American Fork, Utah Income Statistics
American Fork Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
American Fork Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | American Fork | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $99,500 | $95,466 | $80,455 |
| Median Personal Income | $61,297 | $60,264 | $60,758 |
| Average Yearly Income Growth | 4.4% | 5.4% | 4.8% |
| Six-Figure Earners | 13.8% | 13.4% | 13.9% |
| $200k+ Households | 15.4% | 13.9% | 13.2% |
The median household income in American Fork is about 4% higher than in Utah. Income has been growing slower in American Fork (4.4%/yr) than in Utah (5.4%/yr).
About 14% of adults in American Fork earn six figures ($100,000 or more) a year, about the same as the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in American Fork, Utah grew by 54.0% from 2009 to 2024, reaching $99,500 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in American Fork
| Metric | American Fork | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.570 | 0.551 | 0.552 |
| Male Median Income | $79,750 | $72,887 | $69,667 |
| Female Median Income | $50,604 | $53,079 | $56,850 |
| Gender Pay Gap | 36.5% | 27.2% | 18.4% |
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 American Fork, it is 0.570, higher than Utah's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 58% more than women's income in American Fork, Utah. Over a 35-year career, a 58% wage gap accumulates to roughly $1,020,110 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in American Fork, Utah has narrowed from about 41% to 37% in 2024. Over that period the gap was widest at 45% in 2013, and was narrowest at 31% in 2023. In dollar terms, the gap has widened by $7,125 since 2009.
Employment
| Metric | American Fork | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 3.5% | 5.2% |
| Working from Home | 19.0% | 17.6% | 15.0% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 505 people are unemployed in American Fork, Utah.
The average commute time in American Fork is 18 minutes, about the same as in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in American Fork, Utah has fallen from 5.1% to 2.8% in 2024. Over that period the rate peaked at 6.5% in 2013.
American Fork, UT Wealth Compared With Nearby Cities
How American Fork, UT compares with the 2 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| American Fork, UT | 34,445 | $99,500 #2/3 | 4.4%/yr #3/3 | 2.8% #2/3 | 0.570 #3/3 |
| Pleasant Grove, UT | 34,874 | $98,969 | 5.8%/yr | 2.7% | 0.561 |
| Lehi, UT | 80,979 | $133,884 | 6.4%/yr | 4.0% | 0.567 |
Conclusion
Considering all these factors, American Fork, Utah has an overall wealth index grade of B, making it about on par with Utah, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in American Fork, Utah.
How Wealthy Is American Fork, Utah?
American Fork 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 $99,500, about 4% higher than the Utah average of $95,466.
How fast is household income rising in American Fork, Utah?
Between 2009 and 2024, the median household income in American Fork, Utah rose 54%, from $64,598 to $99,500. Over the same years, income here lagged behind Utah as a whole: +54% against +71%.
What was the median household income in American Fork in 2023?
In 2023, the median household income in American Fork, Utah was $96,607, up 5% from $92,429 in 2022. The Utah median that year was $92,352.
What was the median household income in American Fork in 2020?
In 2020, the median household income in American Fork, Utah was $79,329. By 2024 it had risen 25% to $99,500.
What is the Gini coefficient in American Fork, Utah?
The Gini coefficient in American Fork is 0.570. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in American Fork, Utah?
Since 2009, the income gap between men and women in American Fork, Utah has narrowed from about 41% to 37% in 2024. Over that period the gap was widest at 45% in 2013, and was narrowest at 31% in 2023. In dollar terms, the gap has widened by $7,125 since 2009.
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