Wealth Index
Wealthier than 90% of counties in Colorado
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 | Jefferson County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,330 | $93,055 | $78,145 |
| Median Personal Income | $78,606 | $69,173 | $61,726 |
| Average income growth | 5.9% | 5.8% | 5.1% |
| Six-Figure Earners | 20.8% | 17.0% | 13.2% |
The median household income in Jefferson County is about 15% higher than in Colorado. Income has been growing faster in Jefferson County (5.9%/yr) than in Colorado (5.8%/yr).
About 21% of adults in Jefferson County 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 Jefferson County, Colorado grew by 63.6% from 2009 to 2023, reaching $107,330 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Jefferson County | Gender Pay Gap | Gini Coefficient
| Metric | Jefferson County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.547 | 0.570 |
| Male Median Income | $87,463 | $75,396 | $67,746 |
| Female Median Income | $69,017 | $61,821 | $54,793 |
| Gender Pay Gap | 21.1% | 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 Jefferson County, it is 0.524, 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 27% more than women's income in Jefferson County, Colorado. Over a 35-year career, a 27% wage gap accumulates to roughly $645,610 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jefferson County, Colorado has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $7,095 since 2009.
Employment
| Metric | Jefferson County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.4% | 5.2% |
| Working from Home | 22.3% | 18.8% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 12,987 people are unemployed in Jefferson County, Colorado.
The average commute time in Jefferson County is 23 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jefferson County, Colorado has fallen from 7.2% to 3.9% in 2023.
Conclusion
Considering all these factors, Jefferson 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 Jefferson County, Colorado.
How Rich Is Jefferson County, Colorado?
Jefferson 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 $107,330, about 15% higher than the Colorado average of $93,055.
What is the current median household income in Jefferson County, Colorado?
As of 2023, the median household income in Jefferson County, Colorado is $107,330.
What was the median household income in Jefferson County in 2023?
In 2023, the median household income in Jefferson County, Colorado was $107,330.
What was the median household income in Jefferson County in 2020?
In 2020, the median household income in Jefferson County, Colorado was $88,955.
What is the Gini coefficient in Jefferson County, Colorado?
The Gini coefficient in Jefferson County is 0.524. 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 Jefferson County, Colorado?
Since 2009, the income gap between men and women in Jefferson County, Colorado has widened from about 20% to 21% in 2023. In dollar terms, the gap has widened by $7,095 since 2009.