Wealth Index
Less wealthy than 90% of counties in Colorado
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 | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $50,713 | $93,055 | $78,145 |
| Median Personal Income | $44,784 | $69,173 | $61,726 |
| Average income growth | 6.5% | 5.8% | 5.1% |
| Six-Figure Earners | 6.0% | 17.0% | 13.2% |
The median household income in Alamosa County is about 46% lower than in Colorado. Income has been growing faster in Alamosa County (6.5%/yr) than in Colorado (5.8%/yr).
About 6% of adults in Alamosa County earn six figures ($100,000 or more) a year, lower than the Colorado average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Alamosa County, Colorado grew by 59.2% from 2009 to 2023, reaching $50,713 in 2023. That's an average of about 6.5% per year.
Economic Inequality in Alamosa County | Gender Pay Gap | Gini Coefficient
| Metric | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.547 | 0.570 |
| Male Median Income | $46,045 | $75,396 | $67,746 |
| Female Median Income | $44,052 | $61,821 | $54,793 |
| Gender Pay Gap | 4.3% | 18.0% | 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 Alamosa County, it is 0.575, higher than Colorado's 0.547, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 5% more than women's income in Alamosa County, Colorado. Over a 35-year career, a 5% wage gap accumulates to roughly $69,755 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Alamosa County, Colorado has narrowed from about 16% to 4% in 2023. In dollar terms, the gap has narrowed by $3,751 since 2009.
Employment
| Metric | Alamosa County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.4% | 5.2% |
| Working from Home | 3.9% | 18.8% | 13.4% |
| Commute time (minutes) | 11 | 22 | 22 |
Approximately 203 people are unemployed in Alamosa County, Colorado.
The average commute time in Alamosa County is 11 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Alamosa County, Colorado has fallen from 9.5% to 2.5% in 2023.
Conclusion
Considering all these factors, Alamosa County, Colorado has an overall wealth index grade of D, making it somewhat worse than Colorado, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Alamosa County, Colorado.
How Wealthy Is Alamosa County, Colorado?
Alamosa 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 $50,713, about 46% lower than the Colorado average of $93,055.
What is the current median household income in Alamosa County, Colorado?
As of 2023, the median household income in Alamosa County, Colorado is $50,713.
What was the median household income in Alamosa County in 2023?
In 2023, the median household income in Alamosa County, Colorado was $50,713.
What was the median household income in Alamosa County in 2020?
In 2020, the median household income in Alamosa County, Colorado was $41,642.
What is the Gini coefficient in Alamosa County, Colorado?
The Gini coefficient in Alamosa County is 0.575. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Alamosa County, Colorado?
Since 2009, the income gap between men and women in Alamosa County, Colorado has narrowed from about 16% to 4% in 2023. In dollar terms, the gap has narrowed by $3,751 since 2009.