Wealth Index
Among the top 5 wealthiest counties in Washington
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 | Clark County | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,200 | $95,177 | $78,145 |
| Median Personal Income | $70,627 | $74,356 | $61,726 |
| Average income growth | 6.0% | 6.0% | 5.1% |
| Six-Figure Earners | 15.6% | 18.1% | 13.2% |
The median household income in Clark County is about the same as in Washington. Income has been growing faster in Clark County (6.0%/yr) than in Washington (6.0%/yr).
About 16% of adults in Clark County earn six figures ($100,000 or more) a year, lower than the Washington average of 18%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Clark County, Washington grew by 63.4% from 2009 to 2023, reaching $95,200 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Clark County | Gender Pay Gap | Gini Coefficient
| Metric | Clark County | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.554 | 0.570 |
| Male Median Income | $78,252 | $82,830 | $67,746 |
| Female Median Income | $61,049 | $65,517 | $54,793 |
| Gender Pay Gap | 22.0% | 20.9% | 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 Clark County, it is 0.549, lower than Washington's 0.554, 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 28% more than women's income in Clark County, Washington. Over a 35-year career, a 28% wage gap accumulates to roughly $602,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clark County, Washington has narrowed from about 26% to 22% in 2023. In dollar terms, the gap has widened by $3,314 since 2009.
Employment
| Metric | Clark County | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.9% | 5.2% |
| Working from Home | 17.3% | 17.7% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 13,517 people are unemployed in Clark County, Washington.
The average commute time in Clark County is 21 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clark County, Washington has fallen from 10.3% to 5.2% in 2023.
Conclusion
Considering all these factors, Clark County, Washington has an overall wealth index grade of B, making it about on par with Washington, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clark County, Washington.
How Rich Is Clark County, Washington?
Clark 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 $95,200, close to the Washington average of $95,177.
What is the current median household income in Clark County, Washington?
As of 2023, the median household income in Clark County, Washington is $95,200.
What was the median household income in Clark County in 2023?
In 2023, the median household income in Clark County, Washington was $95,200.
What was the median household income in Clark County in 2020?
In 2020, the median household income in Clark County, Washington was $77,360.
What is the Gini coefficient in Clark County, Washington?
The Gini coefficient in Clark County is 0.549. 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 Clark County, Washington?
Since 2009, the income gap between men and women in Clark County, Washington has narrowed from about 26% to 22% in 2023. In dollar terms, the gap has widened by $3,314 since 2009.