Wealth Index
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 | Utah County | Utah Avg | US Average |
|---|---|---|---|
| Median Household Income | $97,291 | $92,351 | $78,145 |
| Median Personal Income | $62,949 | $62,002 | $61,726 |
| Average income growth | 6.1% | 5.7% | 5.1% |
| Six-Figure Earners | 12.7% | 12.5% | 13.2% |
The median household income in Utah County is about 5% higher than in Utah. Income has been growing faster in Utah County (6.1%/yr) than in Utah (5.7%/yr).
About 13% of adults in Utah County earn six figures ($100,000 or more) a year, about the same as the Utah average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Utah County, Utah grew by 70.1% from 2009 to 2023, reaching $97,291 in 2023. That's an average of about 6.1% per year.
Economic Inequality in Utah County | Gender Pay Gap | Gini Coefficient
| Metric | Utah County | Utah Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.618 | 0.571 | 0.570 |
| Male Median Income | $74,756 | $70,891 | $67,746 |
| Female Median Income | $47,883 | $50,597 | $54,793 |
| Gender Pay Gap | 35.9% | 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 Utah County, it is 0.618, higher than Utah's 0.571, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 56% more than women's income in Utah County, Utah. Over a 35-year career, a 56% wage gap accumulates to roughly $940,555 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Utah County, Utah has narrowed from about 39% to 36% in 2023. In dollar terms, the gap has widened by $7,541 since 2009.
Employment
| Metric | Utah County | Utah Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.4% | 5.2% |
| Working from Home | 17.2% | 16.0% | 13.4% |
| Commute time (minutes) | 18 | 18 | 22 |
Approximately 12,373 people are unemployed in Utah County, Utah.
The average commute time in Utah County is 18 minutes, about the same as in Utah.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Utah County, Utah has fallen from 6.1% to 3.5% in 2023.
Conclusion
Considering all these factors, Utah County, Utah has an overall wealth index grade of C, making it about on par with Utah, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Utah County, Utah.
How Wealthy Is Utah County, Utah?
Utah County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $97,291, about 5% higher than the Utah average of $92,351.
What is the current median household income in Utah County, Utah?
As of 2023, the median household income in Utah County, Utah is $97,291.
What was the median household income in Utah County in 2023?
In 2023, the median household income in Utah County, Utah was $97,291.
What was the median household income in Utah County in 2020?
In 2020, the median household income in Utah County, Utah was $77,490.
What is the Gini coefficient in Utah County, Utah?
The Gini coefficient in Utah County is 0.618. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Utah County, Utah?
Since 2009, the income gap between men and women in Utah County, Utah has narrowed from about 39% to 36% in 2023. In dollar terms, the gap has widened by $7,541 since 2009.