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 | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $53,497 | $74,676 | $78,145 |
| Median Personal Income | $48,599 | $54,802 | $61,726 |
| Average income growth | 4.9% | 6.2% | 5.1% |
| Six-Figure Earners | 5.8% | 9.8% | 13.2% |
The median household income in Pocatello is about 28% lower than in Idaho. Income has been growing slower in Pocatello (4.9%/yr) than in Idaho (6.2%/yr).
About 6% of adults in Pocatello 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 Pocatello, Idaho grew by 42.0% from 2009 to 2023, reaching $53,497 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Pocatello | Gender Pay Gap | Gini Coefficient
| Metric | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.563 | 0.553 | 0.570 |
| Male Median Income | $53,102 | $61,839 | $67,746 |
| Female Median Income | $44,124 | $46,302 | $54,793 |
| Gender Pay Gap | 16.9% | 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 Pocatello, it is 0.563, 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 20% more than women's income in Pocatello, Idaho. Over a 35-year career, a 20% wage gap accumulates to roughly $314,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pocatello, Idaho has narrowed from about 32% to 17% in 2023. In dollar terms, the gap has narrowed by $3,258 since 2009.
Employment
| Metric | Pocatello | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 3.7% | 5.2% |
| Working from Home | 10.3% | 12.2% | 13.4% |
| Commute time (minutes) | 12 | 17 | 22 |
Approximately 1,204 people are unemployed in Pocatello, Idaho.
The average commute time in Pocatello is 12 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pocatello, Idaho has fallen from 8.0% to 5.3% in 2023.
Conclusion
Considering all these factors, Pocatello, Idaho has an overall wealth index grade of D, making it somewhat worse than Idaho, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pocatello, Idaho.
How Rich Is Pocatello, Idaho?
Pocatello 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 $53,497, about 28% lower than the Idaho average of $74,676.
What is the current median household income in Pocatello, Idaho?
As of 2023, the median household income in Pocatello, Idaho is $53,497.
What was the median household income in Pocatello in 2023?
In 2023, the median household income in Pocatello, Idaho was $53,497.
What was the median household income in Pocatello in 2020?
In 2020, the median household income in Pocatello, Idaho was $43,967.
What is the Gini coefficient in Pocatello, Idaho?
The Gini coefficient in Pocatello is 0.563. 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 Pocatello, Idaho?
Since 2009, the income gap between men and women in Pocatello, Idaho has narrowed from about 32% to 17% in 2023. In dollar terms, the gap has narrowed by $3,258 since 2009.