Wealth Index
Wealthier than 71% of counties in Utah
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 | Box Elder County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,988 | $92,351 | $78,145 |
| Median Personal Income | $57,048 | $62,002 | $61,726 |
| Average income growth | 4.8% | 5.7% | 5.1% |
| Six-Figure Earners | 8.5% | 12.5% | 13.2% |
The median household income in Box Elder County is about 16% lower than in Utah. Income has been growing slower in Box Elder County (4.8%/yr) than in Utah (5.7%/yr).
About 9% of adults in Box Elder County earn six figures ($100,000 or more) a year, lower than the Utah average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Box Elder County, Utah grew by 41.0% from 2009 to 2023, reaching $77,988 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Box Elder County | Gender Pay Gap | Gini Coefficient
| Metric | Box Elder County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.553 | 0.571 | 0.570 |
| Male Median Income | $64,399 | $70,891 | $67,746 |
| Female Median Income | $43,171 | $50,597 | $54,793 |
| Gender Pay Gap | 33.0% | 28.6% | 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 Box Elder County, it is 0.553, lower than Utah's 0.571, 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 49% more than women's income in Box Elder County, Utah. Over a 35-year career, a 49% wage gap accumulates to roughly $742,980 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Box Elder County, Utah has widened from about 30% to 33% in 2023. In dollar terms, the gap has widened by $7,168 since 2009.
Employment
| Metric | Box Elder County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 3.4% | 5.2% |
| Working from Home | 10.0% | 16.0% | 13.4% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 911 people are unemployed in Box Elder County, Utah.
The average commute time in Box Elder County is 20 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Box Elder County, Utah has fallen from 5.6% to 3.2% in 2023.
Conclusion
Considering all these factors, Box Elder County, Utah has an overall wealth index grade of C, making it about on par with Utah, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Box Elder County, Utah.
How Rich Is Box Elder County, Utah?
Box Elder County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $77,988, about 16% lower than the Utah average of $92,351.
What is the current median household income in Box Elder County, Utah?
As of 2023, the median household income in Box Elder County, Utah is $77,988.
What was the median household income in Box Elder County in 2023?
In 2023, the median household income in Box Elder County, Utah was $77,988.
What was the median household income in Box Elder County in 2020?
In 2020, the median household income in Box Elder County, Utah was $64,880.
What is the Gini coefficient in Box Elder County, Utah?
The Gini coefficient in Box Elder County is 0.553. 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 Box Elder County, Utah?
Since 2009, the income gap between men and women in Box Elder County, Utah has widened from about 30% to 33% in 2023. In dollar terms, the gap has widened by $7,168 since 2009.