How Rich Is Pima County, Arizona?
Pima County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $68,046, about 12% lower than the Arizona average of $77,100.
What is the current median household income in Pima County, Arizona?
As of 2023, the median household income in Pima County, Arizona is $68,046.
What was the median household income in Pima County in 2023?
In 2023, the median household income in Pima County, Arizona was $68,046.
What was the median household income in Pima County in 2020?
In 2020, the median household income in Pima County, Arizona was $55,520.
What is the Gini coefficient in Pima County, Arizona?
The Gini coefficient in Pima County is 0.572. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Pima County, Arizona?
Since 2009, the income gap between men and women in Pima County, Arizona has narrowed from about 20% to 17% in 2023. In dollar terms, the gap has widened by $1,447 since 2009.