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 | Rio Blanco County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,301 | $93,055 | $78,145 |
| Median Personal Income | $53,769 | $69,173 | $61,726 |
| Average income growth | 3.1% | 5.8% | 5.1% |
| Six-Figure Earners | 9.9% | 17.0% | 13.2% |
The median household income in Rio Blanco County is about 23% lower than in Colorado. Income has been growing slower in Rio Blanco County (3.1%/yr) than in Colorado (5.8%/yr).
About 10% of adults in Rio Blanco County 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 Rio Blanco County, Colorado grew by 28.9% from 2009 to 2023, reaching $71,301 in 2023. That's an average of about 3.1% per year.
Economic Inequality in Rio Blanco County | Gender Pay Gap | Gini Coefficient
| Metric | Rio Blanco County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.547 | 0.570 |
| Male Median Income | $58,920 | $75,396 | $67,746 |
| Female Median Income | $42,837 | $61,821 | $54,793 |
| Gender Pay Gap | 27.3% | 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 Rio Blanco County, it is 0.561, 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 38% more than women's income in Rio Blanco County, Colorado. Over a 35-year career, a 38% wage gap accumulates to roughly $562,905 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rio Blanco County, Colorado has narrowed from about 41% to 27% in 2023. In dollar terms, the gap has narrowed by $4,637 since 2009.
Employment
| Metric | Rio Blanco County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 4.4% | 5.2% |
| Working from Home | 7.6% | 18.8% | 13.4% |
| Commute time (minutes) | 7 | 22 | 22 |
Approximately 131 people are unemployed in Rio Blanco County, Colorado.
The average commute time in Rio Blanco County is 7 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rio Blanco County, Colorado has fallen from 5.6% to 4.3% in 2023.
Conclusion
Considering all these factors, Rio Blanco 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 Rio Blanco County, Colorado.
How Rich Is Rio Blanco County, Colorado?
Rio Blanco 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 $71,301, about 23% lower than the Colorado average of $93,055.
What is the current median household income in Rio Blanco County, Colorado?
As of 2023, the median household income in Rio Blanco County, Colorado is $71,301.
What was the median household income in Rio Blanco County in 2023?
In 2023, the median household income in Rio Blanco County, Colorado was $71,301.
What was the median household income in Rio Blanco County in 2020?
In 2020, the median household income in Rio Blanco County, Colorado was $54,432.
What is the Gini coefficient in Rio Blanco County, Colorado?
The Gini coefficient in Rio Blanco County is 0.561. 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 Rio Blanco County, Colorado?
Since 2009, the income gap between men and women in Rio Blanco County, Colorado has narrowed from about 41% to 27% in 2023. In dollar terms, the gap has narrowed by $4,637 since 2009.