El Paso County, Colorado Income Statistics
El Paso County Wealth Score
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.
-
B
El Paso County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,268 | $95,803 | $80,455 |
| Median Personal Income | $61,277 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.3% | 5.4% | 4.8% |
| Six-Figure Earners | 15.8% | 18.1% | 13.9% |
| $200k+ Households | 13.5% | 17.0% | 13.2% |
The median household income in El Paso County is about 5% lower than in Colorado. Income has been growing slower in El Paso County (5.3%/yr) than in Colorado (5.4%/yr).
About 16% of adults in El Paso County earn six figures ($100,000 or more) a year, lower than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in El Paso County, Colorado grew by 60.3% from 2009 to 2024, reaching $91,268 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in El Paso County
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.528 | 0.524 | 0.552 |
| Male Median Income | $70,754 | $78,863 | $69,667 |
| Female Median Income | $57,543 | $64,818 | $56,850 |
| Gender Pay Gap | 18.7% | 17.8% | 18.4% |
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 El Paso County, it is 0.528, about the same as Colorado's 0.524, so income here is about as evenly distributed as there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 23% more than women's income in El Paso County, Colorado. Over a 35-year career, a 23% wage gap accumulates to roughly $462,385 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in El Paso County, Colorado has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 18% in 2020. In dollar terms, the gap has widened by $393 since 2009.
Employment
| Metric | El Paso County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.6% | 5.2% |
| Working from Home | 16.8% | 21.0% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 20,033 people are unemployed in El Paso County, Colorado.
The average commute time in El Paso County is 21 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in El Paso County, Colorado has fallen from 7.8% to 4.9% in 2024. Over that period the rate peaked at 8.7% in 2013.
El Paso County, CO Wealth Compared With Nearby Counties
El Paso County, CO is the largest of the 6 counties compared here, 742,974 residents against a local median of 169,356. The measure that sets El Paso County, CO apart most is unemployment: 4.9%, 34% above the local median of 3.7%. That is the weaker end of the local range on this measure.
The counties themselves spread 1.6% on unemployment, so El Paso County, CO sits at one end of an already wide local range rather than apart from it. El Paso County, CO has the 6th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| El Paso County, CO | 742,974 | $91,268 #4/6 | 5.3%/yr #3/6 | 4.9% #6/6 | 0.528 #5/6 |
| Elbert County, CO | 27,839 | $130,488 | 5.0%/yr | 3.4% | 0.522 |
| Teller County, CO | 24,825 | $84,363 | 3.7%/yr | 3.7% | 0.514 |
| Douglas County, CO | 377,140 | $149,583 | 4.3%/yr | 3.6% | 0.500 |
| Pueblo County, CO | 169,356 | $64,867 | 5.4%/yr | 4.7% | 0.548 |
| Arapahoe County, CO | 647,849 | $101,681 | 5.4%/yr | 4.9% | 0.513 |
Conclusion
Considering all these factors, El Paso County, 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 El Paso County, Colorado.
How Wealthy Is El Paso County, Colorado?
El Paso 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 $91,268, about 5% lower than the Colorado average of $95,803.
How has median household income changed in El Paso County, Colorado?
Between 2009 and 2024, the median household income in El Paso County, Colorado rose 60%, from $56,942 to $91,268. Over the same years, income here lagged behind Colorado as a whole: +60% against +70%.
What was the median household income in El Paso County in 2023?
In 2023, the median household income in El Paso County, Colorado was $88,556, up 6% from $83,527 in 2022. The Colorado median that year was $93,071.
What was the median household income in El Paso County in 2020?
In 2020, the median household income in El Paso County, Colorado was $71,442. By 2024 it had risen 28% to $91,268.
What is the Gini coefficient in El Paso County, Colorado?
The Gini coefficient in El Paso County is 0.528. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in El Paso County, Colorado?
Since 2009, the income gap between men and women in El Paso County, Colorado has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 18% in 2020. In dollar terms, the gap has widened by $393 since 2009.
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