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 | Power County | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,625 | $74,676 | $78,145 |
| Median Personal Income | $43,152 | $54,802 | $61,726 |
| Average income growth | 3.5% | 6.2% | 5.1% |
| Six-Figure Earners | 5.0% | 9.8% | 13.2% |
The median household income in Power County is about 20% lower than in Idaho. Income has been growing slower in Power County (3.5%/yr) than in Idaho (6.2%/yr).
About 5% of adults in Power 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 Power County, Idaho grew by 55.6% from 2009 to 2023, reaching $59,625 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Power County | Gender Pay Gap | Gini Coefficient
| Metric | Power County | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.516 | 0.553 | 0.570 |
| Male Median Income | $47,808 | $61,839 | $67,746 |
| Female Median Income | $34,277 | $46,302 | $54,793 |
| Gender Pay Gap | 28.3% | 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 Power County, it is 0.516, 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 39% more than women's income in Power County, Idaho. Over a 35-year career, a 39% wage gap accumulates to roughly $473,585 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Power County, Idaho has widened from about 24% to 28% in 2023. In dollar terms, the gap has widened by $4,091 since 2009.
Employment
| Metric | Power County | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 3.7% | 5.2% |
| Working from Home | 7.4% | 12.2% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 231 people are unemployed in Power County, Idaho.
The average commute time in Power County is 13 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Power County, Idaho has fallen from 7.8% to 5.9% in 2023.
Conclusion
Considering all these factors, Power 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 Power County, Idaho.
How Rich Is Power County, Idaho?
Power 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 $59,625, about 20% lower than the Idaho average of $74,676.
What is the current median household income in Power County, Idaho?
As of 2023, the median household income in Power County, Idaho is $59,625.
What was the median household income in Power County in 2023?
In 2023, the median household income in Power County, Idaho was $59,625.
What was the median household income in Power County in 2020?
In 2020, the median household income in Power County, Idaho was $51,024.
What is the Gini coefficient in Power County, Idaho?
The Gini coefficient in Power County is 0.516. 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 Power County, Idaho?
Since 2009, the income gap between men and women in Power County, Idaho has widened from about 24% to 28% in 2023. In dollar terms, the gap has widened by $4,091 since 2009.