Wealth Index
Less wealthy than 81% of counties in Colorado
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 | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,847 | $93,055 | $78,145 |
| Median Personal Income | $51,111 | $69,173 | $61,726 |
| Average income growth | 7.3% | 5.8% | 5.1% |
| Six-Figure Earners | 7.0% | 17.0% | 13.2% |
The median household income in Saguache County is about 42% lower than in Colorado. Income has been growing faster in Saguache County (7.3%/yr) than in Colorado (5.8%/yr).
About 7% of adults in Saguache 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 Saguache County, Colorado grew by 81.5% from 2009 to 2023, reaching $53,847 in 2023. That's an average of about 7.3% per year.
Economic Inequality in Saguache County | Gender Pay Gap | Gini Coefficient
| Metric | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.547 | 0.570 |
| Male Median Income | $54,145 | $75,396 | $67,746 |
| Female Median Income | $39,235 | $61,821 | $54,793 |
| Gender Pay Gap | 27.5% | 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 Saguache County, it is 0.529, 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 38% more than women's income in Saguache County, Colorado. Over a 35-year career, a 38% wage gap accumulates to roughly $521,850 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Saguache County, Colorado has widened from about 8% to 28% in 2023. In dollar terms, the gap has widened by $12,556 since 2009.
Employment
| Metric | Saguache County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.9% | 4.4% | 5.2% |
| Working from Home | 11.0% | 18.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 248 people are unemployed in Saguache County, Colorado.
The average commute time in Saguache County is 16 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saguache County, Colorado has fallen from 12.5% to 7.9% in 2023.
Conclusion
Considering all these factors, Saguache County, 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 Saguache County, Colorado.
How Rich Is Saguache County, Colorado?
Saguache County 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 $53,847, about 42% lower than the Colorado average of $93,055.
What is the current median household income in Saguache County, Colorado?
As of 2023, the median household income in Saguache County, Colorado is $53,847.
What was the median household income in Saguache County in 2023?
In 2023, the median household income in Saguache County, Colorado was $53,847.
What was the median household income in Saguache County in 2020?
In 2020, the median household income in Saguache County, Colorado was $45,195.
What is the Gini coefficient in Saguache County, Colorado?
The Gini coefficient in Saguache County is 0.529. 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 Saguache County, Colorado?
Since 2009, the income gap between men and women in Saguache County, Colorado has widened from about 8% to 28% in 2023. In dollar terms, the gap has widened by $12,556 since 2009.