Cottonwood Heights, Utah Income Statistics
Cottonwood Heights 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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A
Cottonwood Heights Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $120,360 | $95,466 | $80,455 |
| Median Personal Income | $76,766 | $60,264 | $60,758 |
| Average Yearly Income Growth | 5.0% | 5.4% | 4.8% |
| Six-Figure Earners | 22.9% | 13.4% | 13.9% |
| $200k+ Households | 23.7% | 13.9% | 13.2% |
The median household income in Cottonwood Heights is about 26% higher than in Utah. Income has been growing slower in Cottonwood Heights (5.0%/yr) than in Utah (5.4%/yr).
About 23% of adults in Cottonwood Heights earn six figures ($100,000 or more) a year, higher than the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Cottonwood Heights, Utah grew by 68.7% from 2009 to 2024, reaching $120,360 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Cottonwood Heights
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.512 | 0.551 | 0.552 |
| Male Median Income | $93,262 | $72,887 | $69,667 |
| Female Median Income | $73,410 | $53,079 | $56,850 |
| Gender Pay Gap | 21.3% | 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 Cottonwood Heights, it is 0.512, lower than Utah's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Cottonwood Heights, Utah. Over a 35-year career, a 27% wage gap accumulates to roughly $694,820 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cottonwood Heights, Utah has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 37% in 2017. In dollar terms, the gap has widened by $7,403 since 2009.
Employment
| Metric | Cottonwood Heights | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 3.5% | 5.2% |
| Working from Home | 25.1% | 17.6% | 15.0% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 583 people are unemployed in Cottonwood Heights, Utah.
The average commute time in Cottonwood Heights is 21 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cottonwood Heights, Utah has fallen from 6.6% to 3.2% in 2024. Over that period the rate peaked at 7.6% in 2013 and fell as low as 2.8% in 2020.
Cottonwood Heights, UT Wealth Compared With Nearby Cities
Cottonwood Heights, UT is the 3rd largest of the 4 cities compared here, 32,277 residents against a local median of 54,009. Cottonwood Heights, UT sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is median household income, 11% above the local median at $120,360 against $108,858. Cottonwood Heights, UT has the highest median household income of the 4 areas compared here.
| 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. |
|---|---|---|---|---|---|
| Cottonwood Heights, UT | 32,277 | $120,360 #1/4 | 5.0%/yr #3/4 | 3.2% #3/4 | 0.512 #1/4 |
| Holladay, UT | 31,175 | $115,140 | 5.5%/yr | 3.2% | 0.532 |
| Sandy, UT | 91,417 | $108,858 | 3.9%/yr | 3.1% | 0.527 |
| Millcreek, UT | 54,009 | $95,522 | 6.7%/yr | 3.7% | 0.516 |
Conclusion
Considering all these factors, Cottonwood Heights, Utah has an overall wealth index grade of A, making it somewhat better than Utah, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cottonwood Heights, Utah.
How Rich Is Cottonwood Heights, Utah?
Cottonwood Heights has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $120,360, about 26% higher than the Utah average of $95,466.
How has median household income changed in Cottonwood Heights, Utah?
Between 2009 and 2024, the median household income in Cottonwood Heights, Utah rose 69%, from $71,365 to $120,360. Over the same years, income here lagged behind Utah as a whole: +69% against +71%.
What was the median household income in Cottonwood Heights in 2023?
In 2023, the median household income in Cottonwood Heights, Utah was $118,256, up 7% from $110,694 in 2022. The Utah median that year was $92,352.
What was the median household income in Cottonwood Heights in 2020?
In 2020, the median household income in Cottonwood Heights, Utah was $96,015. By 2024 it had risen 25% to $120,360.
How many people earn six figures in Cottonwood Heights, Utah?
Yes. 23% of adults in Cottonwood Heights, Utah earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 7) in Utah. 24% of households have a combined income of $200,000 or more, compared with 14% in Utah.
What is the Gini coefficient in Cottonwood Heights, Utah?
The Gini coefficient in Cottonwood Heights is 0.512. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Cottonwood Heights, Utah?
Since 2009, the income gap between men and women in Cottonwood Heights, Utah has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 37% in 2017. In dollar terms, the gap has widened by $7,403 since 2009.
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