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 | Twin Falls | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,288 | $74,676 | $78,145 |
| Median Personal Income | $49,486 | $54,802 | $61,726 |
| Average income growth | 4.9% | 6.2% | 5.1% |
| Six-Figure Earners | 6.7% | 9.8% | 13.2% |
The median household income in Twin Falls is about 21% lower than in Idaho. Income has been growing slower in Twin Falls (4.9%/yr) than in Idaho (6.2%/yr).
About 7% of adults in Twin Falls 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 Twin Falls, Idaho grew by 46.3% from 2009 to 2023, reaching $59,288 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Twin Falls | Gender Pay Gap | Gini Coefficient
| Metric | Twin Falls | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.553 | 0.570 |
| Male Median Income | $55,319 | $61,839 | $67,746 |
| Female Median Income | $40,849 | $46,302 | $54,793 |
| Gender Pay Gap | 26.2% | 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 Twin Falls, it is 0.539, 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 35% more than women's income in Twin Falls, Idaho. Over a 35-year career, a 35% wage gap accumulates to roughly $506,450 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Twin Falls, Idaho has widened from about 22% to 26% in 2023. In dollar terms, the gap has widened by $7,016 since 2009.
Employment
| Metric | Twin Falls | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.7% | 5.2% |
| Working from Home | 7.9% | 12.2% | 13.4% |
| Commute time (minutes) | 13 | 17 | 22 |
Approximately 607 people are unemployed in Twin Falls, Idaho.
The average commute time in Twin Falls is 13 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Twin Falls, Idaho has fallen from 7.5% to 2.9% in 2023.
Conclusion
Considering all these factors, Twin Falls, 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 Twin Falls, Idaho.
How Rich Is Twin Falls, Idaho?
Twin Falls 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 $59,288, about 21% lower than the Idaho average of $74,676.
What is the current median household income in Twin Falls, Idaho?
As of 2023, the median household income in Twin Falls, Idaho is $59,288.
What was the median household income in Twin Falls in 2023?
In 2023, the median household income in Twin Falls, Idaho was $59,288.
What was the median household income in Twin Falls in 2020?
In 2020, the median household income in Twin Falls, Idaho was $50,596.
What is the Gini coefficient in Twin Falls, Idaho?
The Gini coefficient in Twin Falls is 0.539. 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 Twin Falls, Idaho?
Since 2009, the income gap between men and women in Twin Falls, Idaho has widened from about 22% to 26% in 2023. In dollar terms, the gap has widened by $7,016 since 2009.