Wealth Index
Among the top 3 wealthiest counties in Oregon
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 | Multnomah County | Oregon Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,216 | $80,923 | $78,145 |
| Median Personal Income | $70,818 | $64,122 | $61,726 |
| Average income growth | 6.1% | 6.0% | 5.1% |
| Six-Figure Earners | 17.2% | 13.4% | 13.2% |
The median household income in Multnomah County is about 8% higher than in Oregon. Income has been growing faster in Multnomah County (6.1%/yr) than in Oregon (6.0%/yr).
About 17% of adults in Multnomah County earn six figures ($100,000 or more) a year, higher than the Oregon average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Multnomah County, Oregon grew by 77.3% from 2009 to 2023, reaching $87,216 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Multnomah County | Gender Pay Gap | Gini Coefficient
| Metric | Multnomah County | Oregon Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.545 | 0.554 | 0.570 |
| Male Median Income | $74,229 | $69,794 | $67,746 |
| Female Median Income | $66,848 | $57,832 | $54,793 |
| Gender Pay Gap | 9.9% | 17.1% | 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 Multnomah County, it is 0.545, lower than Oregon's 0.554, 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 11% more than women's income in Multnomah County, Oregon. Over a 35-year career, a 11% wage gap accumulates to roughly $258,335 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Multnomah County, Oregon has narrowed from about 14% to 10% in 2023. In dollar terms, the gap has widened by $913 since 2009.
Employment
| Metric | Multnomah County | Oregon Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 5.4% | 5.2% |
| Working from Home | 23.1% | 17.0% | 13.4% |
| Commute time (minutes) | 22 | 20 | 22 |
Approximately 25,549 people are unemployed in Multnomah County, Oregon.
The average commute time in Multnomah County is 22 minutes, longer than the 20 minutes in Oregon.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Multnomah County, Oregon has fallen from 9.6% to 5.4% in 2023.
Conclusion
Considering all these factors, Multnomah County, Oregon has an overall wealth index grade of B, making it somewhat better than Oregon, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Multnomah County, Oregon.
How Rich Is Multnomah County, Oregon?
Multnomah 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 $87,216, about 8% higher than the Oregon average of $80,923.
What is the current median household income in Multnomah County, Oregon?
As of 2023, the median household income in Multnomah County, Oregon is $87,216.
What was the median household income in Multnomah County in 2023?
In 2023, the median household income in Multnomah County, Oregon was $87,216.
What was the median household income in Multnomah County in 2020?
In 2020, the median household income in Multnomah County, Oregon was $71,764.
What is the Gini coefficient in Multnomah County, Oregon?
The Gini coefficient in Multnomah County is 0.545. 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 Multnomah County, Oregon?
Since 2009, the income gap between men and women in Multnomah County, Oregon has narrowed from about 14% to 10% in 2023. In dollar terms, the gap has widened by $913 since 2009.