Wealth Index
Wealthier than 81% 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 | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,856 | $93,055 | $78,145 |
| Median Personal Income | $80,514 | $69,173 | $61,726 |
| Average income growth | 5.5% | 5.8% | 5.1% |
| Six-Figure Earners | 23.6% | 17.0% | 13.2% |
The median household income in Clear Creek County is about 5% higher than in Colorado. Income has been growing slower in Clear Creek County (5.5%/yr) than in Colorado (5.8%/yr).
About 24% of adults in Clear Creek 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 Clear Creek County, Colorado grew by 55.8% from 2009 to 2023, reaching $97,856 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Clear Creek County | Gender Pay Gap | Gini Coefficient
| Metric | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.547 | 0.570 |
| Male Median Income | $75,924 | $75,396 | $67,746 |
| Female Median Income | $86,891 | $61,821 | $54,793 |
| Gender Pay Gap | -14.4% | 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 Clear Creek County, 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.
Women's income is about 14% more than men's income in Clear Creek County, Colorado. Over a 35-year career, a 14% wage gap accumulates to roughly $383,845 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clear Creek County, Colorado has narrowed from about 19% to -14% in 2023. In dollar terms, the gap has narrowed by $20,399 since 2009.
Employment
| Metric | Clear Creek County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.4% | 5.2% |
| Working from Home | 21.3% | 18.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 240 people are unemployed in Clear Creek County, Colorado.
The average commute time in Clear Creek County is 23 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clear Creek County, Colorado has fallen from 6.0% to 4.2% in 2023.
Conclusion
Considering all these factors, Clear Creek County, Colorado has an overall wealth index grade of B, making it somewhat better than Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clear Creek County, Colorado.
How Rich Is Clear Creek County, Colorado?
Clear Creek County 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 $97,856, about 5% higher than the Colorado average of $93,055.
What is the current median household income in Clear Creek County, Colorado?
As of 2023, the median household income in Clear Creek County, Colorado is $97,856.
What was the median household income in Clear Creek County in 2023?
In 2023, the median household income in Clear Creek County, Colorado was $97,856.
What was the median household income in Clear Creek County in 2020?
In 2020, the median household income in Clear Creek County, Colorado was $71,195.
What is the Gini coefficient in Clear Creek County, Colorado?
The Gini coefficient in Clear Creek County 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 Clear Creek County, Colorado?
Since 2009, the income gap between men and women in Clear Creek County, Colorado has narrowed from about 19% to -14% in 2023. In dollar terms, the gap has narrowed by $20,399 since 2009.