Wealth Index
Least wealthy county in North Dakota
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 | Sioux County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Household Income | $41,944 | $76,061 | $78,145 |
| Median Personal Income | $49,399 | $60,423 | $61,726 |
| Average income growth | 0.9% | 3.6% | 5.1% |
| Six-Figure Earners | 4.3% | 11.8% | 13.2% |
The median household income in Sioux County is about 45% lower than in North Dakota. Income has been growing slower in Sioux County (0.9%/yr) than in North Dakota (3.6%/yr).
About 4% of adults in Sioux County earn six figures ($100,000 or more) a year, lower than the North Dakota average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Sioux County, North Dakota grew by 40.8% from 2009 to 2023, reaching $41,944 in 2023. That's an average of about 0.9% per year.
Economic Inequality in Sioux County | Gender Pay Gap | Gini Coefficient
| Metric | Sioux County | North Dakota Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.655 | 0.515 | 0.570 |
| Male Median Income | $50,462 | $67,015 | $67,746 |
| Female Median Income | $47,762 | $52,823 | $54,793 |
| Gender Pay Gap | 5.4% | 21.2% | 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 Sioux County, it is 0.655, higher than North Dakota's 0.515, 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 6% more than women's income in Sioux County, North Dakota. Over a 35-year career, a 6% wage gap accumulates to roughly $94,500 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Sioux County, North Dakota has narrowed from about 13% to 5% in 2023. In dollar terms, the gap has narrowed by $1,579 since 2009.
Employment
| Metric | Sioux County | North Dakota Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 20.0% | 2.8% | 5.2% |
| Working from Home | 9.3% | 7.3% | 13.4% |
| Commute time (minutes) | 13 | 13 | 22 |
Approximately 291 people are unemployed in Sioux County, North Dakota.
The average commute time in Sioux County is 13 minutes, about the same as in North Dakota.
Unemployment Rate Over Time
The unemployment rate in Sioux County, North Dakota has stayed about flat at 20.0% since 2011.
Conclusion
Considering all these factors, Sioux County, North Dakota has an overall wealth index grade of F, making it worse than North Dakota, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Sioux County, North Dakota.
How Rich Is Sioux County, North Dakota?
Sioux County 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 $41,944, about 45% lower than the North Dakota average of $76,061.
What is the current median household income in Sioux County, North Dakota?
As of 2023, the median household income in Sioux County, North Dakota is $41,944.
What was the median household income in Sioux County in 2023?
In 2023, the median household income in Sioux County, North Dakota was $41,944.
What was the median household income in Sioux County in 2020?
In 2020, the median household income in Sioux County, North Dakota was $42,453.
What is the Gini coefficient in Sioux County, North Dakota?
The Gini coefficient in Sioux County is 0.655. 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 Sioux County, North Dakota?
Since 2009, the income gap between men and women in Sioux County, North Dakota has narrowed from about 13% to 5% in 2023. In dollar terms, the gap has narrowed by $1,579 since 2009.