Wealth Index
Least wealthy county 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 | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,664 | $96,071 | $78,145 |
| Median Personal Income | $51,578 | $69,963 | $61,726 |
| Average income growth | 3.8% | 4.9% | 5.1% |
| Six-Figure Earners | 6.0% | 16.0% | 13.2% |
The median household income in Coos County is about 39% lower than in New Hampshire. Income has been growing slower in Coos County (3.8%/yr) than in New Hampshire (4.9%/yr).
About 6% of adults in Coos 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 Coos County, New Hampshire grew by 36.9% from 2009 to 2023, reaching $58,664 in 2023. That's an average of about 3.8% per year.
Economic Inequality in Coos County | Gender Pay Gap | Gini Coefficient
| Metric | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.528 | 0.570 |
| Male Median Income | $55,782 | $78,341 | $67,746 |
| Female Median Income | $47,142 | $61,319 | $54,793 |
| Gender Pay Gap | 15.5% | 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 Coos County, it is 0.518, 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 18% more than women's income in Coos County, New Hampshire. Over a 35-year career, a 18% wage gap accumulates to roughly $302,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coos County, New Hampshire has narrowed from about 32% to 15% in 2023. In dollar terms, the gap has narrowed by $4,883 since 2009.
Employment
| Metric | Coos County | New Hampshire Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 3.4% | 5.2% |
| Working from Home | 8.2% | 15.1% | 13.4% |
| Commute time (minutes) | 17 | 22 | 22 |
Approximately 612 people are unemployed in Coos County, New Hampshire.
The average commute time in Coos County is 17 minutes, shorter than the 22 minutes in New Hampshire.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coos County, New Hampshire has fallen from 7.6% to 4.1% in 2023.
Conclusion
Considering all these factors, Coos County, New Hampshire has an overall wealth index grade of D, making it somewhat worse than New Hampshire, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Coos County, New Hampshire.
How Rich Is Coos County, New Hampshire?
Coos County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $58,664, about 39% lower than the New Hampshire average of $96,071.
What is the current median household income in Coos County, New Hampshire?
As of 2023, the median household income in Coos County, New Hampshire is $58,664.
What was the median household income in Coos County in 2023?
In 2023, the median household income in Coos County, New Hampshire was $58,664.
What was the median household income in Coos County in 2020?
In 2020, the median household income in Coos County, New Hampshire was $48,877.
What is the Gini coefficient in Coos County, New Hampshire?
The Gini coefficient in Coos County is 0.518. 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 Coos County, New Hampshire?
Since 2009, the income gap between men and women in Coos County, New Hampshire has narrowed from about 32% to 15% in 2023. In dollar terms, the gap has narrowed by $4,883 since 2009.