Wheat Ridge, Colorado Income Statistics
Wheat Ridge Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Wheat Ridge Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wheat Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,776 | $95,803 | $80,455 |
| Median Personal Income | $67,651 | $68,113 | $60,758 |
| Average Yearly Income Growth | 7.6% | 5.4% | 4.8% |
| Six-Figure Earners | 19.6% | 18.1% | 13.9% |
| $200k+ Households | 14.3% | 17.0% | 13.2% |
The median household income in Wheat Ridge is about 6% lower than in Colorado. Income has been growing faster in Wheat Ridge (7.6%/yr) than in Colorado (5.4%/yr).
About 20% of adults in Wheat Ridge 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 Wheat Ridge, Colorado grew by 98.5% from 2009 to 2024, reaching $89,776 in 2024. That's an average of about 7.6% per year.
Wheat Ridge started 12% below the U.S. median household income in 2009 but had overtaken it by 2020, and has not been below it since. In 2024 its income was 12% higher.
Income Distribution in Wheat Ridge
How incomes are spread across brackets, compared with the U.S. Pick a range to count who falls in it.
Households by income, 2024
Income range calculator
About 7,205 households (45.2% of all households) have an income of $100,000 or more.
Across the U.S.: 40.2% of all households.
In 2024, 20.7% of households in Wheat Ridge had an income under $35,000 and 27.0% had $150,000 or more. Across the U.S., those shares were 21.6% and 22.8%.
Compared with the U.S., Wheat Ridge has a larger share of households earning $150,000 to $199,999 (12.7% vs 9.5%) and a smaller share earning $50,000 to $74,999 (12.9% vs 15.5%).
| Household income | Households | Share | U.S. share |
|---|---|---|---|
| Under $10,000 | 887 | 5.6% | 5.1% |
| $10,000 to $14,999 | 661 | 4.1% | 3.5% |
| $15,000 to $24,999 | 825 | 5.2% | 6.4% |
| $25,000 to $34,999 | 923 | 5.8% | 6.7% |
| $35,000 to $49,999 | 1,508 | 9.5% | 10.1% |
| $50,000 to $74,999 | 2,059 | 12.9% | 15.5% |
| $75,000 to $99,999 | 1,878 | 11.8% | 12.6% |
| $100,000 to $149,999 | 2,906 | 18.2% | 17.4% |
| $150,000 to $199,999 | 2,022 | 12.7% | 9.5% |
| $200,000 or more | 2,278 | 14.3% | 13.2% |
Shares are of all 15,947 households, one per occupied home whatever its size. Households with zero or negative income are counted in the lowest bracket. Source: ACS 5-year estimates ending 2024 (table B19001).
Residents 15+ by personal income, 2024
Income range calculator
About 5,806 residents (19.6% of residents aged 15 and over) have a personal income of $100,000 or more.
Across the U.S.: 13.9% of residents aged 15 and over.
That is 21.4% of residents who have any income.
In 2024, 8.1% of Wheat Ridge residents aged 15 and over reported no personal income, 23.4% had some income but less than $25,000, and 30.3% had $75,000 or more. Across the U.S., those shares were 12.8%, 28.7% and 22.0%.
Compared with the U.S., Wheat Ridge has a larger share of residents earning $100,000 or more (19.6% vs 13.9%) and a smaller share with no personal income (8.1% vs 12.8%).
| Personal income | Residents | Share | U.S. share |
|---|---|---|---|
| No income | 2,406 | 8.1% | 12.8% |
| $1 to $9,999 | 2,461 | 8.3% | 11.2% |
| $10,000 to $14,999 | 1,688 | 5.7% | 7.0% |
| $15,000 to $24,999 | 2,771 | 9.4% | 10.5% |
| $25,000 to $34,999 | 2,740 | 9.3% | 9.5% |
| $35,000 to $49,999 | 4,091 | 13.8% | 12.6% |
| $50,000 to $74,999 | 4,474 | 15.1% | 14.3% |
| $75,000 to $99,999 | 3,150 | 10.6% | 8.2% |
| $100,000 or more | 5,806 | 19.6% | 13.9% |
Shares are of the 29,585 residents aged 15 and over, the only people the Census Bureau asks about income, and include those who reported none. A share of the whole population would count children as people without income, while a share of earners alone would hide the 8.1% with no income; the calculator adds that second share whenever your range leaves out people with no income. Source: ACS 5-year estimates ending 2024 (table B19325).
Income Inequality and the Gender Pay Gap in Wheat Ridge
| Metric | Wheat Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.501 | 0.524 | 0.552 |
| Male Median Income | $83,146 | $78,863 | $69,667 |
| Female Median Income | $67,152 | $64,818 | $56,850 |
| Gender Pay Gap | 19.2% | 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 Wheat Ridge, it is 0.501, 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 24% more than women's income in Wheat Ridge, Colorado. Over a 35-year career, a 24% wage gap accumulates to roughly $559,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wheat Ridge, Colorado has widened from about 18% to 19% in 2024. Over that period the gap was widest at 24% in 2022, and was narrowest at 10% in 2016. In dollar terms, the gap has widened by $7,955 since 2009.
Sharply against the trend: the pay gap in Wheat Ridge widened by 1.7 points while Colorado's narrowed by 3.6 points.
Employment
| Metric | Wheat Ridge | Colorado Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.6% | 5.2% |
| Working from Home | 21.8% | 21.0% | 15.0% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 1,141 people are unemployed in Wheat Ridge, Colorado.
The average commute time in Wheat Ridge is 21 minutes, shorter than the 22 minutes in Colorado.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wheat Ridge, Colorado has fallen from 8.5% to 5.4% in 2024. Over that period the rate peaked at 9.1% in 2013 and fell as low as 4.0% in 2019.
Wheat Ridge stayed below the U.S. unemployment rate from 2011 to 2023, starting 0.2 points lower, and rose above it in the latest figures (2024), at 0.2 points higher.
Conclusion
Considering all these factors, Wheat Ridge, Colorado has an overall wealth index grade of B, making it about on par with Colorado, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wheat Ridge, Colorado.
How Rich Is Wheat Ridge, Colorado?
Wheat Ridge 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 $89,776, about 6% lower than the Colorado average of $95,803.
How fast is household income rising in Wheat Ridge, Colorado?
Between 2009 and 2024, the median household income in Wheat Ridge, Colorado rose 99%, from $45,217 to $89,776. Over the same years, income here outpaced Colorado as a whole: +99% against +70%.
What was the median household income in Wheat Ridge in 2023?
In 2023, the median household income in Wheat Ridge, Colorado was $88,507, up 6% from $83,250 in 2022. The Colorado median that year was $93,071.
What was the median household income in Wheat Ridge in 2020?
In 2020, the median household income in Wheat Ridge, Colorado was $65,082. By 2024 it had risen 38% to $89,776.
What is the Gini coefficient in Wheat Ridge, Colorado?
The Gini coefficient in Wheat Ridge is 0.501. 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 Wheat Ridge, Colorado?
Since 2009, the income gap between men and women in Wheat Ridge, Colorado has widened from about 18% to 19% in 2024. Over that period the gap was widest at 24% in 2022, and was narrowest at 10% in 2016. In dollar terms, the gap has widened by $7,955 since 2009.
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