Hot Springs County, Wyoming Income Statistics
Hot Springs 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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B
Hot Springs County Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,848 | $76,390 | $80,455 |
| Median Personal Income | $50,879 | $58,883 | $60,758 |
| Average Yearly Income Growth | 3.6% | 3.2% | 4.8% |
| Six-Figure Earners | 5.8% | 11.9% | 13.9% |
| $200k+ Households | 4.6% | 8.5% | 13.2% |
The median household income in Hot Springs County is about 20% lower than in Wyoming. Income has been growing faster in Hot Springs County (3.6%/yr) than in Wyoming (3.2%/yr).
About 6% of adults in Hot Springs 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 Hot Springs County, Wyoming grew by 34.4% from 2009 to 2024, reaching $60,848 in 2024. That's an average of about 3.6% per year.
Income Inequality and the Gender Pay Gap in Hot Springs County
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.492 | 0.519 | 0.552 |
| Male Median Income | $54,467 | $70,090 | $69,667 |
| Female Median Income | $52,173 | $50,855 | $56,850 |
| Gender Pay Gap | 4.2% | 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 Hot Springs County, it is 0.492, lower than Wyoming's 0.519, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 4% more than women's income in Hot Springs County, Wyoming. Over a 35-year career, a 4% wage gap accumulates to roughly $80,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hot Springs County, Wyoming has narrowed from about 42% to 4% in 2024. In dollar terms, the gap has narrowed by $16,008 since 2009.
Employment
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 3.7% | 5.2% |
| Working from Home | 9.9% | 9.4% | 15.0% |
| Commute time (minutes) | 8 | 13 | 22 |
Approximately 61 people are unemployed in Hot Springs County, Wyoming.
The average commute time in Hot Springs County is 8 minutes, shorter than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hot Springs County, Wyoming has risen from 2.4% to 2.9% in 2024. Over that period the rate peaked at 4.1% in 2017 and fell as low as 1.4% in 2022.
Hot Springs County, WY Wealth Compared With Nearby Counties
Hot Springs County, WY is the smallest of the 6 counties compared here, 4,620 residents against a local median of 11,828. Hot Springs County, WY's income growth, at 3.6%/yr, runs 19% above the 3.0%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 2.7%/yr on income growth, so Hot Springs County, WY sits at one end of an already wide local range rather than apart from it. Hot Springs 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. |
|---|---|---|---|---|---|
| Hot Springs County, WY | 4,620 | $60,848 #6/6 | 3.6%/yr #3/6 | 2.9% #3/6 | 0.492 #1/6 |
| Fremont County, WY | 39,456 | $66,338 | 2.7%/yr | 7.4% | 0.530 |
| Washakie County, WY | 7,703 | $68,059 | 5.1%/yr | 2.7% | 0.504 |
| Big Horn County, WY | 11,828 | $64,430 | 3.0%/yr | 3.3% | 0.521 |
| Park County, WY | 30,448 | $73,221 | 2.4%/yr | 2.2% | 0.525 |
| Carbon County, MT | 11,116 | $79,608 | 5.1%/yr | 4.4% | 0.525 |
Conclusion
Considering all these factors, Hot Springs 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 Hot Springs County, Wyoming.
How Rich Is Hot Springs County, Wyoming?
Hot Springs 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 $60,848, about 20% lower than the Wyoming average of $76,390.
How fast is household income rising in Hot Springs County, Wyoming?
Between 2009 and 2024, the median household income in Hot Springs County, Wyoming rose 34%, from $45,263 to $60,848. Over the same years, income here lagged behind Wyoming as a whole: +34% against +47%.
What was the median household income in Hot Springs County in 2023?
In 2023, the median household income in Hot Springs County, Wyoming was $67,220, up 6% from $63,355 in 2022. The Wyoming median that year was $74,839.
What was the median household income in Hot Springs County in 2020?
In 2020, the median household income in Hot Springs County, Wyoming was $55,048. By 2024 it had risen 11% to $60,848.
What is the Gini coefficient in Hot Springs County, Wyoming?
The Gini coefficient in Hot Springs County is 0.492. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hot Springs County, Wyoming?
Since 2009, the income gap between men and women in Hot Springs County, Wyoming has narrowed from about 42% to 4% in 2024. In dollar terms, the gap has narrowed by $16,008 since 2009.
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