Wealth Index
Among the top 3 wealthiest 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 | Broomfield County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,852 | $93,055 | $78,145 |
| Median Personal Income | $87,798 | $69,173 | $61,726 |
| Average income growth | 5.3% | 5.8% | 5.1% |
| Six-Figure Earners | 25.2% | 17.0% | 13.2% |
The median household income in Broomfield County is about 30% higher than in Colorado. Income has been growing slower in Broomfield County (5.3%/yr) than in Colorado (5.8%/yr).
About 25% of adults in Broomfield County earn six figures ($100,000 or more) a year, higher than the Colorado average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Broomfield County, Colorado grew by 45.6% from 2009 to 2023, reaching $120,852 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Broomfield County | Gender Pay Gap | Gini Coefficient
| Metric | Broomfield County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.547 | 0.570 |
| Male Median Income | $99,807 | $75,396 | $67,746 |
| Female Median Income | $75,684 | $61,821 | $54,793 |
| Gender Pay Gap | 24.2% | 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 Broomfield County, it is 0.517, 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 32% more than women's income in Broomfield County, Colorado. Over a 35-year career, a 32% wage gap accumulates to roughly $844,305 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Broomfield County, Colorado has narrowed from about 26% to 24% in 2023. In dollar terms, the gap has widened by $7,962 since 2009.
Employment
| Metric | Broomfield County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.4% | 5.2% |
| Working from Home | 26.9% | 18.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,414 people are unemployed in Broomfield County, Colorado.
The average commute time in Broomfield County is 23 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Broomfield County, Colorado has fallen from 6.5% to 3.2% in 2023.
Conclusion
Considering all these factors, Broomfield County, Colorado has an overall wealth index grade of A, making it somewhat better than Colorado, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Broomfield County, Colorado.
How Rich Is Broomfield County, Colorado?
Broomfield County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $120,852, about 30% higher than the Colorado average of $93,055.
What is the current median household income in Broomfield County, Colorado?
As of 2023, the median household income in Broomfield County, Colorado is $120,852.
What was the median household income in Broomfield County in 2023?
In 2023, the median household income in Broomfield County, Colorado was $120,852.
What was the median household income in Broomfield County in 2020?
In 2020, the median household income in Broomfield County, Colorado was $101,798.
What is the Gini coefficient in Broomfield County, Colorado?
The Gini coefficient in Broomfield County is 0.517. 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 Broomfield County, Colorado?
Since 2009, the income gap between men and women in Broomfield County, Colorado has narrowed from about 26% to 24% in 2023. In dollar terms, the gap has widened by $7,962 since 2009.