Albany County, Wyoming Income Statistics
Albany County Wealth Score
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.
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C
Albany County Below averageAmong the 3 least wealthy counties in Wyoming
Source: Map AI Methodology
Income Statistics Overview
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,953 | $76,390 | $80,455 |
| Median Personal Income | $54,120 | $58,883 | $60,758 |
| Average Yearly Income Growth | 4.7% | 3.2% | 4.8% |
| Six-Figure Earners | 9.9% | 11.9% | 13.9% |
| $200k+ Households | 6.8% | 8.5% | 13.2% |
The median household income in Albany County is about 19% lower than in Wyoming. Income has been growing faster in Albany County (4.7%/yr) than in Wyoming (3.2%/yr).
About 10% of adults in Albany County earn six figures ($100,000 or more) a year, lower than the Wyoming average of 12%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Albany County, Wyoming grew by 54.4% from 2009 to 2024, reaching $61,953 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in Albany County
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.519 | 0.552 |
| Male Median Income | $64,918 | $70,090 | $69,667 |
| Female Median Income | $52,503 | $50,855 | $56,850 |
| Gender Pay Gap | 19.1% | 27.4% | 18.4% |
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 Albany County, it is 0.557, higher than Wyoming's 0.519, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 24% more than women's income in Albany County, Wyoming. Over a 35-year career, a 24% wage gap accumulates to roughly $434,525 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Albany County, Wyoming has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 16% in 2018. In dollar terms, the gap has widened by $979 since 2009.
Employment
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.7% | 5.2% |
| Working from Home | 11.1% | 9.4% | 15.0% |
| Commute time (minutes) | 11 | 13 | 22 |
Approximately 853 people are unemployed in Albany County, Wyoming.
The average commute time in Albany County is 11 minutes, shorter than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Albany County, Wyoming has fallen from 4.4% to 3.7% in 2024. Over that period the rate peaked at 5.5% in 2014.
Albany County, WY Wealth Compared With Nearby Counties
Albany County, WY is the 3rd largest of the 6 counties compared here, 38,249 residents against a local median of 14,463. Albany County, WY's income growth, at 4.7%/yr, runs 33% above the 3.5%/yr typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 3.7% against a local median of 4.7%, 22% below it. Every measure here with a clear better direction points the same way, so Albany County, WY is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread 5.9%/yr on income growth, so Albany County, WY sits at one end of an already wide local range rather than apart from it. Albany County, WY has the 3rd highest income growth of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Albany County, WY | 38,249 | $61,953 #5/6 | 4.7%/yr #3/6 | 3.7% #2/6 | 0.557 #6/6 |
| Platte County, WY | 8,612 | $67,844 | 6.7%/yr | 4.6% | 0.540 |
| Larimer County, CO | 367,243 | $93,803 | 5.3%/yr | 4.7% | 0.534 |
| Laramie County, WY | 101,060 | $80,795 | 3.5%/yr | 3.5% | 0.499 |
| Jackson County, CO | 1,372 | $46,316 | 0.8%/yr | 9.2% | 0.514 |
| Carbon County, WY | 14,463 | $70,555 | 2.6%/yr | 4.9% | 0.537 |
Conclusion
Considering all these factors, Albany County, Wyoming has an overall wealth index grade of C, making it somewhat worse than Wyoming, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Albany County, Wyoming.
How Wealthy Is Albany County, Wyoming?
Albany County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $61,953, about 19% lower than the Wyoming average of $76,390.
How fast is household income rising in Albany County, Wyoming?
Between 2009 and 2024, the median household income in Albany County, Wyoming rose 54%, from $40,122 to $61,953. Over the same years, income here outpaced Wyoming as a whole: +54% against +47%.
What was the median household income in Albany County in 2023?
In 2023, the median household income in Albany County, Wyoming was $59,888, up 6% from $56,724 in 2022. The Wyoming median that year was $74,839.
What was the median household income in Albany County in 2020?
In 2020, the median household income in Albany County, Wyoming was $51,609. By 2024 it had risen 20% to $61,953.
What is the Gini coefficient in Albany County, Wyoming?
The Gini coefficient in Albany 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 almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Albany County, Wyoming?
Since 2009, the income gap between men and women in Albany County, Wyoming has narrowed from about 26% to 19% in 2024. Over that period the gap was narrowest at 16% in 2018. In dollar terms, the gap has widened by $979 since 2009.
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