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 | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,018 | $93,055 | $78,145 |
| Median Personal Income | $52,952 | $69,173 | $61,726 |
| Average income growth | 4.4% | 5.8% | 5.1% |
| Six-Figure Earners | 8.2% | 17.0% | 13.2% |
The median household income in Greeley is about 27% lower than in Colorado. Income has been growing slower in Greeley (4.4%/yr) than in Colorado (5.8%/yr).
About 8% of adults in Greeley earn six figures ($100,000 or more) a year, lower than the Colorado average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Greeley, Colorado grew by 54.6% from 2009 to 2023, reaching $68,018 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Greeley | Gender Pay Gap | Gini Coefficient
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.547 | 0.570 |
| Male Median Income | $58,630 | $75,396 | $67,746 |
| Female Median Income | $46,619 | $61,821 | $54,793 |
| Gender Pay Gap | 20.5% | 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 Greeley, it is 0.565, higher than Colorado's 0.547, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 26% more than women's income in Greeley, Colorado. Over a 35-year career, a 26% wage gap accumulates to roughly $420,385 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Greeley, Colorado has widened from about 15% to 20% in 2023. In dollar terms, the gap has widened by $6,351 since 2009.
Employment
| Metric | Greeley | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.4% | 5.2% |
| Working from Home | 8.7% | 18.8% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 2,864 people are unemployed in Greeley, Colorado.
The average commute time in Greeley is 18 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Greeley, Colorado has fallen from 8.8% to 5.4% in 2023.
Conclusion
Considering all these factors, Greeley, Colorado has an overall wealth index grade of C, making it somewhat worse than Colorado, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Greeley, Colorado.
How Rich Is Greeley, Colorado?
Greeley has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $68,018, about 27% lower than the Colorado average of $93,055.
What is the current median household income in Greeley, Colorado?
As of 2023, the median household income in Greeley, Colorado is $68,018.
What was the median household income in Greeley in 2023?
In 2023, the median household income in Greeley, Colorado was $68,018.
What was the median household income in Greeley in 2020?
In 2020, the median household income in Greeley, Colorado was $57,592.
What is the Gini coefficient in Greeley, Colorado?
The Gini coefficient in Greeley is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Greeley, Colorado?
Since 2009, the income gap between men and women in Greeley, Colorado has widened from about 15% to 20% in 2023. In dollar terms, the gap has widened by $6,351 since 2009.