Wealth Index
Least wealthy county 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 | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,617 | $74,833 | $78,145 |
| Median Personal Income | $49,548 | $59,992 | $61,726 |
| Average income growth | 2.8% | 3.4% | 5.1% |
| Six-Figure Earners | 7.4% | 11.4% | 13.2% |
The median household income in Niobrara County is about 35% lower than in Wyoming. Income has been growing slower in Niobrara County (2.8%/yr) than in Wyoming (3.4%/yr).
About 7% of adults in Niobrara 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 Niobrara County, Wyoming grew by 12.1% from 2009 to 2023, reaching $48,617 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Niobrara County | Gender Pay Gap | Gini Coefficient
| Metric | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.611 | 0.531 | 0.570 |
| Male Median Income | $60,371 | $68,774 | $67,746 |
| Female Median Income | $43,332 | $48,475 | $54,793 |
| Gender Pay Gap | 28.2% | 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 Niobrara County, it is 0.611, higher than Wyoming's 0.531, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 39% more than women's income in Niobrara County, Wyoming. Over a 35-year career, a 39% wage gap accumulates to roughly $596,365 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Niobrara County, Wyoming has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $6,565 since 2009.
Employment
| Metric | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 3.7% | 5.2% |
| Working from Home | 15.0% | 8.5% | 13.4% |
| Commute time (minutes) | 7 | 13 | 22 |
Approximately 36 people are unemployed in Niobrara County, Wyoming.
The average commute time in Niobrara County is 7 minutes, shorter than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Niobrara County, Wyoming has fallen from 3.7% to 3.3% in 2023.
Conclusion
Considering all these factors, Niobrara County, Wyoming has an overall wealth index grade of D, making it somewhat worse than Wyoming, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Niobrara County, Wyoming.
How Rich Is Niobrara County, Wyoming?
Niobrara County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $48,617, about 35% lower than the Wyoming average of $74,833.
What is the current median household income in Niobrara County, Wyoming?
As of 2023, the median household income in Niobrara County, Wyoming is $48,617.
What was the median household income in Niobrara County in 2023?
In 2023, the median household income in Niobrara County, Wyoming was $48,617.
What was the median household income in Niobrara County in 2020?
In 2020, the median household income in Niobrara County, Wyoming was $46,132.
What is the Gini coefficient in Niobrara County, Wyoming?
The Gini coefficient in Niobrara County is 0.611. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Niobrara County, Wyoming?
Since 2009, the income gap between men and women in Niobrara County, Wyoming has widened from about 25% to 28% in 2023. In dollar terms, the gap has widened by $6,565 since 2009.