Elbert County, Colorado Income Statistics
Elbert 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.
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A
Elbert County Above averageAmong the top 3 wealthiest counties in Colorado
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $130,488 | $95,803 | $80,455 |
| Median Personal Income | $84,766 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.0% | 5.4% | 4.8% |
| Six-Figure Earners | 23.7% | 18.1% | 13.9% |
| $200k+ Households | 25.9% | 17.0% | 13.2% |
The median household income in Elbert County is about 36% higher than in Colorado. Income has been growing slower in Elbert County (5.0%/yr) than in Colorado (5.4%/yr).
About 24% of adults in Elbert County earn six figures ($100,000 or more) a year, higher than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Elbert County, Colorado grew by 76.6% from 2009 to 2024, reaching $130,488 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Elbert County
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.524 | 0.552 |
| Male Median Income | $101,173 | $78,863 | $69,667 |
| Female Median Income | $72,694 | $64,818 | $56,850 |
| Gender Pay Gap | 28.1% | 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 Elbert County, it is 0.522, 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 39% more than women's income in Elbert County, Colorado. Over a 35-year career, a 39% wage gap accumulates to roughly $996,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elbert County, Colorado has narrowed from about 30% to 28% in 2024. Over that period the gap was narrowest at 19% in 2020. In dollar terms, the gap has widened by $10,958 since 2009.
Employment
| Metric | Elbert County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.4% | 4.6% | 5.2% |
| Working from Home | 21.3% | 21.0% | 15.0% |
| Commute time (minutes) | 41 | 22 | 22 |
Approximately 503 people are unemployed in Elbert County, Colorado.
The average commute time in Elbert County is 41 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elbert County, Colorado has fallen from 6.9% to 3.4% in 2024. Over that period the rate peaked at 8.0% in 2012 and fell as low as 1.8% in 2020.
Elbert County, CO Wealth Compared With Nearby Counties
Elbert County, CO is the 5th largest of the 6 counties compared here, 27,839 residents against a local median of 525,525. The measure that sets Elbert County, CO apart most is median household income: $130,488, 36% above the local median of $95,784. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.4% against a local median of 4.6%, 27% below it. Every measure here with a clear better direction points the same way, so Elbert County, CO is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $88,827 on median household income, so Elbert County, CO sits at one end of an already wide local range rather than apart from it. Elbert County, CO has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Elbert County, CO | 27,839 | $130,488 #2/6 | 5.0%/yr #5/6 | 3.4% #2/6 | 0.522 #4/6 |
| Arapahoe County, CO | 647,849 | $101,681 | 5.4%/yr | 4.9% | 0.513 |
| El Paso County, CO | 742,974 | $91,268 | 5.3%/yr | 4.9% | 0.528 |
| Adams County, CO | 525,525 | $95,784 | 5.7%/yr | 4.6% | 0.521 |
| Lincoln County, CO | 5,550 | $60,757 | 5.7%/yr | 1.4% | 0.598 |
| Douglas County, CO | 377,140 | $149,583 | 4.3%/yr | 3.6% | 0.500 |
Conclusion
Considering all these factors, Elbert 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 Elbert County, Colorado.
How Wealthy Is Elbert County, Colorado?
Elbert 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 $130,488, about 36% higher than the Colorado average of $95,803.
How fast is household income rising in Elbert County, Colorado?
Between 2009 and 2024, the median household income in Elbert County, Colorado rose 77%, from $73,901 to $130,488. Over the same years, income here outpaced Colorado as a whole: +77% against +70%.
What was the median household income in Elbert County in 2023?
In 2023, the median household income in Elbert County, Colorado was $129,973, up 5% from $124,265 in 2022. The Colorado median that year was $93,071.
What was the median household income in Elbert County in 2020?
In 2020, the median household income in Elbert County, Colorado was $103,464. By 2024 it had risen 26% to $130,488.
How many people earn six figures in Elbert County, Colorado?
Yes. 24% of adults in Elbert County, Colorado earn $100,000 or more a year (about 1 in 4), against 18% (about 1 in 6) in Colorado. 26% of households have a combined income of $200,000 or more, compared with 17% in Colorado.
How strong is the job market in Elbert County, Colorado?
Unemployment in Elbert County, Colorado is only 3.4%, well below the Colorado rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Elbert County, Colorado?
The Gini coefficient in Elbert County is 0.522. 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 Elbert County, Colorado?
Since 2009, the income gap between men and women in Elbert County, Colorado has narrowed from about 30% to 28% in 2024. Over that period the gap was narrowest at 19% in 2020. In dollar terms, the gap has widened by $10,958 since 2009.
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