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 | Meridian | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,518 | $74,676 | $78,145 |
| Median Personal Income | $65,260 | $54,802 | $61,726 |
| Average income growth | 6.7% | 6.2% | 5.1% |
| Six-Figure Earners | 15.3% | 9.8% | 13.2% |
The median household income in Meridian is about 31% higher than in Idaho. Income has been growing faster in Meridian (6.7%/yr) than in Idaho (6.2%/yr).
About 15% of adults in Meridian 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 Meridian, Idaho grew by 50.9% from 2009 to 2023, reaching $97,518 in 2023. That's an average of about 6.7% per year.
Economic Inequality in Meridian | Gender Pay Gap | Gini Coefficient
| Metric | Meridian | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.553 | 0.570 |
| Male Median Income | $77,867 | $61,839 | $67,746 |
| Female Median Income | $53,839 | $46,302 | $54,793 |
| Gender Pay Gap | 30.9% | 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 Meridian, it is 0.548, about the same as Idaho's 0.553, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 45% more than women's income in Meridian, Idaho. Over a 35-year career, a 45% wage gap accumulates to roughly $840,980 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Meridian, Idaho has narrowed from about 32% to 31% in 2023. In dollar terms, the gap has widened by $7,006 since 2009.
Employment
| Metric | Meridian | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 3.7% | 5.2% |
| Working from Home | 17.0% | 12.2% | 13.4% |
| Commute time (minutes) | 21 | 17 | 22 |
Approximately 1,380 people are unemployed in Meridian, Idaho.
The average commute time in Meridian is 21 minutes, longer than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Meridian, Idaho has fallen from 8.3% to 2.3% in 2023.
Conclusion
Considering all these factors, Meridian, Idaho has an overall wealth index grade of B, making it somewhat better than Idaho, and somewhat better than the country as a whole.
Meridian, ID Wealth Compared With Nearby Cities
How Meridian, ID compares with the 2 cities closest to it.
Frequently Asked Questions
Common questions about income and wealth in Meridian, Idaho.
How Rich Is Meridian, Idaho?
Meridian 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 $97,518, about 31% higher than the Idaho average of $74,676.
What is the current median household income in Meridian, Idaho?
As of 2023, the median household income in Meridian, Idaho is $97,518.
What was the median household income in Meridian in 2023?
In 2023, the median household income in Meridian, Idaho was $97,518.
What was the median household income in Meridian in 2020?
In 2020, the median household income in Meridian, Idaho was $76,632.
What is the Gini coefficient in Meridian, Idaho?
The Gini coefficient in Meridian is 0.548. 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 Meridian, Idaho?
Since 2009, the income gap between men and women in Meridian, Idaho has narrowed from about 32% to 31% in 2023. In dollar terms, the gap has widened by $7,006 since 2009.