Wealth Index
Less wealthy 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 | Stevens County | Washington Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,229 | $95,177 | $78,145 |
| Median Personal Income | $59,175 | $74,356 | $61,726 |
| Average income growth | 6.0% | 6.0% | 5.1% |
| Six-Figure Earners | 7.9% | 18.1% | 13.2% |
The median household income in Stevens County is about 30% lower than in Washington. Income has been growing slower in Stevens County (6.0%/yr) than in Washington (6.0%/yr).
About 8% of adults in Stevens 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 Stevens County, Washington grew by 57.6% from 2009 to 2023, reaching $66,229 in 2023. That's an average of about 6.0% per year.
Economic Inequality in Stevens County | Gender Pay Gap | Gini Coefficient
| Metric | Stevens County | Washington Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.554 | 0.570 |
| Male Median Income | $63,880 | $82,830 | $67,746 |
| Female Median Income | $50,224 | $65,517 | $54,793 |
| Gender Pay Gap | 21.4% | 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 Stevens County, it is 0.557, about the same as Washington's 0.554, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Stevens County, Washington. Over a 35-year career, a 27% wage gap accumulates to roughly $477,960 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Stevens County, Washington has narrowed from about 26% to 21% in 2023. In dollar terms, the gap has widened by $2,303 since 2009.
Employment
| Metric | Stevens County | Washington Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.2% | 4.9% | 5.2% |
| Working from Home | 9.5% | 17.7% | 13.4% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,006 people are unemployed in Stevens County, Washington.
The average commute time in Stevens County is 23 minutes, longer than the 22 minutes in Washington.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Stevens County, Washington has fallen from 10.2% to 5.2% in 2023.
Conclusion
Considering all these factors, Stevens 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 Stevens County, Washington.
How Rich Is Stevens County, Washington?
Stevens 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 $66,229, about 30% lower than the Washington average of $95,177.
What is the current median household income in Stevens County, Washington?
As of 2023, the median household income in Stevens County, Washington is $66,229.
What was the median household income in Stevens County in 2023?
In 2023, the median household income in Stevens County, Washington was $66,229.
What was the median household income in Stevens County in 2020?
In 2020, the median household income in Stevens County, Washington was $54,449.
What is the Gini coefficient in Stevens County, Washington?
The Gini coefficient in Stevens County is 0.557. 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 Stevens County, Washington?
Since 2009, the income gap between men and women in Stevens County, Washington has narrowed from about 26% to 21% in 2023. In dollar terms, the gap has widened by $2,303 since 2009.