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 | Caldwell | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,913 | $74,676 | $78,145 |
| Median Personal Income | $45,495 | $54,802 | $61,726 |
| Average income growth | 6.6% | 6.2% | 5.1% |
| Six-Figure Earners | 3.6% | 9.8% | 13.2% |
The median household income in Caldwell is about 13% lower than in Idaho. Income has been growing faster in Caldwell (6.6%/yr) than in Idaho (6.2%/yr).
About 4% of adults in Caldwell earn six figures ($100,000 or more) a year, lower than the Idaho average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Caldwell, Idaho grew by 78.5% from 2009 to 2023, reaching $64,913 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Caldwell | Gender Pay Gap | Gini Coefficient
| Metric | Caldwell | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.553 | 0.570 |
| Male Median Income | $50,536 | $61,839 | $67,746 |
| Female Median Income | $39,898 | $46,302 | $54,793 |
| Gender Pay Gap | 21.0% | 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 Caldwell, it is 0.526, 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 27% more than women's income in Caldwell, Idaho. Over a 35-year career, a 27% wage gap accumulates to roughly $372,330 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Caldwell, Idaho has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $3,641 since 2009.
Employment
| Metric | Caldwell | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.7% | 3.7% | 5.2% |
| Working from Home | 11.4% | 12.2% | 13.4% |
| Commute time (minutes) | 22 | 17 | 22 |
Approximately 1,040 people are unemployed in Caldwell, Idaho.
The average commute time in Caldwell is 22 minutes, longer than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Caldwell, Idaho has fallen from 11.9% to 4.7% in 2023.
Conclusion
Considering all these factors, Caldwell, Idaho has an overall wealth index grade of D, making it somewhat worse than Idaho, and somewhat worse than the country as a whole.
Caldwell, ID Wealth Compared With Nearby Cities
How Caldwell, ID compares with the 1 cities closest to it.
| Area | Population | Median household income | Unemployment | Income inequality |
|---|---|---|---|---|
| Caldwell, ID | 48,721 | $64,913 #2/2 | 4.7% #2/2 | 0.5 #2/2 |
| Nampa, ID | 96,268 | $70,043 | 3.1% | 0.5 |
Frequently Asked Questions
Common questions about income and wealth in Caldwell, Idaho.
How Rich Is Caldwell, Idaho?
Caldwell 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 $64,913, about 13% lower than the Idaho average of $74,676.
What is the current median household income in Caldwell, Idaho?
As of 2023, the median household income in Caldwell, Idaho is $64,913.
What was the median household income in Caldwell in 2023?
In 2023, the median household income in Caldwell, Idaho was $64,913.
What was the median household income in Caldwell in 2020?
In 2020, the median household income in Caldwell, Idaho was $53,469.
What is the Gini coefficient in Caldwell, Idaho?
The Gini coefficient in Caldwell is 0.526. 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 Caldwell, Idaho?
The income gap between men and women in Caldwell, Idaho has stayed about the same since 2009, at around 21%. In dollar terms, the gap has widened by $3,641 since 2009.