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 | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $43,616 | $93,055 | $78,145 |
| Median Personal Income | $50,972 | $69,173 | $61,726 |
| Average income growth | -0.0% | 5.8% | 5.1% |
| Six-Figure Earners | 5.7% | 17.0% | 13.2% |
The median household income in Jackson County is about 53% lower than in Colorado. Income has been growing slower in Jackson County (-0.0%/yr) than in Colorado (5.8%/yr).
About 6% of adults in Jackson County 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 Jackson County, Colorado grew by 31.3% from 2009 to 2023, reaching $43,616 in 2023. That's an average of about 0.0% per year.
Economic Inequality in Jackson County | Gender Pay Gap | Gini Coefficient
| Metric | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.547 | 0.570 |
| Male Median Income | $53,228 | $75,396 | $67,746 |
| Female Median Income | $46,893 | $61,821 | $54,793 |
| Gender Pay Gap | 11.9% | 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 Jackson County, it is 0.496, 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 14% more than women's income in Jackson County, Colorado. Over a 35-year career, a 14% wage gap accumulates to roughly $221,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jackson County, Colorado has narrowed from about 15% to 12% in 2023. In dollar terms, the gap has widened by $1,734 since 2009.
Employment
| Metric | Jackson County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.5% | 4.4% | 5.2% |
| Working from Home | 25.2% | 18.8% | 13.4% |
| Commute time (minutes) | 11 | 22 | 22 |
Approximately 69 people are unemployed in Jackson County, Colorado.
The average commute time in Jackson County is 11 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jackson County, Colorado has risen from 3.4% to 9.5% in 2023.
Conclusion
Considering all these factors, Jackson County, 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 Jackson County, Colorado.
How Rich Is Jackson County, Colorado?
Jackson County 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 $43,616, about 53% lower than the Colorado average of $93,055.
What is the current median household income in Jackson County, Colorado?
As of 2023, the median household income in Jackson County, Colorado is $43,616.
What was the median household income in Jackson County in 2023?
In 2023, the median household income in Jackson County, Colorado was $43,616.
What was the median household income in Jackson County in 2020?
In 2020, the median household income in Jackson County, Colorado was $46,116.
What is the Gini coefficient in Jackson County, Colorado?
The Gini coefficient in Jackson County is 0.496. 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 Jackson County, Colorado?
Since 2009, the income gap between men and women in Jackson County, Colorado has narrowed from about 15% to 12% in 2023. In dollar terms, the gap has widened by $1,734 since 2009.