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 | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,504 | $77,100 | $78,145 |
| Median Personal Income | $46,276 | $58,256 | $61,726 |
| Average income growth | 5.5% | 5.9% | 5.1% |
| Six-Figure Earners | 5.8% | 11.7% | 13.2% |
The median household income in Yuma County is about 22% lower than in Arizona. Income has been growing slower in Yuma County (5.5%/yr) than in Arizona (5.9%/yr).
About 6% of adults in Yuma 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 Yuma County, Arizona grew by 55.5% from 2009 to 2023, reaching $60,504 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Yuma County | Gender Pay Gap | Gini Coefficient
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.573 | 0.571 | 0.570 |
| Male Median Income | $49,490 | $63,179 | $67,746 |
| Female Median Income | $42,137 | $52,803 | $54,793 |
| Gender Pay Gap | 14.9% | 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 Yuma County, it is 0.573, 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 17% more than women's income in Yuma County, Arizona. Over a 35-year career, a 17% wage gap accumulates to roughly $257,355 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Yuma County, Arizona has narrowed from about 20% to 15% in 2023. In dollar terms, the gap has narrowed by $54 since 2009.
Employment
| Metric | Yuma County | Arizona Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.7% | 5.1% | 5.2% |
| Working from Home | 6.7% | 16.5% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 6,700 people are unemployed in Yuma County, Arizona.
The average commute time in Yuma County is 18 minutes, shorter than the 22 minutes in Arizona.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Yuma County, Arizona has fallen from 11.2% to 7.7% in 2023.
Conclusion
Considering all these factors, Yuma County, 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 Yuma County, Arizona.
How Rich Is Yuma County, Arizona?
Yuma County 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 $60,504, about 22% lower than the Arizona average of $77,100.
What is the current median household income in Yuma County, Arizona?
As of 2023, the median household income in Yuma County, Arizona is $60,504.
What was the median household income in Yuma County in 2023?
In 2023, the median household income in Yuma County, Arizona was $60,504.
What was the median household income in Yuma County in 2020?
In 2020, the median household income in Yuma County, Arizona was $48,981.
What is the Gini coefficient in Yuma County, Arizona?
The Gini coefficient in Yuma County is 0.573. 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 Yuma County, Arizona?
Since 2009, the income gap between men and women in Yuma County, Arizona has narrowed from about 20% to 15% in 2023. In dollar terms, the gap has narrowed by $54 since 2009.