Wealth Index
Least wealthy county 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 | Piute County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $44,416 | $92,351 | $78,145 |
| Median Personal Income | $38,936 | $62,002 | $61,726 |
| Average income growth | 4.6% | 5.7% | 5.1% |
| Six-Figure Earners | 2.4% | 12.5% | 13.2% |
The median household income in Piute County is about 52% lower than in Utah. Income has been growing slower in Piute County (4.6%/yr) than in Utah (5.7%/yr).
About 2% of adults in Piute 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 Piute County, Utah grew by 22.9% from 2009 to 2023, reaching $44,416 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Piute County | Gender Pay Gap | Gini Coefficient
| Metric | Piute County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.606 | 0.571 | 0.570 |
| Male Median Income | $38,868 | $70,891 | $67,746 |
| Female Median Income | $38,999 | $50,597 | $54,793 |
| Gender Pay Gap | -0.3% | 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 Piute County, it is 0.606, 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.
Women's income is about 0% more than men's income in Piute County, Utah.
Income by Sex Over Time
Since 2009, the income gap between men and women in Piute County, Utah has narrowed from about 37% to -0% in 2023. In dollar terms, the gap has narrowed by $13,497 since 2009.
Employment
| Metric | Piute County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.9% | 3.4% | 5.2% |
| Working from Home | 26.3% | 16.0% | 13.4% |
| Commute time (minutes) | 30 | 18 | 22 |
Approximately 47 people are unemployed in Piute County, Utah.
The average commute time in Piute County is 30 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Piute County, Utah has fallen from 8.6% to 6.9% in 2023.
Conclusion
Considering all these factors, Piute County, Utah has an overall wealth index grade of D, making it somewhat worse than Utah, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Piute County, Utah.
How Rich Is Piute County, Utah?
Piute County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $44,416, about 52% lower than the Utah average of $92,351.
What is the current median household income in Piute County, Utah?
As of 2023, the median household income in Piute County, Utah is $44,416.
What was the median household income in Piute County in 2023?
In 2023, the median household income in Piute County, Utah was $44,416.
What was the median household income in Piute County in 2020?
In 2020, the median household income in Piute County, Utah was $29,312.
What is the Gini coefficient in Piute County, Utah?
The Gini coefficient in Piute County is 0.606. 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 Piute County, Utah?
Since 2009, the income gap between men and women in Piute County, Utah has narrowed from about 37% to -0% in 2023. In dollar terms, the gap has narrowed by $13,497 since 2009.