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 | Aurora | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,979 | $93,055 | $78,145 |
| Median Personal Income | $58,742 | $69,173 | $61,726 |
| Average income growth | 6.1% | 5.8% | 5.1% |
| Six-Figure Earners | 10.9% | 17.0% | 13.2% |
The median household income in Aurora is about 10% lower than in Colorado. Income has been growing faster in Aurora (6.1%/yr) than in Colorado (5.8%/yr).
About 11% of adults in Aurora 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 Aurora, Colorado grew by 72.7% from 2009 to 2023, reaching $83,979 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Aurora | Gender Pay Gap | Gini Coefficient
| Metric | Aurora | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.547 | 0.570 |
| Male Median Income | $61,896 | $75,396 | $67,746 |
| Female Median Income | $54,646 | $61,821 | $54,793 |
| Gender Pay Gap | 11.7% | 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 Aurora, it is 0.521, lower than Colorado's 0.547, 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 13% more than women's income in Aurora, Colorado. Over a 35-year career, a 13% wage gap accumulates to roughly $253,750 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Aurora, Colorado has widened from about 9% to 12% in 2023. In dollar terms, the gap has widened by $3,641 since 2009.
Employment
| Metric | Aurora | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.4% | 5.2% |
| Working from Home | 14.7% | 18.8% | 13.4% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 11,953 people are unemployed in Aurora, Colorado.
The average commute time in Aurora is 27 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Aurora, Colorado has fallen from 8.9% to 5.7% in 2023.
Conclusion
Considering all these factors, Aurora, Colorado has an overall wealth index grade of B, making it about on par with Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Aurora, Colorado.
How Wealthy Is Aurora, Colorado?
Aurora 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 $83,979, about 10% lower than the Colorado average of $93,055.
What is the current median household income in Aurora, Colorado?
As of 2023, the median household income in Aurora, Colorado is $83,979.
What was the median household income in Aurora in 2023?
In 2023, the median household income in Aurora, Colorado was $83,979.
What was the median household income in Aurora in 2020?
In 2020, the median household income in Aurora, Colorado was $68,375.
What is the Gini coefficient in Aurora, Colorado?
The Gini coefficient in Aurora is 0.521. 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 Aurora, Colorado?
Since 2009, the income gap between men and women in Aurora, Colorado has widened from about 9% to 12% in 2023. In dollar terms, the gap has widened by $3,641 since 2009.