Grand County, Colorado Income Statistics
Grand 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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B
Grand County Around averageWealthier than 77% of counties in Colorado
Source: Map AI Methodology
Income Statistics Overview
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,810 | $95,803 | $80,455 |
| Median Personal Income | $55,803 | $68,113 | $60,758 |
| Average Yearly Income Growth | 4.0% | 5.4% | 4.8% |
| Six-Figure Earners | 15.8% | 18.1% | 13.9% |
| $200k+ Households | 10.8% | 17.0% | 13.2% |
The median household income in Grand County is about 6% lower than in Colorado. Income has been growing slower in Grand County (4.0%/yr) than in Colorado (5.4%/yr).
About 16% of adults in Grand 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 Grand County, Colorado grew by 53.6% from 2009 to 2024, reaching $89,810 in 2024. That's an average of about 4.0% per year.
Income Inequality and the Gender Pay Gap in Grand County
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.469 | 0.524 | 0.552 |
| Male Median Income | $65,054 | $78,863 | $69,667 |
| Female Median Income | $55,972 | $64,818 | $56,850 |
| Gender Pay Gap | 14.0% | 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 Grand County, it is 0.469, lower than Colorado's 0.524, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Grand County, Colorado. Over a 35-year career, a 16% wage gap accumulates to roughly $317,870 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Grand County, Colorado has narrowed from about 19% to 14% in 2024. Over that period the gap was widest at 25% in 2022, and was narrowest at 4% in 2013. In dollar terms, the gap has widened by $1,277 since 2009.
Employment
| Metric | Grand County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.6% | 5.2% |
| Working from Home | 19.6% | 21.0% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 397 people are unemployed in Grand County, Colorado.
The average commute time in Grand County is 17 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Grand County, Colorado has risen from 4.0% to 4.1% in 2024. Over that period the rate peaked at 5.9% in 2013 and fell as low as 3.3% in 2019.
Grand County, CO Wealth Compared With Nearby Counties
Grand County, CO is the 3rd largest of the 6 counties compared here, 15,895 residents against a local median of 9,259. Grand County, CO sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is unemployment, 14% below the local median at 4.1% against 4.8%. Grand County, CO has the 2nd 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. |
|---|---|---|---|---|---|
| Grand County, CO | 15,895 | $89,810 #5/6 | 4.0%/yr #4/6 | 4.1% #2/6 | 0.469 #1/6 |
| Summit County, CO | 31,017 | $111,746 | 6.5%/yr | 5.0% | 0.470 |
| Jackson County, CO | 1,372 | $46,316 | 0.8%/yr | 9.2% | 0.514 |
| Clear Creek County, CO | 9,259 | $96,277 | 4.6%/yr | 4.8% | 0.490 |
| Gilpin County, CO | 5,901 | $96,259 | 5.3%/yr | 3.1% | 0.491 |
| Eagle County, CO | 55,135 | $104,738 | 3.5%/yr | 4.7% | 0.496 |
Conclusion
Considering all these factors, Grand County, Colorado has an overall wealth index grade of B, making it somewhat better than Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Grand County, Colorado.
How Rich Is Grand County, Colorado?
Grand 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 $89,810, about 6% lower than the Colorado average of $95,803.
Are incomes growing in Grand County, Colorado?
Between 2009 and 2024, the median household income in Grand County, Colorado rose 54%, from $58,464 to $89,810. Over the same years, income here lagged behind Colorado as a whole: +54% against +70%.
What was the median household income in Grand County in 2023?
In 2023, the median household income in Grand County, Colorado was $85,257, up 9% from $77,994 in 2022. The Colorado median that year was $93,071.
What was the median household income in Grand County in 2020?
In 2020, the median household income in Grand County, Colorado was $69,548. By 2024 it had risen 29% to $89,810.
What is the Gini coefficient in Grand County, Colorado?
The Gini coefficient in Grand County is 0.469. 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 Grand County, Colorado?
Since 2009, the income gap between men and women in Grand County, Colorado has narrowed from about 19% to 14% in 2024. Over that period the gap was widest at 25% in 2022, and was narrowest at 4% in 2013. In dollar terms, the gap has widened by $1,277 since 2009.
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