Wealth Index
Among the top 5 wealthiest counties in Idaho
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 | Valley County | Idaho Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,377 | $74,676 | $78,145 |
| Median Personal Income | $39,833 | $54,802 | $61,726 |
| Average income growth | 5.6% | 6.2% | 5.1% |
| Six-Figure Earners | 9.1% | 9.8% | 13.2% |
The median household income in Valley County is about 4% higher than in Idaho. Income has been growing slower in Valley County (5.6%/yr) than in Idaho (6.2%/yr).
About 9% of adults in Valley 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 Valley County, Idaho grew by 46.9% from 2009 to 2023, reaching $77,377 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Valley County | Gender Pay Gap | Gini Coefficient
| Metric | Valley County | Idaho Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.553 | 0.570 |
| Male Median Income | $53,879 | $61,839 | $67,746 |
| Female Median Income | $31,870 | $46,302 | $54,793 |
| Gender Pay Gap | 40.8% | 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 Valley County, it is 0.550, 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 69% more than women's income in Valley County, Idaho. Over a 35-year career, a 69% wage gap accumulates to roughly $770,315 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Valley County, Idaho has widened from about 27% to 41% in 2023. In dollar terms, the gap has widened by $10,473 since 2009.
Employment
| Metric | Valley County | Idaho Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.7% | 5.2% |
| Working from Home | 23.5% | 12.2% | 13.4% |
| Commute time (minutes) | 12 | 17 | 22 |
Approximately 154 people are unemployed in Valley County, Idaho.
The average commute time in Valley County is 12 minutes, shorter than the 17 minutes in Idaho.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Valley County, Idaho has fallen from 6.8% to 2.9% in 2023.
Conclusion
Considering all these factors, Valley County, Idaho has an overall wealth index grade of B, making it somewhat better than Idaho, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Valley County, Idaho.
How Rich Is Valley County, Idaho?
Valley County 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 $77,377, about 4% higher than the Idaho average of $74,676.
What is the current median household income in Valley County, Idaho?
As of 2023, the median household income in Valley County, Idaho is $77,377.
What was the median household income in Valley County in 2023?
In 2023, the median household income in Valley County, Idaho was $77,377.
What was the median household income in Valley County in 2020?
In 2020, the median household income in Valley County, Idaho was $60,942.
What is the Gini coefficient in Valley County, Idaho?
The Gini coefficient in Valley County is 0.550. 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 Valley County, Idaho?
Since 2009, the income gap between men and women in Valley County, Idaho has widened from about 27% to 41% in 2023. In dollar terms, the gap has widened by $10,473 since 2009.