Wealth Index
Wealthier than 79% 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 | Daggett County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,000 | $92,351 | $78,145 |
| Median Personal Income | $51,718 | $62,002 | $61,726 |
| Average income growth | -2.0% | 5.7% | 5.1% |
| Six-Figure Earners | 9.6% | 12.5% | 13.2% |
The median household income in Daggett County is about 35% lower than in Utah. Income has been growing slower in Daggett County (-2.0%/yr) than in Utah (5.7%/yr).
About 10% of adults in Daggett 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 Daggett County, Utah grew by 60.4% from 2009 to 2023, reaching $60,000 in 2023. That's an average of about 2.0% per year.
Economic Inequality in Daggett County | Gender Pay Gap | Gini Coefficient
| Metric | Daggett County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.541 | 0.571 | 0.570 |
| Male Median Income | $76,470 | $70,891 | $67,746 |
| Female Median Income | $38,035 | $50,597 | $54,793 |
| Gender Pay Gap | 50.3% | 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 Daggett County, it is 0.541, 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 101% more than women's income in Daggett County, Utah. Over a 35-year career, a 101% wage gap accumulates to roughly $1,345,225 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Daggett County, Utah has widened from about 45% to 50% in 2023. In dollar terms, the gap has widened by $20,730 since 2009.
Employment
| Metric | Daggett County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.3% | 3.4% | 5.2% |
| Working from Home | 7.0% | 16.0% | 13.4% |
| Commute time (minutes) | 8 | 18 | 22 |
Approximately 29 people are unemployed in Daggett County, Utah.
The average commute time in Daggett County is 8 minutes, shorter than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Daggett County, Utah has risen from 2.7% to 8.3% in 2023.
Conclusion
Considering all these factors, Daggett County, Utah has an overall wealth index grade of B, making it somewhat better than Utah, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Daggett County, Utah.
How Rich Is Daggett County, Utah?
Daggett 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 $60,000, about 35% lower than the Utah average of $92,351.
What is the current median household income in Daggett County, Utah?
As of 2023, the median household income in Daggett County, Utah is $60,000.
What was the median household income in Daggett County in 2023?
In 2023, the median household income in Daggett County, Utah was $60,000.
What was the median household income in Daggett County in 2020?
In 2020, the median household income in Daggett County, Utah was $74,596.
What is the Gini coefficient in Daggett County, Utah?
The Gini coefficient in Daggett County is 0.541. 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 Daggett County, Utah?
Since 2009, the income gap between men and women in Daggett County, Utah has widened from about 45% to 50% in 2023. In dollar terms, the gap has widened by $20,730 since 2009.