Wealth Index
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 | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,264 | $74,833 | $78,145 |
| Median Personal Income | $59,541 | $59,992 | $61,726 |
| Average income growth | 2.4% | 3.4% | 5.1% |
| Six-Figure Earners | 6.8% | 11.4% | 13.2% |
The median household income in Crook County is about 6% lower than in Wyoming. Income has been growing slower in Crook County (2.4%/yr) than in Wyoming (3.4%/yr).
About 7% of adults in Crook County earn six figures ($100,000 or more) a year, lower than the Wyoming average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Crook County, Wyoming grew by 45.3% from 2009 to 2023, reaching $70,264 in 2023. That's an average of about 2.4% per year.
Economic Inequality in Crook County | Gender Pay Gap | Gini Coefficient
| Metric | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.531 | 0.570 |
| Male Median Income | $66,560 | $68,774 | $67,746 |
| Female Median Income | $52,148 | $48,475 | $54,793 |
| Gender Pay Gap | 21.7% | 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 Crook County, it is 0.557, higher than Wyoming's 0.531, so income is less 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 28% more than women's income in Crook County, Wyoming. Over a 35-year career, a 28% wage gap accumulates to roughly $504,420 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Crook County, Wyoming has narrowed from about 33% to 22% in 2023. In dollar terms, the gap has narrowed by $786 since 2009.
Employment
| Metric | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.0% | 3.7% | 5.2% |
| Working from Home | 13.8% | 8.5% | 13.4% |
| Commute time (minutes) | 16 | 13 | 22 |
Approximately 29 people are unemployed in Crook County, Wyoming.
The average commute time in Crook County is 16 minutes, longer than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Crook County, Wyoming has fallen from 1.8% to 1.0% in 2023.
Conclusion
Considering all these factors, Crook County, Wyoming has an overall wealth index grade of B, making it about on par with Wyoming, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Crook County, Wyoming.
How Rich Is Crook County, Wyoming?
Crook 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 $70,264, about 6% lower than the Wyoming average of $74,833.
What is the current median household income in Crook County, Wyoming?
As of 2023, the median household income in Crook County, Wyoming is $70,264.
What was the median household income in Crook County in 2023?
In 2023, the median household income in Crook County, Wyoming was $70,264.
What was the median household income in Crook County in 2020?
In 2020, the median household income in Crook County, Wyoming was $70,223.
What is the Gini coefficient in Crook County, Wyoming?
The Gini coefficient in Crook 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 Crook County, Wyoming?
Since 2009, the income gap between men and women in Crook County, Wyoming has narrowed from about 33% to 22% in 2023. In dollar terms, the gap has narrowed by $786 since 2009.