Wealth Index
Wealthier than 73% of counties in Wyoming
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 | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $79,566 | $74,833 | $78,145 |
| Median Personal Income | $63,089 | $59,992 | $61,726 |
| Average income growth | 3.0% | 3.4% | 5.1% |
| Six-Figure Earners | 11.4% | 11.4% | 13.2% |
The median household income in Converse County is about 6% higher than in Wyoming. Income has been growing slower in Converse County (3.0%/yr) than in Wyoming (3.4%/yr).
About 11% of adults in Converse County earn six figures ($100,000 or more) a year, about the same as the Wyoming average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Converse County, Wyoming grew by 43.0% from 2009 to 2023, reaching $79,566 in 2023. That's an average of about 3.0% per year.
Economic Inequality in Converse County | Gender Pay Gap | Gini Coefficient
| Metric | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.531 | 0.570 |
| Male Median Income | $71,966 | $68,774 | $67,746 |
| Female Median Income | $43,749 | $48,475 | $54,793 |
| Gender Pay Gap | 39.2% | 29.5% | 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 Converse County, it is 0.534, about the same as Wyoming's 0.531, 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 64% more than women's income in Converse County, Wyoming. Over a 35-year career, a 64% wage gap accumulates to roughly $987,595 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Converse County, Wyoming has narrowed from about 42% to 39% in 2023. In dollar terms, the gap has widened by $5,900 since 2009.
Employment
| Metric | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.5% | 3.7% | 5.2% |
| Working from Home | 6.7% | 8.5% | 13.4% |
| Commute time (minutes) | 13 | 13 | 22 |
Approximately 242 people are unemployed in Converse County, Wyoming.
The average commute time in Converse County is 13 minutes, about the same as in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Converse County, Wyoming has fallen from 4.3% to 3.5% in 2023.
Conclusion
Considering all these factors, Converse County, Wyoming has an overall wealth index grade of B, making it somewhat better than Wyoming, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Converse County, Wyoming.
How Rich Is Converse County, Wyoming?
Converse 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 $79,566, about 6% higher than the Wyoming average of $74,833.
What is the current median household income in Converse County, Wyoming?
As of 2023, the median household income in Converse County, Wyoming is $79,566.
What was the median household income in Converse County in 2023?
In 2023, the median household income in Converse County, Wyoming was $79,566.
What was the median household income in Converse County in 2020?
In 2020, the median household income in Converse County, Wyoming was $74,353.
What is the Gini coefficient in Converse County, Wyoming?
The Gini coefficient in Converse County is 0.534. 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 Converse County, Wyoming?
Since 2009, the income gap between men and women in Converse County, Wyoming has narrowed from about 42% to 39% in 2023. In dollar terms, the gap has widened by $5,900 since 2009.