Wealth Index
Among the 5 least wealthy 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 | Rich County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,578 | $92,351 | $78,145 |
| Median Personal Income | $61,744 | $62,002 | $61,726 |
| Average income growth | 6.0% | 5.7% | 5.1% |
| Six-Figure Earners | 9.3% | 12.5% | 13.2% |
The median household income in Rich County is about 16% lower than in Utah. Income has been growing faster in Rich County (6.0%/yr) than in Utah (5.7%/yr).
About 9% of adults in Rich 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 Rich County, Utah grew by 51.5% from 2009 to 2023, reaching $77,578 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Rich County | Gender Pay Gap | Gini Coefficient
| Metric | Rich County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.571 | 0.570 |
| Male Median Income | $69,999 | $70,891 | $67,746 |
| Female Median Income | $35,166 | $50,597 | $54,793 |
| Gender Pay Gap | 49.8% | 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 Rich County, it is 0.572, 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 99% more than women's income in Rich County, Utah. Over a 35-year career, a 99% wage gap accumulates to roughly $1,219,155 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rich County, Utah has widened from about 44% to 50% in 2023. In dollar terms, the gap has widened by $16,370 since 2009.
Employment
| Metric | Rich County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 3.4% | 5.2% |
| Working from Home | 19.2% | 16.0% | 13.4% |
| Commute time (minutes) | 16 | 18 | 22 |
Approximately 29 people are unemployed in Rich County, Utah.
The average commute time in Rich County is 16 minutes, shorter than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rich County, Utah has fallen from 4.2% to 2.7% in 2023.
Conclusion
Considering all these factors, Rich 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 Rich County, Utah.
How Rich Is Rich County, Utah?
Rich 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 $77,578, about 16% lower than the Utah average of $92,351.
What is the current median household income in Rich County, Utah?
As of 2023, the median household income in Rich County, Utah is $77,578.
What was the median household income in Rich County in 2023?
In 2023, the median household income in Rich County, Utah was $77,578.
What was the median household income in Rich County in 2020?
In 2020, the median household income in Rich County, Utah was $67,352.
What is the Gini coefficient in Rich County, Utah?
The Gini coefficient in Rich County is 0.572. 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 Rich County, Utah?
Since 2009, the income gap between men and women in Rich County, Utah has widened from about 44% to 50% in 2023. In dollar terms, the gap has widened by $16,370 since 2009.