Wealth Index
Among the top 3 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 | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $126,532 | $92,351 | $78,145 |
| Median Personal Income | $86,146 | $62,002 | $61,726 |
| Average income growth | 6.8% | 5.7% | 5.1% |
| Six-Figure Earners | 18.0% | 12.5% | 13.2% |
The median household income in Morgan County is about 37% higher than in Utah. Income has been growing faster in Morgan County (6.8%/yr) than in Utah (5.7%/yr).
About 18% of adults in Morgan 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 Morgan County, Utah grew by 78.0% from 2009 to 2023, reaching $126,532 in 2023. That's an average of about 6.8% per year.
Economic Inequality in Morgan County | Gender Pay Gap | Gini Coefficient
| Metric | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.613 | 0.571 | 0.570 |
| Male Median Income | $101,590 | $70,891 | $67,746 |
| Female Median Income | $65,316 | $50,597 | $54,793 |
| Gender Pay Gap | 35.7% | 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 Morgan County, it is 0.613, higher than Utah's 0.571, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 56% more than women's income in Morgan County, Utah. Over a 35-year career, a 56% wage gap accumulates to roughly $1,269,590 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan County, Utah has widened from about 35% to 36% in 2023. In dollar terms, the gap has widened by $18,249 since 2009.
Employment
| Metric | Morgan County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.2% | 3.4% | 5.2% |
| Working from Home | 12.2% | 16.0% | 13.4% |
| Commute time (minutes) | 25 | 18 | 22 |
Approximately 124 people are unemployed in Morgan County, Utah.
The average commute time in Morgan County is 25 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan County, Utah has fallen from 6.6% to 2.2% in 2023.
Conclusion
Considering all these factors, Morgan 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 Morgan County, Utah.
How Rich Is Morgan County, Utah?
Morgan 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 $126,532, about 37% higher than the Utah average of $92,351.
What is the current median household income in Morgan County, Utah?
As of 2023, the median household income in Morgan County, Utah is $126,532.
What was the median household income in Morgan County in 2023?
In 2023, the median household income in Morgan County, Utah was $126,532.
What was the median household income in Morgan County in 2020?
In 2020, the median household income in Morgan County, Utah was $101,758.
What is the Gini coefficient in Morgan County, Utah?
The Gini coefficient in Morgan County is 0.613. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Morgan County, Utah?
Since 2009, the income gap between men and women in Morgan County, Utah has widened from about 35% to 36% in 2023. In dollar terms, the gap has widened by $18,249 since 2009.