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 | Cimarron Hills | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,997 | $93,055 | $78,145 |
| Median Personal Income | $55,903 | $69,173 | $61,726 |
| Average income growth | 4.7% | 5.8% | 5.1% |
| Six-Figure Earners | 10.8% | 17.0% | 13.2% |
The median household income in Cimarron Hills is about 10% lower than in Colorado. Income has been growing slower in Cimarron Hills (4.7%/yr) than in Colorado (5.8%/yr).
About 11% of adults in Cimarron Hills 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 Cimarron Hills, Colorado grew by 46.6% from 2009 to 2023, reaching $83,997 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Cimarron Hills | Gender Pay Gap | Gini Coefficient
| Metric | Cimarron Hills | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.547 | 0.570 |
| Male Median Income | $67,104 | $75,396 | $67,746 |
| Female Median Income | $46,980 | $61,821 | $54,793 |
| Gender Pay Gap | 30.0% | 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 Cimarron Hills, it is 0.524, 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 43% more than women's income in Cimarron Hills, Colorado. Over a 35-year career, a 43% wage gap accumulates to roughly $704,340 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cimarron Hills, Colorado has widened from about 28% to 30% in 2023. In dollar terms, the gap has widened by $6,353 since 2009.
Employment
| Metric | Cimarron Hills | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 4.4% | 5.2% |
| Working from Home | 11.5% | 18.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 545 people are unemployed in Cimarron Hills, Colorado.
The average commute time in Cimarron Hills is 22 minutes, about the same as in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cimarron Hills, Colorado has fallen from 6.9% to 4.7% in 2023.
Conclusion
Considering all these factors, Cimarron Hills, 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 Cimarron Hills, Colorado.
How Rich Is Cimarron Hills, Colorado?
Cimarron Hills 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 $83,997, about 10% lower than the Colorado average of $93,055.
What is the current median household income in Cimarron Hills, Colorado?
As of 2023, the median household income in Cimarron Hills, Colorado is $83,997.
What was the median household income in Cimarron Hills in 2023?
In 2023, the median household income in Cimarron Hills, Colorado was $83,997.
What was the median household income in Cimarron Hills in 2020?
In 2020, the median household income in Cimarron Hills, Colorado was $72,630.
What is the Gini coefficient in Cimarron Hills, Colorado?
The Gini coefficient in Cimarron Hills is 0.524. 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 Cimarron Hills, Colorado?
Since 2009, the income gap between men and women in Cimarron Hills, Colorado has widened from about 28% to 30% in 2023. In dollar terms, the gap has widened by $6,353 since 2009.