Wealth Index
Among the top 5 wealthiest 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 | Davis County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $107,980 | $92,351 | $78,145 |
| Median Personal Income | $67,878 | $62,002 | $61,726 |
| Average income growth | 5.9% | 5.7% | 5.1% |
| Six-Figure Earners | 15.5% | 12.5% | 13.2% |
The median household income in Davis County is about 17% higher than in Utah. Income has been growing faster in Davis County (5.9%/yr) than in Utah (5.7%/yr).
About 15% of adults in Davis County earn six figures ($100,000 or more) a year, higher than the Utah average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Davis County, Utah grew by 63.6% from 2009 to 2023, reaching $107,980 in 2023. That's an average of about 5.9% per year.
Economic Inequality in Davis County | Gender Pay Gap | Gini Coefficient
| Metric | Davis County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.567 | 0.571 | 0.570 |
| Male Median Income | $79,333 | $70,891 | $67,746 |
| Female Median Income | $53,282 | $50,597 | $54,793 |
| Gender Pay Gap | 32.8% | 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 Davis County, it is 0.567, about the same as Utah's 0.571, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 49% more than women's income in Davis County, Utah. Over a 35-year career, a 49% wage gap accumulates to roughly $911,785 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Davis County, Utah has narrowed from about 35% to 33% in 2023. In dollar terms, the gap has widened by $7,116 since 2009.
Employment
| Metric | Davis County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 3.4% | 5.2% |
| Working from Home | 16.2% | 16.0% | 13.4% |
| Commute time (minutes) | 21 | 18 | 22 |
Approximately 4,699 people are unemployed in Davis County, Utah.
The average commute time in Davis County is 21 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Davis County, Utah has fallen from 4.9% to 2.5% in 2023.
Conclusion
Considering all these factors, Davis 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 Davis County, Utah.
How Rich Is Davis County, Utah?
Davis 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 $107,980, about 17% higher than the Utah average of $92,351.
What is the current median household income in Davis County, Utah?
As of 2023, the median household income in Davis County, Utah is $107,980.
What was the median household income in Davis County in 2023?
In 2023, the median household income in Davis County, Utah was $107,980.
What was the median household income in Davis County in 2020?
In 2020, the median household income in Davis County, Utah was $87,642.
What is the Gini coefficient in Davis County, Utah?
The Gini coefficient in Davis County is 0.567. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Davis County, Utah?
Since 2009, the income gap between men and women in Davis County, Utah has narrowed from about 35% to 33% in 2023. In dollar terms, the gap has widened by $7,116 since 2009.