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 | Idaho Falls | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $64,659 | $74,676 | $78,145 |
| Median Personal Income | $45,963 | $54,802 | $61,726 |
| Average income growth | 5.4% | 6.2% | 5.1% |
| Six-Figure Earners | 8.6% | 9.8% | 13.2% |
The median household income in Idaho Falls is about 13% lower than in Idaho. Income has been growing slower in Idaho Falls (5.4%/yr) than in Idaho (6.2%/yr).
About 9% of adults in Idaho Falls 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 Idaho Falls, Idaho grew by 51.9% from 2009 to 2023, reaching $64,659 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Idaho Falls | Gender Pay Gap | Gini Coefficient
| Metric | Idaho Falls | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.558 | 0.553 | 0.570 |
| Male Median Income | $54,238 | $61,839 | $67,746 |
| Female Median Income | $38,332 | $46,302 | $54,793 |
| Gender Pay Gap | 29.3% | 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 Idaho Falls, it is 0.558, higher than Idaho's 0.553, so income is less 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 41% more than women's income in Idaho Falls, Idaho. Over a 35-year career, a 41% wage gap accumulates to roughly $556,710 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Idaho Falls, Idaho has narrowed from about 33% to 29% in 2023. In dollar terms, the gap has widened by $1,890 since 2009.
Employment
| Metric | Idaho Falls | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 3.7% | 5.2% |
| Working from Home | 7.9% | 12.2% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 1,186 people are unemployed in Idaho Falls, Idaho.
The average commute time in Idaho Falls is 13 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Idaho Falls, Idaho has fallen from 6.7% to 4.5% in 2023.
Conclusion
Considering all these factors, Idaho Falls, 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 Idaho Falls, Idaho.
How Wealthy Is Idaho Falls, Idaho?
Idaho Falls 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 $64,659, about 13% lower than the Idaho average of $74,676.
What is the current median household income in Idaho Falls, Idaho?
As of 2023, the median household income in Idaho Falls, Idaho is $64,659.
What was the median household income in Idaho Falls in 2023?
In 2023, the median household income in Idaho Falls, Idaho was $64,659.
What was the median household income in Idaho Falls in 2020?
In 2020, the median household income in Idaho Falls, Idaho was $53,725.
What is the Gini coefficient in Idaho Falls, Idaho?
The Gini coefficient in Idaho Falls is 0.558. 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 Idaho Falls, Idaho?
Since 2009, the income gap between men and women in Idaho Falls, Idaho has narrowed from about 33% to 29% in 2023. In dollar terms, the gap has widened by $1,890 since 2009.