Taylorsville, Utah Income Statistics
Taylorsville 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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B
Taylorsville Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Taylorsville | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $87,628 | $95,466 | $80,455 |
| Median Personal Income | $52,422 | $60,264 | $60,758 |
| Average Yearly Income Growth | 5.2% | 5.4% | 4.8% |
| Six-Figure Earners | 8.5% | 13.4% | 13.9% |
| $200k+ Households | 8.7% | 13.9% | 13.2% |
The median household income in Taylorsville is about 8% lower than in Utah. Income has been growing slower in Taylorsville (5.2%/yr) than in Utah (5.4%/yr).
About 9% of adults in Taylorsville 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 Taylorsville, Utah grew by 59.1% from 2009 to 2024, reaching $87,628 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Taylorsville
| Metric | Taylorsville | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.499 | 0.551 | 0.552 |
| Male Median Income | $60,788 | $72,887 | $69,667 |
| Female Median Income | $49,211 | $53,079 | $56,850 |
| Gender Pay Gap | 19.0% | 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 Taylorsville, it is 0.499, lower than Utah's 0.551, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 24% more than women's income in Taylorsville, Utah. Over a 35-year career, a 24% wage gap accumulates to roughly $405,195 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Taylorsville, Utah has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 23% in 2014, and was narrowest at 17% in 2019. In dollar terms, the gap has widened by $3,958 since 2009.
Employment
| Metric | Taylorsville | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 3.5% | 5.2% |
| Working from Home | 14.6% | 17.6% | 15.0% |
| Commute time (minutes) | 20 | 18 | 22 |
Approximately 1,470 people are unemployed in Taylorsville, Utah.
The average commute time in Taylorsville is 20 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Taylorsville, Utah has fallen from 7.9% to 4.3% in 2024. Over that period the rate peaked at 8.5% in 2013 and fell as low as 4.2% in 2023.
Taylorsville, UT Wealth Compared With Nearby Cities
Taylorsville, UT is the 2nd largest of the 6 cities compared here, 61,499 residents against a local median of 34,643. Taylorsville, 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 income growth, 10% below the local median at 5.2%/yr against 5.8%/yr. Taylorsville, UT has the 5th highest income growth of the 6 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. |
|---|---|---|---|---|---|
| Taylorsville, UT | 61,499 | $87,628 #2/6 | 5.2%/yr #5/6 | 4.3% #3/6 | 0.499 #2/6 |
| Kearns, UT | 34,302 | $87,593 | 5.5%/yr | 6.2% | 0.496 |
| Murray, UT | 50,269 | $87,531 | 5.8%/yr | 4.0% | 0.500 |
| South Salt Lake, UT | 27,794 | $70,087 | 8.0%/yr | 4.8% | 0.512 |
| West Valley City, UT | 133,435 | $91,490 | 6.2%/yr | 4.5% | 0.517 |
| Midvale, UT | 34,643 | $74,747 | 4.3%/yr | 3.0% | 0.510 |
Conclusion
Considering all these factors, Taylorsville, Utah has an overall wealth index grade of B, making it about on par with Utah, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Taylorsville, Utah.
How Rich Is Taylorsville, Utah?
Taylorsville 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 $87,628, about 8% lower than the Utah average of $95,466.
How has median household income changed in Taylorsville, Utah?
Between 2009 and 2024, the median household income in Taylorsville, Utah rose 59%, from $55,065 to $87,628. Over the same years, income here lagged behind Utah as a whole: +59% against +71%.
What was the median household income in Taylorsville in 2023?
In 2023, the median household income in Taylorsville, Utah was $86,285, up 6% from $81,331 in 2022. The Utah median that year was $92,352.
What was the median household income in Taylorsville in 2020?
In 2020, the median household income in Taylorsville, Utah was $67,453. By 2024 it had risen 30% to $87,628.
What is the Gini coefficient in Taylorsville, Utah?
The Gini coefficient in Taylorsville is 0.499. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Taylorsville, Utah?
The income gap between men and women in Taylorsville, Utah has stayed about the same since 2009, at around 19%. Over that period the gap was widest at 23% in 2014, and was narrowest at 17% in 2019. In dollar terms, the gap has widened by $3,958 since 2009.
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