Wealth Index
Among the 3 least wealthy 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 | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,750 | $96,071 | $78,145 |
| Median Personal Income | $58,799 | $69,963 | $61,726 |
| Average income growth | 4.8% | 4.9% | 5.1% |
| Six-Figure Earners | 10.7% | 16.0% | 13.2% |
The median household income in Cheshire County is about 16% lower than in New Hampshire. Income has been growing slower in Cheshire County (4.8%/yr) than in New Hampshire (4.9%/yr).
About 11% of adults in Cheshire 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 Cheshire County, New Hampshire grew by 44.6% from 2009 to 2023, reaching $80,750 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Cheshire County | Gender Pay Gap | Gini Coefficient
| Metric | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.520 | 0.528 | 0.570 |
| Male Median Income | $64,133 | $78,341 | $67,746 |
| Female Median Income | $53,541 | $61,319 | $54,793 |
| Gender Pay Gap | 16.5% | 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 Cheshire County, it is 0.520, 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 20% more than women's income in Cheshire County, New Hampshire. Over a 35-year career, a 20% wage gap accumulates to roughly $370,720 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cheshire County, New Hampshire has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $989 since 2009.
Employment
| Metric | Cheshire County | New Hampshire Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 3.4% | 5.2% |
| Working from Home | 11.3% | 15.1% | 13.4% |
| Commute time (minutes) | 18 | 22 | 22 |
Approximately 1,325 people are unemployed in Cheshire County, New Hampshire.
The average commute time in Cheshire County is 18 minutes, shorter than the 22 minutes in New Hampshire.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cheshire County, New Hampshire has fallen from 8.8% to 3.3% in 2023.
Conclusion
Considering all these factors, Cheshire 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 Cheshire County, New Hampshire.
How Rich Is Cheshire County, New Hampshire?
Cheshire 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 $80,750, about 16% lower than the New Hampshire average of $96,071.
What is the current median household income in Cheshire County, New Hampshire?
As of 2023, the median household income in Cheshire County, New Hampshire is $80,750.
What was the median household income in Cheshire County in 2023?
In 2023, the median household income in Cheshire County, New Hampshire was $80,750.
What was the median household income in Cheshire County in 2020?
In 2020, the median household income in Cheshire County, New Hampshire was $65,712.
What is the Gini coefficient in Cheshire County, New Hampshire?
The Gini coefficient in Cheshire County is 0.520. 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 Cheshire County, New Hampshire?
Since 2009, the income gap between men and women in Cheshire County, New Hampshire has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $989 since 2009.