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 | Northglenn | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,491 | $93,055 | $78,145 |
| Median Personal Income | $79,491 | $93,055 | $78,145 |
| Average income growth | 4.8% | 4.8% | 4.8% |
The median household income in Northglenn is about 15% lower than in Colorado. Income has been growing slower in Northglenn (4.8%/yr) than in Colorado (5.8%/yr).
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Northglenn, Colorado grew by 48.7% from 2009 to 2023, reaching $79,491 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Northglenn | Gender Pay Gap | Gini Coefficient
| Metric | Northglenn | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.547 | 0.570 |
| Male Median Income | $60,238 | $75,396 | $67,746 |
| Female Median Income | $51,847 | $61,821 | $54,793 |
| Gender Pay Gap | 13.9% | 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 Northglenn, 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 16% more than women's income in Northglenn, Colorado.
Income by Sex Over Time
The income gap between men and women in Northglenn, Colorado has stayed about the same since 2009, at around 14%.
Employment
| Metric | Northglenn | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.4% | 5.2% |
| Working from Home | 11.9% | 18.8% | 13.4% |
| Commute time (minutes) | 26 | 22 | 22 |
The average commute time in Northglenn is 26 minutes, longer than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Northglenn, Colorado has fallen from 11.3% to 4.8% in 2023.
Conclusion
Considering all these factors, Northglenn, 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 Northglenn, Colorado.
How Rich Is Northglenn, Colorado?
Northglenn 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 $79,491, about 15% lower than the Colorado average of $93,055.
What is the current median household income in Northglenn, Colorado?
As of 2023, the median household income in Northglenn, Colorado is $79,491.
What was the median household income in Northglenn in 2023?
In 2023, the median household income in Northglenn, Colorado was $79,491.
What was the median household income in Northglenn in 2020?
In 2020, the median household income in Northglenn, Colorado was $69,046.
What is the Gini coefficient in Northglenn, Colorado?
The Gini coefficient in Northglenn 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 Northglenn, Colorado?
The income gap between men and women in Northglenn, Colorado has stayed about the same since 2009, at around 14%.