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 | San Tan Valley | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,493 | $77,100 | $78,145 |
| Median Personal Income | $58,545 | $58,256 | $61,726 |
| Average income growth | 6.5% | 5.9% | 5.1% |
| Six-Figure Earners | 10.5% | 11.7% | 13.2% |
The median household income in San Tan Valley is about 24% higher than in Arizona. Income has been growing faster in San Tan Valley (6.5%/yr) than in Arizona (5.9%/yr).
About 10% of adults in San Tan Valley 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 San Tan Valley, Arizona grew by 51.6% from 2009 to 2023, reaching $95,493 in 2023. That's an average of about 6.5% per year.
Economic Inequality in San Tan Valley | Gender Pay Gap | Gini Coefficient
| Metric | San Tan Valley | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.571 | 0.570 |
| Male Median Income | $67,357 | $63,179 | $67,746 |
| Female Median Income | $50,940 | $52,803 | $54,793 |
| Gender Pay Gap | 24.4% | 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 San Tan Valley, it is 0.552, 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 San Tan Valley, Arizona. Over a 35-year career, a 32% wage gap accumulates to roughly $574,595 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in San Tan Valley, Arizona has widened from about 23% to 24% in 2023. In dollar terms, the gap has widened by $5,214 since 2009.
Employment
| Metric | San Tan Valley | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.1% | 5.2% |
| Working from Home | 16.7% | 16.5% | 13.4% |
| Commute time (minutes) | 37 | 22 | 22 |
Approximately 2,054 people are unemployed in San Tan Valley, Arizona.
The average commute time in San Tan Valley is 37 minutes, longer than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in San Tan Valley, Arizona has fallen from 9.6% to 4.2% in 2023.
Conclusion
Considering all these factors, San Tan Valley, Arizona has an overall wealth index grade of B, making it somewhat better than Arizona, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in San Tan Valley, Arizona.
How Rich Is San Tan Valley, Arizona?
San Tan 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 $95,493, about 24% higher than the Arizona average of $77,100.
What is the current median household income in San Tan Valley, Arizona?
As of 2023, the median household income in San Tan Valley, Arizona is $95,493.
What was the median household income in San Tan Valley in 2023?
In 2023, the median household income in San Tan Valley, Arizona was $95,493.
What was the median household income in San Tan Valley in 2020?
In 2020, the median household income in San Tan Valley, Arizona was $75,545.
What is the Gini coefficient in San Tan Valley, Arizona?
The Gini coefficient in San Tan Valley is 0.552. 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 San Tan Valley, Arizona?
Since 2009, the income gap between men and women in San Tan Valley, Arizona has widened from about 23% to 24% in 2023. In dollar terms, the gap has widened by $5,214 since 2009.