Wealth Index
Among the top 5 wealthiest counties in New Hampshire
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 | Carroll County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,743 | $96,071 | $78,145 |
| Median Personal Income | $62,784 | $69,963 | $61,726 |
| Average income growth | 5.6% | 4.9% | 5.1% |
| Six-Figure Earners | 13.5% | 16.0% | 13.2% |
The median household income in Carroll County is about 14% lower than in New Hampshire. Income has been growing faster in Carroll County (5.6%/yr) than in New Hampshire (4.9%/yr).
About 14% of adults in Carroll County earn six figures ($100,000 or more) a year, lower than the New Hampshire average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Carroll County, New Hampshire grew by 63.4% from 2009 to 2023, reaching $82,743 in 2023. That's an average of about 5.6% per year.
Economic Inequality in Carroll County | Gender Pay Gap | Gini Coefficient
| Metric | Carroll County | New Hampshire Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.528 | 0.570 |
| Male Median Income | $66,696 | $78,341 | $67,746 |
| Female Median Income | $57,637 | $61,319 | $54,793 |
| Gender Pay Gap | 13.6% | 21.7% | 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 Carroll County, it is 0.505, lower than New Hampshire's 0.528, 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 16% more than women's income in Carroll County, New Hampshire. Over a 35-year career, a 16% wage gap accumulates to roughly $317,065 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Carroll County, New Hampshire has narrowed from about 24% to 14% in 2023. In dollar terms, the gap has narrowed by $1,327 since 2009.
Employment
| Metric | Carroll County | New Hampshire Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 3.4% | 5.2% |
| Working from Home | 15.0% | 15.1% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 1,397 people are unemployed in Carroll County, New Hampshire.
The average commute time in Carroll County is 21 minutes, shorter than the 22 minutes in New Hampshire.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Carroll County, New Hampshire has fallen from 5.7% to 5.3% in 2023.
Conclusion
Considering all these factors, Carroll County, New Hampshire has an overall wealth index grade of B, making it about on par with New Hampshire, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Carroll County, New Hampshire.
How Rich Is Carroll County, New Hampshire?
Carroll 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 $82,743, about 14% lower than the New Hampshire average of $96,071.
What is the current median household income in Carroll County, New Hampshire?
As of 2023, the median household income in Carroll County, New Hampshire is $82,743.
What was the median household income in Carroll County in 2023?
In 2023, the median household income in Carroll County, New Hampshire was $82,743.
What was the median household income in Carroll County in 2020?
In 2020, the median household income in Carroll County, New Hampshire was $66,315.
What is the Gini coefficient in Carroll County, New Hampshire?
The Gini coefficient in Carroll County is 0.505. 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 Carroll County, New Hampshire?
Since 2009, the income gap between men and women in Carroll County, New Hampshire has narrowed from about 24% to 14% in 2023. In dollar terms, the gap has narrowed by $1,327 since 2009.