Phillips County, Colorado Income Statistics
Phillips 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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C
Phillips County Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Phillips County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,232 | $95,803 | $80,455 |
| Median Personal Income | $54,846 | $68,113 | $60,758 |
| Average Yearly Income Growth | 4.2% | 5.4% | 4.8% |
| Six-Figure Earners | 14.2% | 18.1% | 13.9% |
| $200k+ Households | 13.9% | 17.0% | 13.2% |
The median household income in Phillips County is about 32% lower than in Colorado. Income has been growing slower in Phillips County (4.2%/yr) than in Colorado (5.4%/yr).
About 14% of adults in Phillips 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 Phillips County, Colorado grew by 63.9% from 2009 to 2024, reaching $65,232 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Phillips County
| Metric | Phillips County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.524 | 0.552 |
| Male Median Income | $65,964 | $78,863 | $69,667 |
| Female Median Income | $55,686 | $64,818 | $56,850 |
| Gender Pay Gap | 15.6% | 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 Phillips County, it is 0.534, higher than Colorado's 0.524, so income is less 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 18% more than women's income in Phillips County, Colorado. Over a 35-year career, a 18% wage gap accumulates to roughly $359,730 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Phillips County, Colorado has narrowed from about 34% to 16% in 2024. In dollar terms, the gap has narrowed by $2,203 since 2009.
Employment
| Metric | Phillips County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 4.6% | 5.2% |
| Working from Home | 10.9% | 21.0% | 15.0% |
| Commute time (minutes) | 11 | 22 | 22 |
Approximately 66 people are unemployed in Phillips County, Colorado.
The average commute time in Phillips County is 11 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Phillips County, Colorado has fallen from 4.8% to 2.9% in 2024. Over that period the rate peaked at 6.3% in 2013 and fell as low as 1.0% in 2020.
Phillips County, CO Wealth Compared With Nearby Counties
Phillips County, CO is the 2nd largest of the 5 counties compared here, 4,496 residents against a local median of 3,246. Where Phillips County, CO breaks from the counties next to it is unemployment, sitting 71% above the local median of 1.7% at 2.9%. That is the weaker end of the local range on this measure.
Income growth tells the same story from another angle: 4.2%/yr against a local median of 3.4%/yr, 21% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Phillips County, CO is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 3.1% on unemployment, so Phillips County, CO sits at one end of an already wide local range rather than apart from it. Phillips County, CO has the 4th lowest unemployment of the 5 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. |
|---|---|---|---|---|---|
| Phillips County, CO | 4,496 | $65,232 #4/5 | 4.2%/yr #2/5 | 2.9% #4/5 | 0.534 #5/5 |
| Deuel County, NE | 1,847 | $69,072 | 3.7%/yr | 1.4% | 0.515 |
| Yuma County, CO | 9,979 | $61,459 | 4.8%/yr | 4.5% | 0.528 |
| Chase County, NE | 3,671 | $67,957 | 3.0%/yr | 1.9% | 0.496 |
| Perkins County, NE | 2,821 | $71,390 | 3.1%/yr | 1.5% | 0.473 |
Conclusion
Considering all these factors, Phillips 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 Phillips County, Colorado.
How Rich Is Phillips County, Colorado?
Phillips 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 $65,232, about 32% lower than the Colorado average of $95,803.
How has median household income changed in Phillips County, Colorado?
Between 2009 and 2024, the median household income in Phillips County, Colorado rose 64%, from $39,804 to $65,232. Over the same years, income here lagged behind Colorado as a whole: +64% against +70%.
What was the median household income in Phillips County in 2023?
In 2023, the median household income in Phillips County, Colorado was $60,655, up 5% from $57,637 in 2022. The Colorado median that year was $93,071.
What was the median household income in Phillips County in 2020?
In 2020, the median household income in Phillips County, Colorado was $50,923. By 2024 it had risen 28% to $65,232.
Is unemployment high in Phillips County, Colorado?
Unemployment in Phillips County, Colorado is only 2.9%, well below the Colorado rate of 4.6%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Phillips County, Colorado?
The Gini coefficient in Phillips County is 0.534. 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 Phillips County, Colorado?
Since 2009, the income gap between men and women in Phillips County, Colorado has narrowed from about 34% to 16% in 2024. In dollar terms, the gap has narrowed by $2,203 since 2009.
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