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 | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,687 | $77,100 | $78,145 |
| Median Personal Income | $54,166 | $58,256 | $61,726 |
| Average income growth | 5.3% | 5.9% | 5.1% |
| Six-Figure Earners | 9.6% | 11.7% | 13.2% |
The median household income in Yavapai County is about 14% lower than in Arizona. Income has been growing slower in Yavapai County (5.3%/yr) than in Arizona (5.9%/yr).
About 10% of adults in Yavapai 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 Yavapai County, Arizona grew by 51.5% from 2009 to 2023, reaching $66,687 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Yavapai County | Gender Pay Gap | Gini Coefficient
| Metric | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.571 | 0.570 |
| Male Median Income | $58,796 | $63,179 | $67,746 |
| Female Median Income | $50,357 | $52,803 | $54,793 |
| Gender Pay Gap | 14.4% | 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 Yavapai County, it is 0.534, 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 17% more than women's income in Yavapai County, Arizona. Over a 35-year career, a 17% wage gap accumulates to roughly $295,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Yavapai County, Arizona has narrowed from about 20% to 14% in 2023. In dollar terms, the gap has widened by $506 since 2009.
Employment
| Metric | Yavapai County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 5.1% | 5.2% |
| Working from Home | 12.5% | 16.5% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 4,252 people are unemployed in Yavapai County, Arizona.
The average commute time in Yavapai County is 18 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Yavapai County, Arizona has fallen from 8.8% to 4.2% in 2023.
Conclusion
Considering all these factors, Yavapai 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 Yavapai County, Arizona.
How Rich Is Yavapai County, Arizona?
Yavapai 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 $66,687, about 14% lower than the Arizona average of $77,100.
What is the current median household income in Yavapai County, Arizona?
As of 2023, the median household income in Yavapai County, Arizona is $66,687.
What was the median household income in Yavapai County in 2023?
In 2023, the median household income in Yavapai County, Arizona was $66,687.
What was the median household income in Yavapai County in 2020?
In 2020, the median household income in Yavapai County, Arizona was $53,510.
What is the Gini coefficient in Yavapai County, Arizona?
The Gini coefficient in Yavapai County is 0.534. 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 Yavapai County, Arizona?
Since 2009, the income gap between men and women in Yavapai County, Arizona has narrowed from about 20% to 14% in 2023. In dollar terms, the gap has widened by $506 since 2009.