Spanish Fork, Utah Income Statistics
Spanish Fork 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.
-
B
Spanish Fork Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spanish Fork | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,418 | $95,466 | $80,455 |
| Median Personal Income | $58,367 | $60,264 | $60,758 |
| Average Yearly Income Growth | 5.6% | 5.4% | 4.8% |
| Six-Figure Earners | 11.7% | 13.4% | 13.9% |
| $200k+ Households | 12.2% | 13.9% | 13.2% |
The median household income in Spanish Fork is about 8% higher than in Utah. Income has been growing faster in Spanish Fork (5.6%/yr) than in Utah (5.4%/yr).
About 12% of adults in Spanish Fork earn six figures ($100,000 or more) a year, lower than the Utah average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Spanish Fork, Utah grew by 74.2% from 2009 to 2024, reaching $103,418 in 2024. That's an average of about 5.6% per year.
Income Inequality and the Gender Pay Gap in Spanish Fork
| Metric | Spanish Fork | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.551 | 0.552 |
| Male Median Income | $74,652 | $72,887 | $69,667 |
| Female Median Income | $49,315 | $53,079 | $56,850 |
| Gender Pay Gap | 33.9% | 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 Spanish Fork, it is 0.552, about the same as Utah's 0.551, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 51% more than women's income in Spanish Fork, Utah. Over a 35-year career, a 51% wage gap accumulates to roughly $886,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spanish Fork, Utah has narrowed from about 38% to 34% in 2024. Over that period the gap was widest at 40% in 2014. In dollar terms, the gap has widened by $7,962 since 2009.
Employment
| Metric | Spanish Fork | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 3.5% | 5.2% |
| Working from Home | 14.9% | 17.6% | 15.0% |
| Commute time (minutes) | 17 | 18 | 22 |
Approximately 510 people are unemployed in Spanish Fork, Utah.
The average commute time in Spanish Fork is 17 minutes, shorter than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spanish Fork, Utah has fallen from 5.9% to 2.6% in 2024. Over that period the rate peaked at 6.9% in 2014 and fell as low as 1.8% in 2021.
Spanish Fork, UT Wealth Compared With Nearby Cities
How Spanish Fork, UT compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Spanish Fork, UT | 39,801 | $103,418 #1/2 | 5.6%/yr #1/2 | 2.6% #1/2 | 0.552 #1/2 |
| Springville, UT | 32,159 | $88,183 | 5.3%/yr | 3.1% | 0.559 |
Conclusion
Considering all these factors, Spanish Fork, 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 Spanish Fork, Utah.
How Rich Is Spanish Fork, Utah?
Spanish Fork 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 $103,418, about 8% higher than the Utah average of $95,466.
How has median household income changed in Spanish Fork, Utah?
Between 2009 and 2024, the median household income in Spanish Fork, Utah rose 74%, from $59,384 to $103,418. Over the same years, income here outpaced Utah as a whole: +74% against +71%.
What was the median household income in Spanish Fork in 2023?
In 2023, the median household income in Spanish Fork, Utah was $96,981, up 2% from $94,725 in 2022. The Utah median that year was $92,352.
What was the median household income in Spanish Fork in 2020?
In 2020, the median household income in Spanish Fork, Utah was $80,005. By 2024 it had risen 29% to $103,418.
What is the Gini coefficient in Spanish Fork, Utah?
The Gini coefficient in Spanish Fork is 0.552. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Spanish Fork, Utah?
Since 2009, the income gap between men and women in Spanish Fork, Utah has narrowed from about 38% to 34% in 2024. Over that period the gap was widest at 40% in 2014. In dollar terms, the gap has widened by $7,962 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →