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 | Rexburg | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,861 | $74,676 | $78,145 |
| Median Personal Income | $33,895 | $54,802 | $61,726 |
| Average income growth | 11.3% | 6.2% | 5.1% |
| Six-Figure Earners | 2.9% | 9.8% | 13.2% |
The median household income in Rexburg is about 35% lower than in Idaho. Income has been growing faster in Rexburg (11.3%/yr) than in Idaho (6.2%/yr).
About 3% of adults in Rexburg 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 Rexburg, Idaho grew by 82.4% from 2009 to 2023, reaching $48,861 in 2023. That's an average of about 11.3% per year.
Economic Inequality in Rexburg | Gender Pay Gap | Gini Coefficient
| Metric | Rexburg | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.618 | 0.553 | 0.570 |
| Male Median Income | $42,890 | $61,839 | $67,746 |
| Female Median Income | $21,614 | $46,302 | $54,793 |
| Gender Pay Gap | 49.6% | 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 Rexburg, it is 0.618, higher than Idaho's 0.553, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 98% more than women's income in Rexburg, Idaho. Over a 35-year career, a 98% wage gap accumulates to roughly $744,660 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rexburg, Idaho has narrowed from about 53% to 50% in 2023. In dollar terms, the gap has widened by $3,480 since 2009.
Employment
| Metric | Rexburg | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.2% | 3.7% | 5.2% |
| Working from Home | 13.0% | 12.2% | 13.4% |
| Commute time (minutes) | 10 | 17 | 22 |
Approximately 1,812 people are unemployed in Rexburg, Idaho.
The average commute time in Rexburg is 10 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rexburg, Idaho has fallen from 10.1% to 9.2% in 2023.
Conclusion
Considering all these factors, Rexburg, Idaho has an overall wealth index grade of F, making it worse than Idaho, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Rexburg, Idaho.
How Rich Is Rexburg, Idaho?
Rexburg has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $48,861, about 35% lower than the Idaho average of $74,676.
What is the current median household income in Rexburg, Idaho?
As of 2023, the median household income in Rexburg, Idaho is $48,861.
What was the median household income in Rexburg in 2023?
In 2023, the median household income in Rexburg, Idaho was $48,861.
What was the median household income in Rexburg in 2020?
In 2020, the median household income in Rexburg, Idaho was $32,398.
What is the Gini coefficient in Rexburg, Idaho?
The Gini coefficient in Rexburg is 0.618. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Rexburg, Idaho?
Since 2009, the income gap between men and women in Rexburg, Idaho has narrowed from about 53% to 50% in 2023. In dollar terms, the gap has widened by $3,480 since 2009.