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 | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,148 | $74,676 | $78,145 |
| Median Personal Income | $46,287 | $54,802 | $61,726 |
| Average income growth | 6.6% | 6.2% | 5.1% |
| Six-Figure Earners | 5.5% | 9.8% | 13.2% |
The median household income in Jerome County is about 7% lower than in Idaho. Income has been growing faster in Jerome County (6.6%/yr) than in Idaho (6.2%/yr).
About 6% of adults in Jerome 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 Jerome County, Idaho grew by 71.5% from 2009 to 2023, reaching $69,148 in 2023. That's an average of about 6.6% per year.
Economic Inequality in Jerome County | Gender Pay Gap | Gini Coefficient
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.553 | 0.570 |
| Male Median Income | $50,467 | $61,839 | $67,746 |
| Female Median Income | $34,657 | $46,302 | $54,793 |
| Gender Pay Gap | 31.3% | 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 Jerome County, it is 0.520, 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 46% more than women's income in Jerome County, Idaho. Over a 35-year career, a 46% wage gap accumulates to roughly $553,350 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Jerome County, Idaho has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $6,493 since 2009.
Employment
| Metric | Jerome County | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.7% | 5.2% |
| Working from Home | 4.9% | 12.2% | 13.4% |
| Commute time (minutes) | 17 | 17 | 22 |
Approximately 447 people are unemployed in Jerome County, Idaho.
The average commute time in Jerome County is 17 minutes, about the same as in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Jerome County, Idaho has fallen from 5.7% to 3.7% in 2023.
Conclusion
Considering all these factors, Jerome 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 Jerome County, Idaho.
How Rich Is Jerome County, Idaho?
Jerome 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 $69,148, about 7% lower than the Idaho average of $74,676.
What is the current median household income in Jerome County, Idaho?
As of 2023, the median household income in Jerome County, Idaho is $69,148.
What was the median household income in Jerome County in 2023?
In 2023, the median household income in Jerome County, Idaho was $69,148.
What was the median household income in Jerome County in 2020?
In 2020, the median household income in Jerome County, Idaho was $56,679.
What is the Gini coefficient in Jerome County, Idaho?
The Gini coefficient in Jerome County is 0.520. 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 Jerome County, Idaho?
Since 2009, the income gap between men and women in Jerome County, Idaho has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $6,493 since 2009.