Fremont County, Colorado Income Statistics
Fremont 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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D
Fremont County Well below averageAmong the 5 least wealthy counties in Colorado
Source: Map AI Methodology
Income Statistics Overview
| Metric | Fremont County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,374 | $95,803 | $80,455 |
| Median Personal Income | $53,313 | $68,113 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 5.6% | 18.1% | 13.9% |
| $200k+ Households | 5.9% | 17.0% | 13.2% |
The median household income in Fremont County is about 34% lower than in Colorado. Income has been growing slower in Fremont County (5.2%/yr) than in Colorado (5.4%/yr).
About 6% of adults in Fremont 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 Fremont County, Colorado grew by 68.3% from 2009 to 2024, reaching $63,374 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Fremont County
| Metric | Fremont County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.597 | 0.524 | 0.552 |
| Male Median Income | $62,247 | $78,863 | $69,667 |
| Female Median Income | $50,502 | $64,818 | $56,850 |
| Gender Pay Gap | 18.9% | 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 Fremont County, it is 0.597, higher than Colorado's 0.524, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 23% more than women's income in Fremont County, Colorado. Over a 35-year career, a 23% wage gap accumulates to roughly $411,075 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Fremont County, Colorado has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 22% in 2012, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $4,014 since 2009.
Employment
| Metric | Fremont County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.6% | 5.2% |
| Working from Home | 13.7% | 21.0% | 15.0% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 799 people are unemployed in Fremont County, Colorado.
The average commute time in Fremont County is 16 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fremont County, Colorado has fallen from 7.6% to 4.2% in 2024. Over that period the rate peaked at 9.2% in 2014.
Fremont County, CO Wealth Compared With Nearby Counties
Fremont County, CO is the largest of the 6 counties compared here, 49,630 residents against a local median of 17,906. Fremont County, CO's median household income, at $63,374, runs 24% below the $83,141 typical of the counties around it. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 5.2%/yr against a local median of 6.3%/yr, 17% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Fremont County, CO reads weaker than its neighbours on all of them. The counties themselves spread $47,191 on median household income, so Fremont County, CO sits at one end of an already wide local range rather than apart from it. Fremont County, CO has the 5th 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. |
|---|---|---|---|---|---|
| Fremont County, CO | 49,630 | $63,374 #5/6 | 5.2%/yr #5/6 | 4.2% #4/6 | 0.597 #6/6 |
| Custer County, CO | 5,247 | $72,416 | 8.6%/yr | 3.7% | 0.555 |
| Teller County, CO | 24,825 | $84,363 | 3.7%/yr | 3.7% | 0.514 |
| Park County, CO | 17,906 | $101,077 | 6.3%/yr | 3.3% | 0.469 |
| Chaffee County, CO | 20,178 | $83,141 | 6.2%/yr | 4.8% | 0.502 |
| Huerfano County, CO | 6,972 | $53,887 | 6.3%/yr | 8.0% | 0.557 |
Conclusion
Considering all these factors, Fremont County, Colorado has an overall wealth index grade of D, making it worse than Colorado, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fremont County, Colorado.
How Rich Is Fremont County, Colorado?
Fremont County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $63,374, about 34% lower than the Colorado average of $95,803.
Are incomes growing in Fremont County, Colorado?
Between 2009 and 2024, the median household income in Fremont County, Colorado rose 68%, from $37,662 to $63,374. Over the same years, income here lagged behind Colorado as a whole: +68% against +70%.
What was the median household income in Fremont County in 2023?
In 2023, the median household income in Fremont County, Colorado was $61,114, up 9% from $56,047 in 2022. The Colorado median that year was $93,071.
What was the median household income in Fremont County in 2020?
In 2020, the median household income in Fremont County, Colorado was $53,158. By 2024 it had risen 19% to $63,374.
What is the Gini coefficient in Fremont County, Colorado?
The Gini coefficient in Fremont County is 0.597. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Fremont County, Colorado?
The income gap between men and women in Fremont County, Colorado has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 22% in 2012, and was narrowest at 14% in 2017. In dollar terms, the gap has widened by $4,014 since 2009.
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