Summit County, Colorado Income Statistics
Summit 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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B
Summit County Around averageWealthier than 87% of counties in Colorado
Source: Map AI Methodology
Income Statistics Overview
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,746 | $95,803 | $80,455 |
| Median Personal Income | $57,378 | $68,113 | $60,758 |
| Average Yearly Income Growth | 6.5% | 5.4% | 4.8% |
| Six-Figure Earners | 20.6% | 18.1% | 13.9% |
| $200k+ Households | 24.4% | 17.0% | 13.2% |
The median household income in Summit County is about 17% higher than in Colorado. Income has been growing faster in Summit County (6.5%/yr) than in Colorado (5.4%/yr).
About 21% of adults in Summit County earn six figures ($100,000 or more) a year, higher than the Colorado average of 18%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Summit County, Colorado grew by 65.6% from 2009 to 2024, reaching $111,746 in 2024. That's an average of about 6.5% per year.
Income Inequality and the Gender Pay Gap in Summit County
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.470 | 0.524 | 0.552 |
| Male Median Income | $64,907 | $78,863 | $69,667 |
| Female Median Income | $63,051 | $64,818 | $56,850 |
| Gender Pay Gap | 2.9% | 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 Summit County, it is 0.470, lower than Colorado's 0.524, so income is more 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 3% more than women's income in Summit County, Colorado. Over a 35-year career, a 3% wage gap accumulates to roughly $64,960 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Summit County, Colorado has narrowed from about 22% to 3% in 2024. Over that period the gap was widest at 22% in 2010, and in 2017 women out-earned men by 5%. In dollar terms, the gap has narrowed by $8,193 since 2009.
Employment
| Metric | Summit County | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.6% | 5.2% |
| Working from Home | 23.7% | 21.0% | 15.0% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 1,002 people are unemployed in Summit County, Colorado.
The average commute time in Summit County is 17 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Summit County, Colorado has fallen from 6.3% to 5.0% in 2024. Over that period the rate fell as low as 3.1% in 2020.
Summit County, CO Wealth Compared With Nearby Counties
Summit County, CO is the 2nd largest of the 6 counties compared here, 31,017 residents against a local median of 9,259. The measure that sets Summit County, CO apart most is income growth: 6.5%/yr, 40% above the local median of 4.6%/yr. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 5.0% against a local median of 4.1%, 21% above it. The picture is mixed rather than uniform: income growth runs ahead of the neighbourhood while unemployment runs behind it, so Summit County, CO is trading one against the other rather than simply out-performing what surrounds it. The counties themselves spread 5.6%/yr on income growth, so Summit County, CO sits at one end of an already wide local range rather than apart from it. Summit County, CO has the 2nd highest income growth of the 6 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. |
|---|---|---|---|---|---|
| Summit County, CO | 31,017 | $111,746 #1/6 | 6.5%/yr #2/6 | 5.0% #6/6 | 0.470 #2/6 |
| Grand County, CO | 15,895 | $89,810 | 4.0%/yr | 4.1% | 0.469 |
| Clear Creek County, CO | 9,259 | $96,277 | 4.6%/yr | 4.8% | 0.490 |
| Lake County, CO | 7,380 | $95,046 | 9.0%/yr | 2.2% | 0.480 |
| Eagle County, CO | 55,135 | $104,738 | 3.5%/yr | 4.7% | 0.496 |
| Gilpin County, CO | 5,901 | $96,259 | 5.3%/yr | 3.1% | 0.491 |
Conclusion
Considering all these factors, Summit County, Colorado has an overall wealth index grade of B, making it somewhat better than Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Summit County, Colorado.
How Rich Is Summit County, Colorado?
Summit County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $111,746, about 17% higher than the Colorado average of $95,803.
How has median household income changed in Summit County, Colorado?
Between 2009 and 2024, the median household income in Summit County, Colorado rose 66%, from $67,493 to $111,746. Over the same years, income here lagged behind Colorado as a whole: +66% against +70%.
What was the median household income in Summit County in 2023?
In 2023, the median household income in Summit County, Colorado was $106,179, up 5% from $100,730 in 2022. The Colorado median that year was $93,071.
What was the median household income in Summit County in 2020?
In 2020, the median household income in Summit County, Colorado was $81,480. By 2024 it had risen 37% to $111,746.
What is the Gini coefficient in Summit County, Colorado?
The Gini coefficient in Summit County is 0.470. 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 Summit County, Colorado?
Since 2009, the income gap between men and women in Summit County, Colorado has narrowed from about 22% to 3% in 2024. Over that period the gap was widest at 22% in 2010, and in 2017 women out-earned men by 5%. In dollar terms, the gap has narrowed by $8,193 since 2009.
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