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 | Pueblo | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,531 | $93,055 | $78,145 |
| Median Personal Income | $51,624 | $69,173 | $61,726 |
| Average income growth | 6.3% | 5.8% | 5.1% |
| Six-Figure Earners | 5.7% | 17.0% | 13.2% |
The median household income in Pueblo is about 42% lower than in Colorado. Income has been growing faster in Pueblo (6.3%/yr) than in Colorado (5.8%/yr).
About 6% of adults in Pueblo earn six figures ($100,000 or more) a year, lower than the Colorado average of 17%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Pueblo, Colorado grew by 61.7% from 2009 to 2023, reaching $53,531 in 2023. That's an average of about 6.3% per year.
Economic Inequality in Pueblo | Gender Pay Gap | Gini Coefficient
| Metric | Pueblo | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.547 | 0.570 |
| Male Median Income | $56,669 | $75,396 | $67,746 |
| Female Median Income | $46,915 | $61,821 | $54,793 |
| Gender Pay Gap | 17.2% | 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 Pueblo, it is 0.556, higher than Colorado's 0.547, so income is less 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 21% more than women's income in Pueblo, Colorado. Over a 35-year career, a 21% wage gap accumulates to roughly $341,390 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Pueblo, Colorado has stayed about the same since 2009, at around 17%. In dollar terms, the gap has widened by $3,372 since 2009.
Employment
| Metric | Pueblo | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 4.4% | 5.2% |
| Working from Home | 6.5% | 18.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 2,689 people are unemployed in Pueblo, Colorado.
The average commute time in Pueblo is 16 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pueblo, Colorado has fallen from 12.2% to 6.0% in 2023.
Conclusion
Considering all these factors, Pueblo, Colorado has an overall wealth index grade of D, making it somewhat worse than Colorado, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pueblo, Colorado.
How Rich Is Pueblo, Colorado?
Pueblo has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $53,531, about 42% lower than the Colorado average of $93,055.
What is the current median household income in Pueblo, Colorado?
As of 2023, the median household income in Pueblo, Colorado is $53,531.
What was the median household income in Pueblo in 2023?
In 2023, the median household income in Pueblo, Colorado was $53,531.
What was the median household income in Pueblo in 2020?
In 2020, the median household income in Pueblo, Colorado was $42,276.
What is the Gini coefficient in Pueblo, Colorado?
The Gini coefficient in Pueblo is 0.556. 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 Pueblo, Colorado?
The income gap between men and women in Pueblo, Colorado has stayed about the same since 2009, at around 17%. In dollar terms, the gap has widened by $3,372 since 2009.