Wealth Index
Wealthier than 76% of 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 | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $88,995 | $95,177 | $78,145 |
| Median Personal Income | $69,810 | $74,356 | $61,726 |
| Average income growth | 7.9% | 6.0% | 5.1% |
| Six-Figure Earners | 13.5% | 18.1% | 13.2% |
The median household income in Skamania County is about 6% lower than in Washington. Income has been growing faster in Skamania County (7.9%/yr) than in Washington (6.0%/yr).
About 13% of adults in Skamania 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 Skamania County, Washington grew by 91.7% from 2009 to 2023, reaching $88,995 in 2023. That's an average of about 7.9% per year.
Economic Inequality in Skamania County | Gender Pay Gap | Gini Coefficient
| Metric | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.532 | 0.554 | 0.570 |
| Male Median Income | $76,466 | $82,830 | $67,746 |
| Female Median Income | $60,859 | $65,517 | $54,793 |
| Gender Pay Gap | 20.4% | 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 Skamania County, it is 0.532, 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 Skamania County, Washington. Over a 35-year career, a 26% wage gap accumulates to roughly $546,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Skamania County, Washington has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has widened by $2,296 since 2009.
Employment
| Metric | Skamania County | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.9% | 5.2% |
| Working from Home | 17.1% | 17.7% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 348 people are unemployed in Skamania County, Washington.
The average commute time in Skamania County is 25 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Skamania County, Washington has fallen from 7.6% to 5.7% in 2023.
Conclusion
Considering all these factors, Skamania 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 Skamania County, Washington.
How Rich Is Skamania County, Washington?
Skamania 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 $88,995, about 6% lower than the Washington average of $95,177.
What is the current median household income in Skamania County, Washington?
As of 2023, the median household income in Skamania County, Washington is $88,995.
What was the median household income in Skamania County in 2023?
In 2023, the median household income in Skamania County, Washington was $88,995.
What was the median household income in Skamania County in 2020?
In 2020, the median household income in Skamania County, Washington was $69,318.
What is the Gini coefficient in Skamania County, Washington?
The Gini coefficient in Skamania County is 0.532. 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 Skamania County, Washington?
Since 2009, the income gap between men and women in Skamania County, Washington has narrowed from about 29% to 20% in 2023. In dollar terms, the gap has widened by $2,296 since 2009.