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 | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $71,785 | $74,833 | $78,145 |
| Median Personal Income | $60,718 | $59,992 | $61,726 |
| Average income growth | 3.2% | 3.4% | 5.1% |
| Six-Figure Earners | 11.0% | 11.4% | 13.2% |
The median household income in Natrona County is about 4% lower than in Wyoming. Income has been growing slower in Natrona County (3.2%/yr) than in Wyoming (3.4%/yr).
About 11% of adults in Natrona 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 Natrona County, Wyoming grew by 42.5% from 2009 to 2023, reaching $71,785 in 2023. That's an average of about 3.2% per year.
Economic Inequality in Natrona County | Gender Pay Gap | Gini Coefficient
| Metric | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.531 | 0.570 |
| Male Median Income | $70,935 | $68,774 | $67,746 |
| Female Median Income | $49,310 | $48,475 | $54,793 |
| Gender Pay Gap | 30.5% | 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 Natrona County, it is 0.519, lower than Wyoming's 0.531, so income is more 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 44% more than women's income in Natrona County, Wyoming. Over a 35-year career, a 44% wage gap accumulates to roughly $756,875 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Natrona County, Wyoming has narrowed from about 33% to 30% in 2023. In dollar terms, the gap has widened by $6,513 since 2009.
Employment
| Metric | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 3.7% | 5.2% |
| Working from Home | 9.2% | 8.5% | 13.4% |
| Commute time (minutes) | 15 | 13 | 22 |
Approximately 1,568 people are unemployed in Natrona County, Wyoming.
The average commute time in Natrona County is 15 minutes, longer than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Natrona County, Wyoming has fallen from 5.1% to 3.7% in 2023.
Conclusion
Considering all these factors, Natrona 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 Natrona County, Wyoming.
How Rich Is Natrona County, Wyoming?
Natrona 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 $71,785, about 4% lower than the Wyoming average of $74,833.
What is the current median household income in Natrona County, Wyoming?
As of 2023, the median household income in Natrona County, Wyoming is $71,785.
What was the median household income in Natrona County in 2023?
In 2023, the median household income in Natrona County, Wyoming was $71,785.
What was the median household income in Natrona County in 2020?
In 2020, the median household income in Natrona County, Wyoming was $61,843.
What is the Gini coefficient in Natrona County, Wyoming?
The Gini coefficient in Natrona County is 0.519. 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 Natrona County, Wyoming?
Since 2009, the income gap between men and women in Natrona County, Wyoming has narrowed from about 33% to 30% in 2023. In dollar terms, the gap has widened by $6,513 since 2009.