Wealth Index
Wealthier than 82% of 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 | Tooele County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $102,158 | $92,351 | $78,145 |
| Median Personal Income | $60,936 | $62,002 | $61,726 |
| Average income growth | 6.9% | 5.7% | 5.1% |
| Six-Figure Earners | 10.6% | 12.5% | 13.2% |
The median household income in Tooele County is about 11% higher than in Utah. Income has been growing faster in Tooele County (6.9%/yr) than in Utah (5.7%/yr).
About 11% of adults in Tooele 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 Tooele County, Utah grew by 69.4% from 2009 to 2023, reaching $102,158 in 2023. That's an average of about 6.9% per year.
Economic Inequality in Tooele County | Gender Pay Gap | Gini Coefficient
| Metric | Tooele County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.542 | 0.571 | 0.570 |
| Male Median Income | $69,746 | $70,891 | $67,746 |
| Female Median Income | $48,407 | $50,597 | $54,793 |
| Gender Pay Gap | 30.6% | 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 Tooele County, it is 0.542, lower than Utah's 0.571, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 44% more than women's income in Tooele County, Utah. Over a 35-year career, a 44% wage gap accumulates to roughly $746,865 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Tooele County, Utah has stayed about the same since 2009, at around 31%. In dollar terms, the gap has widened by $5,850 since 2009.
Employment
| Metric | Tooele County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 3.4% | 5.2% |
| Working from Home | 13.7% | 16.0% | 13.4% |
| Commute time (minutes) | 30 | 18 | 22 |
Approximately 1,424 people are unemployed in Tooele County, Utah.
The average commute time in Tooele County is 30 minutes, longer than the 18 minutes in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Tooele County, Utah has fallen from 5.7% to 3.6% in 2023.
Conclusion
Considering all these factors, Tooele County, 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 Tooele County, Utah.
How Rich Is Tooele County, Utah?
Tooele County 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 $102,158, about 11% higher than the Utah average of $92,351.
What is the current median household income in Tooele County, Utah?
As of 2023, the median household income in Tooele County, Utah is $102,158.
What was the median household income in Tooele County in 2023?
In 2023, the median household income in Tooele County, Utah was $102,158.
What was the median household income in Tooele County in 2020?
In 2020, the median household income in Tooele County, Utah was $77,544.
What is the Gini coefficient in Tooele County, Utah?
The Gini coefficient in Tooele County is 0.542. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Tooele County, Utah?
The income gap between men and women in Tooele County, Utah has stayed about the same since 2009, at around 31%. In dollar terms, the gap has widened by $5,850 since 2009.