Wealth Index
Among the 3 least wealthy 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 | Crowley County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,544 | $93,055 | $78,145 |
| Median Personal Income | $52,725 | $69,173 | $61,726 |
| Average income growth | 6.6% | 5.8% | 5.1% |
| Six-Figure Earners | 3.8% | 17.0% | 13.2% |
The median household income in Crowley County is about 48% lower than in Colorado. Income has been growing faster in Crowley County (6.6%/yr) than in Colorado (5.8%/yr).
About 4% of adults in Crowley 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 Crowley County, Colorado grew by 36.7% from 2009 to 2023, reaching $48,544 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Crowley County | Gender Pay Gap | Gini Coefficient
| Metric | Crowley County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.682 | 0.547 | 0.570 |
| Male Median Income | $57,837 | $75,396 | $67,746 |
| Female Median Income | $47,443 | $61,821 | $54,793 |
| Gender Pay Gap | 18.0% | 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 Crowley County, it is 0.682, 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 22% more than women's income in Crowley County, Colorado. Over a 35-year career, a 22% wage gap accumulates to roughly $363,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crowley County, Colorado has narrowed from about 19% to 18% in 2023. In dollar terms, the gap has widened by $3,752 since 2009.
Employment
| Metric | Crowley County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.6% | 4.4% | 5.2% |
| Working from Home | 10.8% | 18.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 96 people are unemployed in Crowley County, Colorado.
The average commute time in Crowley County is 23 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crowley County, Colorado has fallen from 13.2% to 5.6% in 2023.
Conclusion
Considering all these factors, Crowley County, Colorado has an overall wealth index grade of F, making it worse than Colorado, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Crowley County, Colorado.
How Rich Is Crowley County, Colorado?
Crowley County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $48,544, about 48% lower than the Colorado average of $93,055.
What is the current median household income in Crowley County, Colorado?
As of 2023, the median household income in Crowley County, Colorado is $48,544.
What was the median household income in Crowley County in 2023?
In 2023, the median household income in Crowley County, Colorado was $48,544.
What was the median household income in Crowley County in 2020?
In 2020, the median household income in Crowley County, Colorado was $40,597.
What is the Gini coefficient in Crowley County, Colorado?
The Gini coefficient in Crowley County is 0.682. 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 Crowley County, Colorado?
Since 2009, the income gap between men and women in Crowley County, Colorado has narrowed from about 19% to 18% in 2023. In dollar terms, the gap has widened by $3,752 since 2009.