Mineral County, Colorado Income Statistics
Mineral County Wealth Score
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.
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B
Mineral County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,181 | $95,803 | $80,455 |
| Median Personal Income | $61,686 | $68,113 | $60,758 |
| Average Yearly Income Growth | 2.4% | 5.4% | 4.8% |
| Six-Figure Earners | 11.8% | 18.1% | 13.9% |
| $200k+ Households | 4.7% | 17.0% | 13.2% |
The median household income in Mineral County is about 39% lower than in Colorado. Income has been growing slower in Mineral County (2.4%/yr) than in Colorado (5.4%/yr).
About 12% of adults in Mineral County earn six figures ($100,000 or more) a year, lower than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Mineral County, Colorado grew by 10.3% from 2009 to 2024, reaching $58,181 in 2024. That's an average of about 2.4% per year.
Income Inequality and the Gender Pay Gap in Mineral County
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.524 | 0.552 |
| Male Median Income | $83,333 | $78,863 | $69,667 |
| Female Median Income | $55,999 | $64,818 | $56,850 |
| Gender Pay Gap | 32.8% | 17.8% | 18.4% |
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 Mineral County, it is 0.505, lower than Colorado's 0.524, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 49% more than women's income in Mineral County, Colorado. Over a 35-year career, a 49% wage gap accumulates to roughly $956,690 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mineral County, Colorado has narrowed from about 46% to 33% in 2024. Over that period the gap was widest at 66% in 2021, and was narrowest at 7% in 2016. In dollar terms, the gap has widened by $8,940 since 2009.
Employment
| Metric | Mineral County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.0% | 4.6% | 5.2% |
| Working from Home | 7.6% | 21.0% | 15.0% |
| Commute time (minutes) | 8 | 22 | 22 |
Approximately 34 people are unemployed in Mineral County, Colorado.
The average commute time in Mineral County is 8 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mineral County, Colorado has risen from 1.8% to 9.0% in 2024. Over that period the rate fell as low as 1.0% in 2014.
Mineral County, CO Wealth Compared With Nearby Counties
Mineral County, CO is the 5th largest of the 6 counties compared here, 729 residents against a local median of 6,580. The measure that sets Mineral County, CO apart most is income growth: 2.4%/yr, 64% below the local median of 6.7%/yr. That is the weaker end of the local range on this measure.
Median household income tells the same story from another angle: $58,181 against a local median of $75,741, 23% below it. Every measure here with a clear better direction points the same way, and it is the wrong way: Mineral County, CO reads weaker than its neighbours on all of them. The counties themselves sit within 2.2%/yr of each other on income growth, a tighter band than the gap between any of them and Mineral County, CO, which makes it a genuine outlier here rather than one end of a wide local spread. Mineral County, CO has the 6th highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Mineral County, CO | 729 | $58,181 #5/6 | 2.4%/yr #6/6 | 9.0% #3/6 | 0.505 #2/6 |
| Hinsdale County, CO | 1,005 | $75,741 | 6.3%/yr | 1.0% | 0.467 |
| Archuleta County, CO | 13,900 | $82,475 | 7.7%/yr | 1.3% | 0.532 |
| Rio Grande County, CO | 11,321 | $66,553 | 6.7%/yr | 10.1% | 0.511 |
| San Juan County, CO | 724 | $76,167 | 7.7%/yr | 9.4% | 0.507 |
| Saguache County, CO | 6,580 | $50,043 | 5.5%/yr | 10.3% | 0.525 |
Conclusion
Considering all these factors, Mineral County, Colorado has an overall wealth index grade of B, making it about on par with Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mineral County, Colorado.
How Rich Is Mineral County, Colorado?
Mineral 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 $58,181, about 39% lower than the Colorado average of $95,803.
How fast is household income rising in Mineral County, Colorado?
Between 2009 and 2024, the median household income in Mineral County, Colorado rose 10%, from $52,768 to $58,181. Over the same years, income here lagged behind Colorado as a whole: +10% against +70%.
What was the median household income in Mineral County in 2023?
In 2023, the median household income in Mineral County, Colorado was $57,142, down 3% from $59,076 in 2022. The Colorado median that year was $93,071.
What was the median household income in Mineral County in 2020?
In 2020, the median household income in Mineral County, Colorado was $53,684. By 2024 it had risen 8% to $58,181.
Is unemployment high in Mineral County, Colorado?
Unemployment in Mineral County, Colorado is 9.0%, well above the Colorado rate of 4.6%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Mineral County, Colorado?
The Gini coefficient in Mineral County is 0.505. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Mineral County, Colorado?
Since 2009, the income gap between men and women in Mineral County, Colorado has narrowed from about 46% to 33% in 2024. Over that period the gap was widest at 66% in 2021, and was narrowest at 7% in 2016. In dollar terms, the gap has widened by $8,940 since 2009.
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