Saratoga Springs, Utah Income Statistics
Saratoga Springs Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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A
Saratoga Springs Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Saratoga Springs | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $124,954 | $95,466 | $80,455 |
| Median Personal Income | $73,189 | $60,264 | $60,758 |
| Average Yearly Income Growth | 6.3% | 5.4% | 4.8% |
| Six-Figure Earners | 18.5% | 13.4% | 13.9% |
| $200k+ Households | 16.7% | 13.9% | 13.2% |
The median household income in Saratoga Springs is about 31% higher than in Utah. Income has been growing faster in Saratoga Springs (6.3%/yr) than in Utah (5.4%/yr).
About 19% of adults in Saratoga Springs earn six figures ($100,000 or more) a year, higher than the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Saratoga Springs, Utah grew by 90.0% from 2009 to 2024, reaching $124,954 in 2024. That's an average of about 6.3% per year.
Income Inequality and the Gender Pay Gap in Saratoga Springs
| Metric | Saratoga Springs | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.577 | 0.551 | 0.552 |
| Male Median Income | $93,421 | $72,887 | $69,667 |
| Female Median Income | $55,925 | $53,079 | $56,850 |
| Gender Pay Gap | 40.1% | 27.2% | 18.4% |
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 Saratoga Springs, it is 0.577, higher than Utah's 0.551, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 67% more than women's income in Saratoga Springs, Utah. Over a 35-year career, a 67% wage gap accumulates to roughly $1,312,360 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Saratoga Springs, Utah has widened from about 37% to 40% in 2024. Over that period the gap was widest at 45% in 2022, and was narrowest at 37% in 2018. In dollar terms, the gap has widened by $18,037 since 2009.
Sharply against the trend: the pay gap in Saratoga Springs widened by 2.8 points while Utah's narrowed by 3.0 points.
Employment
| Metric | Saratoga Springs | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.2% | 3.5% | 5.2% |
| Working from Home | 23.1% | 17.6% | 15.0% |
| Commute time (minutes) | 28 | 18 | 22 |
Approximately 566 people are unemployed in Saratoga Springs, Utah.
The average commute time in Saratoga Springs is 28 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Saratoga Springs, Utah has fallen from 4.0% to 3.2% in 2024. Over that period the rate peaked at 6.4% in 2013 and fell as low as 2.5% in 2023.
Saratoga Springs, UT Wealth Compared With Nearby Cities
Saratoga Springs, UT is typical in size for this group, 38,082 residents against a local median of 40,541, so the measures below are close to a like for like comparison. Saratoga Springs, UT sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these cities turns on things this data does not capture.
The largest of those small differences is unemployment, 15% below the local median at 3.2% against 3.8%. Saratoga Springs, UT has the 2nd lowest unemployment of the 4 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Saratoga Springs, UT | 38,082 | $124,954 #2/4 | 6.3%/yr #2/4 | 3.2% #2/4 | 0.577 #4/4 |
| Lehi, UT | 80,979 | $133,884 | 6.4%/yr | 4.0% | 0.567 |
| Eagle Mountain, UT | 40,541 | $115,662 | 6.1%/yr | 3.8% | 0.563 |
| American Fork, UT | 34,445 | $99,500 | 4.4%/yr | 2.8% | 0.570 |
Conclusion
Considering all these factors, Saratoga Springs, Utah has an overall wealth index grade of A, making it notably better than Utah, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Saratoga Springs, Utah.
How Rich Is Saratoga Springs, Utah?
Saratoga Springs has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $124,954, about 31% higher than the Utah average of $95,466.
Are incomes growing in Saratoga Springs, Utah?
Between 2009 and 2024, the median household income in Saratoga Springs, Utah rose 90%, from $65,760 to $124,954. Over the same years, income here outpaced Utah as a whole: +90% against +71%.
What was the median household income in Saratoga Springs in 2023?
In 2023, the median household income in Saratoga Springs, Utah was $115,629, up 3% from $112,275 in 2022. The Utah median that year was $92,352.
What was the median household income in Saratoga Springs in 2020?
In 2020, the median household income in Saratoga Springs, Utah was $99,595. By 2024 it had risen 25% to $124,954.
How many people earn six figures in Saratoga Springs, Utah?
Yes. 19% of adults in Saratoga Springs, Utah earn $100,000 or more a year (about 1 in 5), against 13% (about 1 in 7) in Utah. 17% of households have a combined income of $200,000 or more, compared with 14% in Utah.
What is the Gini coefficient in Saratoga Springs, Utah?
The Gini coefficient in Saratoga Springs is 0.577. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Saratoga Springs, Utah?
Since 2009, the income gap between men and women in Saratoga Springs, Utah has widened from about 37% to 40% in 2024. Over that period the gap was widest at 45% in 2022, and was narrowest at 37% in 2018. In dollar terms, the gap has widened by $18,037 since 2009.
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