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 | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,609 | $93,055 | $78,145 |
| Median Personal Income | $86,982 | $69,173 | $61,726 |
| Average income growth | 4.5% | 5.8% | 5.1% |
| Six-Figure Earners | 23.4% | 17.0% | 13.2% |
The median household income in Ken Caryl is about 27% higher than in Colorado. Income has been growing slower in Ken Caryl (4.5%/yr) than in Colorado (5.8%/yr).
About 23% of adults in Ken Caryl 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 Ken Caryl, Colorado grew by 45.8% from 2009 to 2023, reaching $118,609 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Ken Caryl | Gender Pay Gap | Gini Coefficient
| Metric | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.547 | 0.570 |
| Male Median Income | $95,569 | $75,396 | $67,746 |
| Female Median Income | $73,811 | $61,821 | $54,793 |
| Gender Pay Gap | 22.8% | 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 Ken Caryl, it is 0.506, 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 29% more than women's income in Ken Caryl, Colorado. Over a 35-year career, a 29% wage gap accumulates to roughly $761,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ken Caryl, Colorado has widened from about 16% to 23% in 2023. In dollar terms, the gap has widened by $12,160 since 2009.
Employment
| Metric | Ken Caryl | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 4.4% | 5.2% |
| Working from Home | 23.6% | 18.8% | 13.4% |
| Commute time (minutes) | 27 | 22 | 22 |
Approximately 645 people are unemployed in Ken Caryl, Colorado.
The average commute time in Ken Caryl is 27 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ken Caryl, Colorado has fallen from 7.4% to 3.3% in 2023.
Conclusion
Considering all these factors, Ken Caryl, Colorado has an overall wealth index grade of A, making it somewhat better than Colorado, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Ken Caryl, Colorado.
How Rich Is Ken Caryl, Colorado?
Ken Caryl 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 residents are much better off than the U.S. average. The median household income is $118,609, about 27% higher than the Colorado average of $93,055.
What is the current median household income in Ken Caryl, Colorado?
As of 2023, the median household income in Ken Caryl, Colorado is $118,609.
What was the median household income in Ken Caryl in 2023?
In 2023, the median household income in Ken Caryl, Colorado was $118,609.
What was the median household income in Ken Caryl in 2020?
In 2020, the median household income in Ken Caryl, Colorado was $97,261.
What is the Gini coefficient in Ken Caryl, Colorado?
The Gini coefficient in Ken Caryl is 0.506. 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 Ken Caryl, Colorado?
Since 2009, the income gap between men and women in Ken Caryl, Colorado has widened from about 16% to 23% in 2023. In dollar terms, the gap has widened by $12,160 since 2009.