Wealth Index
Among the top 3 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 | Kitsap County | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $98,480 | $95,177 | $78,145 |
| Median Personal Income | $72,389 | $74,356 | $61,726 |
| Average income growth | 6.0% | 6.0% | 5.1% |
| Six-Figure Earners | 17.2% | 18.1% | 13.2% |
The median household income in Kitsap County is about 3% higher than in Washington. Income has been growing faster in Kitsap County (6.0%/yr) than in Washington (6.0%/yr).
About 17% of adults in Kitsap 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 Kitsap County, Washington grew by 64.6% from 2009 to 2023, reaching $98,480 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Kitsap County | Gender Pay Gap | Gini Coefficient
| Metric | Kitsap County | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.554 | 0.570 |
| Male Median Income | $79,329 | $82,830 | $67,746 |
| Female Median Income | $62,895 | $65,517 | $54,793 |
| Gender Pay Gap | 20.7% | 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 Kitsap County, it is 0.538, 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 26% more than women's income in Kitsap County, Washington. Over a 35-year career, a 26% wage gap accumulates to roughly $575,190 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kitsap County, Washington has narrowed from about 30% to 21% in 2023. In dollar terms, the gap has narrowed by $612 since 2009.
Employment
| Metric | Kitsap County | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.9% | 5.2% |
| Working from Home | 13.2% | 17.7% | 13.4% |
| Commute time (minutes) | 22 | 22 | 22 |
Approximately 6,119 people are unemployed in Kitsap County, Washington.
The average commute time in Kitsap County is 22 minutes, about the same as in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kitsap County, Washington has fallen from 8.2% to 4.4% in 2023.
Conclusion
Considering all these factors, Kitsap County, Washington has an overall wealth index grade of B, making it somewhat better than Washington, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kitsap County, Washington.
How Rich Is Kitsap County, Washington?
Kitsap 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 $98,480, about 3% higher than the Washington average of $95,177.
What is the current median household income in Kitsap County, Washington?
As of 2023, the median household income in Kitsap County, Washington is $98,480.
What was the median household income in Kitsap County in 2023?
In 2023, the median household income in Kitsap County, Washington was $98,480.
What was the median household income in Kitsap County in 2020?
In 2020, the median household income in Kitsap County, Washington was $79,172.
What is the Gini coefficient in Kitsap County, Washington?
The Gini coefficient in Kitsap County is 0.538. 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 Kitsap County, Washington?
Since 2009, the income gap between men and women in Kitsap County, Washington has narrowed from about 30% to 21% in 2023. In dollar terms, the gap has narrowed by $612 since 2009.