Wealth Index
Wealthier than 72% of counties in Idaho
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 | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,478 | $74,676 | $78,145 |
| Median Personal Income | $61,238 | $54,802 | $61,726 |
| Average income growth | 5.5% | 6.2% | 5.1% |
| Six-Figure Earners | 9.8% | 9.8% | 13.2% |
The median household income in Bear Lake County is about 8% lower than in Idaho. Income has been growing slower in Bear Lake County (5.5%/yr) than in Idaho (6.2%/yr).
About 10% of adults in Bear Lake County earn six figures ($100,000 or more) a year, about the same as the Idaho average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bear Lake County, Idaho grew by 55.8% from 2009 to 2023, reaching $68,478 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Bear Lake County | Gender Pay Gap | Gini Coefficient
| Metric | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.553 | 0.570 |
| Male Median Income | $76,869 | $61,839 | $67,746 |
| Female Median Income | $37,134 | $46,302 | $54,793 |
| Gender Pay Gap | 51.7% | 25.1% | 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 Bear Lake County, it is 0.543, lower than Idaho's 0.553, 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 107% more than women's income in Bear Lake County, Idaho. Over a 35-year career, a 107% wage gap accumulates to roughly $1,390,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bear Lake County, Idaho has widened from about 28% to 52% in 2023. In dollar terms, the gap has widened by $28,132 since 2009.
Employment
| Metric | Bear Lake County | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 3.7% | 5.2% |
| Working from Home | 8.8% | 12.2% | 13.4% |
| Commute time (minutes) | 17 | 17 | 22 |
Approximately 75 people are unemployed in Bear Lake County, Idaho.
The average commute time in Bear Lake County is 17 minutes, about the same as in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bear Lake County, Idaho has fallen from 5.1% to 2.6% in 2023.
Conclusion
Considering all these factors, Bear Lake County, Idaho has an overall wealth index grade of C, making it about on par with Idaho, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bear Lake County, Idaho.
How Rich Is Bear Lake County, Idaho?
Bear Lake 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 $68,478, about 8% lower than the Idaho average of $74,676.
What is the current median household income in Bear Lake County, Idaho?
As of 2023, the median household income in Bear Lake County, Idaho is $68,478.
What was the median household income in Bear Lake County in 2023?
In 2023, the median household income in Bear Lake County, Idaho was $68,478.
What was the median household income in Bear Lake County in 2020?
In 2020, the median household income in Bear Lake County, Idaho was $55,000.
What is the Gini coefficient in Bear Lake County, Idaho?
The Gini coefficient in Bear Lake County is 0.543. 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 Bear Lake County, Idaho?
Since 2009, the income gap between men and women in Bear Lake County, Idaho has widened from about 28% to 52% in 2023. In dollar terms, the gap has widened by $28,132 since 2009.