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 | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,876 | $77,100 | $78,145 |
| Median Personal Income | $47,776 | $58,256 | $61,726 |
| Average income growth | 5.3% | 5.9% | 5.1% |
| Six-Figure Earners | 6.6% | 11.7% | 13.2% |
The median household income in Tucson is about 30% lower than in Arizona. Income has been growing slower in Tucson (5.3%/yr) than in Arizona (5.9%/yr).
About 7% of adults in Tucson 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 Tucson, Arizona grew by 43.9% from 2009 to 2023, reaching $53,876 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Tucson | Gender Pay Gap | Gini Coefficient
| Metric | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.571 | 0.570 |
| Male Median Income | $49,431 | $63,179 | $67,746 |
| Female Median Income | $45,968 | $52,803 | $54,793 |
| Gender Pay Gap | 7.0% | 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 Tucson, it is 0.568, 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 8% more than women's income in Tucson, Arizona. Over a 35-year career, a 8% wage gap accumulates to roughly $121,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Tucson, Arizona has narrowed from about 12% to 7% in 2023. In dollar terms, the gap has narrowed by $683 since 2009.
Employment
| Metric | Tucson | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 5.1% | 5.2% |
| Working from Home | 12.3% | 16.5% | 13.4% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 17,319 people are unemployed in Tucson, Arizona.
The average commute time in Tucson is 20 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tucson, Arizona has fallen from 10.0% to 6.4% in 2023.
Conclusion
Considering all these factors, Tucson, 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 Tucson, Arizona.
How Rich Is Tucson, Arizona?
Tucson 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 $53,876, about 30% lower than the Arizona average of $77,100.
What is the current median household income in Tucson, Arizona?
As of 2023, the median household income in Tucson, Arizona is $53,876.
What was the median household income in Tucson in 2023?
In 2023, the median household income in Tucson, Arizona was $53,876.
What was the median household income in Tucson in 2020?
In 2020, the median household income in Tucson, Arizona was $44,402.
What is the Gini coefficient in Tucson, Arizona?
The Gini coefficient in Tucson is 0.568. 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 Tucson, Arizona?
Since 2009, the income gap between men and women in Tucson, Arizona has narrowed from about 12% to 7% in 2023. In dollar terms, the gap has narrowed by $683 since 2009.