Wealth Index
Among the 5 least wealthy 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 | Pacific County | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,469 | $95,177 | $78,145 |
| Median Personal Income | $61,629 | $74,356 | $61,726 |
| Average income growth | 7.4% | 6.0% | 5.1% |
| Six-Figure Earners | 8.7% | 18.1% | 13.2% |
The median household income in Pacific County is about 33% lower than in Washington. Income has been growing faster in Pacific County (7.4%/yr) than in Washington (6.0%/yr).
About 9% of adults in Pacific 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 Pacific County, Washington grew by 63.3% from 2009 to 2023, reaching $63,469 in 2023. That's an average of about 7.4% per year.
Economic Inequality in Pacific County | Gender Pay Gap | Gini Coefficient
| Metric | Pacific County | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.554 | 0.570 |
| Male Median Income | $70,498 | $82,830 | $67,746 |
| Female Median Income | $50,595 | $65,517 | $54,793 |
| Gender Pay Gap | 28.2% | 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 Pacific County, it is 0.529, 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 39% more than women's income in Pacific County, Washington. Over a 35-year career, a 39% wage gap accumulates to roughly $696,605 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pacific County, Washington has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $8,698 since 2009.
Employment
| Metric | Pacific County | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 4.9% | 5.2% |
| Working from Home | 14.3% | 17.7% | 13.4% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 468 people are unemployed in Pacific County, Washington.
The average commute time in Pacific County is 15 minutes, shorter than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pacific County, Washington has fallen from 8.4% to 4.8% in 2023.
Conclusion
Considering all these factors, Pacific County, Washington has an overall wealth index grade of D, making it somewhat worse than Washington, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pacific County, Washington.
How Rich Is Pacific County, Washington?
Pacific County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $63,469, about 33% lower than the Washington average of $95,177.
What is the current median household income in Pacific County, Washington?
As of 2023, the median household income in Pacific County, Washington is $63,469.
What was the median household income in Pacific County in 2023?
In 2023, the median household income in Pacific County, Washington was $63,469.
What was the median household income in Pacific County in 2020?
In 2020, the median household income in Pacific County, Washington was $51,472.
What is the Gini coefficient in Pacific County, Washington?
The Gini coefficient in Pacific County is 0.529. 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 Pacific County, Washington?
Since 2009, the income gap between men and women in Pacific County, Washington has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $8,698 since 2009.