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 | Boise City | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,500 | $74,676 | $78,145 |
| Median Personal Income | $60,744 | $54,802 | $61,726 |
| Average income growth | 6.6% | 6.2% | 5.1% |
| Six-Figure Earners | 12.6% | 9.8% | 13.2% |
The median household income in Boise City is about 6% higher than in Idaho. Income has been growing faster in Boise City (6.6%/yr) than in Idaho (6.2%/yr).
About 13% of adults in Boise City earn six figures ($100,000 or more) a year, higher than the Idaho average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Boise City, Idaho grew by 65.0% from 2009 to 2023, reaching $79,500 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Boise City | Gender Pay Gap | Gini Coefficient
| Metric | Boise City | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.553 | 0.570 |
| Male Median Income | $64,961 | $61,839 | $67,746 |
| Female Median Income | $54,578 | $46,302 | $54,793 |
| Gender Pay Gap | 16.0% | 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 Boise City, it is 0.540, 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 19% more than women's income in Boise City, Idaho. Over a 35-year career, a 19% wage gap accumulates to roughly $363,405 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boise City, Idaho has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $1,535 since 2009.
Employment
| Metric | Boise City | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 3.7% | 5.2% |
| Working from Home | 15.5% | 12.2% | 13.4% |
| Commute time (minutes) | 17 | 17 | 22 |
Approximately 4,994 people are unemployed in Boise City, Idaho.
The average commute time in Boise City is 17 minutes, about the same as in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boise City, Idaho has fallen from 7.9% to 3.9% in 2023.
Conclusion
Considering all these factors, Boise City, Idaho has an overall wealth index grade of B, making it somewhat better than Idaho, and somewhat better than the country as a whole.
Boise City, ID Wealth Compared With Nearby Cities
How Boise City, ID compares with the 1 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Boise City, ID | 220,959 | $79,500 #2/2 | 3.9% #2/2 | 0.5 #1/2 |
| Meridian, ID | 116,470 | $97,518 | 2.3% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Boise City, Idaho.
How Rich Is Boise City, Idaho?
Boise City 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 $79,500, about 6% higher than the Idaho average of $74,676.
What is the current median household income in Boise City, Idaho?
As of 2023, the median household income in Boise City, Idaho is $79,500.
What was the median household income in Boise City in 2023?
In 2023, the median household income in Boise City, Idaho was $79,500.
What was the median household income in Boise City in 2020?
In 2020, the median household income in Boise City, Idaho was $61,516.
What is the Gini coefficient in Boise City, Idaho?
The Gini coefficient in Boise City is 0.540. 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 Boise City, Idaho?
Since 2009, the income gap between men and women in Boise City, Idaho has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $1,535 since 2009.