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 | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $72,574 | $93,055 | $78,145 |
| Median Personal Income | $72,574 | $93,055 | $78,145 |
| Average income growth | 5.1% | 5.1% | 5.1% |
The median household income in Four Square Mile is about 22% lower than in Colorado. Income has been growing slower in Four Square Mile (5.1%/yr) than in Colorado (5.8%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Four Square Mile, Colorado grew by 83.8% from 2009 to 2023, reaching $72,574 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Four Square Mile | Gender Pay Gap | Gini Coefficient
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.547 | 0.570 |
| Male Median Income | $64,644 | $75,396 | $67,746 |
| Female Median Income | $51,227 | $61,821 | $54,793 |
| Gender Pay Gap | 20.8% | 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 Four Square Mile, it is 0.505, 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 26% more than women's income in Four Square Mile, Colorado.
Income by Sex Over Time
Since 2009, the income gap between men and women in Four Square Mile, Colorado has widened from about 10% to 21% in 2023.
Employment
| Metric | Four Square Mile | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 4.4% | 5.2% |
| Working from Home | 16.8% | 18.8% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
The average commute time in Four Square Mile is 25 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Four Square Mile, Colorado has fallen from 5.3% to 3.2% in 2023.
Conclusion
Considering all these factors, Four Square Mile, 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 Four Square Mile, Colorado.
How Rich Is Four Square Mile, Colorado?
Four Square Mile 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 $72,574, about 22% lower than the Colorado average of $93,055.
What is the current median household income in Four Square Mile, Colorado?
As of 2023, the median household income in Four Square Mile, Colorado is $72,574.
What was the median household income in Four Square Mile in 2023?
In 2023, the median household income in Four Square Mile, Colorado was $72,574.
What was the median household income in Four Square Mile in 2020?
In 2020, the median household income in Four Square Mile, Colorado was $62,654.
What is the Gini coefficient in Four Square Mile, Colorado?
The Gini coefficient in Four Square Mile is 0.505. 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 Four Square Mile, Colorado?
Since 2009, the income gap between men and women in Four Square Mile, Colorado has widened from about 10% to 21% in 2023.