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 | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $151,109 | $93,055 | $78,145 |
| Median Personal Income | $102,729 | $69,173 | $61,726 |
| Average income growth | 4.7% | 5.8% | 5.1% |
| Six-Figure Earners | 30.7% | 17.0% | 13.2% |
The median household income in Highlands Ranch is about 62% higher than in Colorado. Income has been growing slower in Highlands Ranch (4.7%/yr) than in Colorado (5.8%/yr).
About 31% of adults in Highlands Ranch earn six figures ($100,000 or more) a year, higher than the Colorado average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Highlands Ranch, Colorado grew by 46.8% from 2009 to 2023, reaching $151,109 in 2023. That's an average of about 4.7% per year.
Economic Inequality in Highlands Ranch | Gender Pay Gap | Gini Coefficient
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.530 | 0.547 | 0.570 |
| Male Median Income | $117,941 | $75,396 | $67,746 |
| Female Median Income | $79,449 | $61,821 | $54,793 |
| Gender Pay Gap | 32.6% | 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 Highlands Ranch, it is 0.530, 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 48% more than women's income in Highlands Ranch, Colorado. Over a 35-year career, a 48% wage gap accumulates to roughly $1,347,220 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Highlands Ranch, Colorado has narrowed from about 36% to 33% in 2023. In dollar terms, the gap has widened by $7,865 since 2009.
Employment
| Metric | Highlands Ranch | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.4% | 5.2% |
| Working from Home | 29.0% | 18.8% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 1,891 people are unemployed in Highlands Ranch, Colorado.
The average commute time in Highlands Ranch is 22 minutes, about the same as in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Highlands Ranch, Colorado has fallen from 5.1% to 3.6% in 2023.
Conclusion
Considering all these factors, Highlands Ranch, Colorado has an overall wealth index grade of A+, making it notably better than Colorado, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Highlands Ranch, Colorado.
How Rich Is Highlands Ranch, Colorado?
Highlands Ranch 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 it is one of the most prosperous areas in the country. The median household income is $151,109, about 62% higher than the Colorado average of $93,055.
What is the current median household income in Highlands Ranch, Colorado?
As of 2023, the median household income in Highlands Ranch, Colorado is $151,109.
What was the median household income in Highlands Ranch in 2023?
In 2023, the median household income in Highlands Ranch, Colorado was $151,109.
What was the median household income in Highlands Ranch in 2020?
In 2020, the median household income in Highlands Ranch, Colorado was $125,045.
What is the Gini coefficient in Highlands Ranch, Colorado?
The Gini coefficient in Highlands Ranch is 0.530. 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 Highlands Ranch, Colorado?
Since 2009, the income gap between men and women in Highlands Ranch, Colorado has narrowed from about 36% to 33% in 2023. In dollar terms, the gap has widened by $7,865 since 2009.