Wealth Index
Wealthier than 77% 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 | Caribou County | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $65,463 | $74,676 | $78,145 |
| Median Personal Income | $59,162 | $54,802 | $61,726 |
| Average income growth | 1.8% | 6.2% | 5.1% |
| Six-Figure Earners | 7.2% | 9.8% | 13.2% |
The median household income in Caribou County is about 12% lower than in Idaho. Income has been growing slower in Caribou County (1.8%/yr) than in Idaho (6.2%/yr).
About 7% of adults in Caribou County 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 Caribou County, Idaho grew by 49.2% from 2009 to 2023, reaching $65,463 in 2023. That's an average of about 1.8% per year.
Economic Inequality in Caribou County | Gender Pay Gap | Gini Coefficient
| Metric | Caribou County | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.576 | 0.553 | 0.570 |
| Male Median Income | $66,413 | $61,839 | $67,746 |
| Female Median Income | $44,465 | $46,302 | $54,793 |
| Gender Pay Gap | 33.0% | 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 Caribou County, it is 0.576, higher than Idaho's 0.553, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 49% more than women's income in Caribou County, Idaho. Over a 35-year career, a 49% wage gap accumulates to roughly $768,180 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Caribou County, Idaho has narrowed from about 52% to 33% in 2023. In dollar terms, the gap has narrowed by $1,199 since 2009.
Employment
| Metric | Caribou County | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.7% | 5.2% |
| Working from Home | 4.9% | 12.2% | 13.4% |
| Commute time (minutes) | 16 | 17 | 22 |
Approximately 99 people are unemployed in Caribou County, Idaho.
The average commute time in Caribou County is 16 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Caribou County, Idaho has fallen from 4.0% to 2.9% in 2023.
Conclusion
Considering all these factors, Caribou County, Idaho has an overall wealth index grade of C, making it somewhat better than Idaho, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Caribou County, Idaho.
How Rich Is Caribou County, Idaho?
Caribou 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 $65,463, about 12% lower than the Idaho average of $74,676.
What is the current median household income in Caribou County, Idaho?
As of 2023, the median household income in Caribou County, Idaho is $65,463.
What was the median household income in Caribou County in 2023?
In 2023, the median household income in Caribou County, Idaho was $65,463.
What was the median household income in Caribou County in 2020?
In 2020, the median household income in Caribou County, Idaho was $57,787.
What is the Gini coefficient in Caribou County, Idaho?
The Gini coefficient in Caribou County is 0.576. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Caribou County, Idaho?
Since 2009, the income gap between men and women in Caribou County, Idaho has narrowed from about 52% to 33% in 2023. In dollar terms, the gap has narrowed by $1,199 since 2009.