Wealth Index
Less wealthy 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 | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Household Income | $84,986 | $74,833 | $78,145 |
| Median Personal Income | $70,889 | $59,992 | $61,726 |
| Average income growth | 6.9% | 3.4% | 5.1% |
| Six-Figure Earners | 11.0% | 11.4% | 13.2% |
The median household income in Weston County is about 14% higher than in Wyoming. Income has been growing faster in Weston County (6.9%/yr) than in Wyoming (3.4%/yr).
About 11% of adults in Weston 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 Weston County, Wyoming grew by 60.4% from 2009 to 2023, reaching $84,986 in 2023. That's an average of about 6.9% per year.
Economic Inequality in Weston County | Gender Pay Gap | Gini Coefficient
| Metric | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.554 | 0.531 | 0.570 |
| Male Median Income | $85,400 | $68,774 | $67,746 |
| Female Median Income | $45,406 | $48,475 | $54,793 |
| Gender Pay Gap | 46.8% | 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 Weston County, it is 0.554, 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 88% more than women's income in Weston County, Wyoming. Over a 35-year career, a 88% wage gap accumulates to roughly $1,399,790 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Weston County, Wyoming has widened from about 38% to 47% in 2023. In dollar terms, the gap has widened by $19,106 since 2009.
Employment
| Metric | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.4% | 3.7% | 5.2% |
| Working from Home | 5.1% | 8.5% | 13.4% |
| Commute time (minutes) | 11 | 13 | 22 |
Approximately 45 people are unemployed in Weston County, Wyoming.
The average commute time in Weston County is 11 minutes, shorter than the 13 minutes in Wyoming.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Weston County, Wyoming has fallen from 3.3% to 1.4% in 2023.
Conclusion
Considering all these factors, Weston County, Wyoming has an overall wealth index grade of C, making it about on par with Wyoming, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Weston County, Wyoming.
How Rich Is Weston County, Wyoming?
Weston County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $84,986, about 14% higher than the Wyoming average of $74,833.
What is the current median household income in Weston County, Wyoming?
As of 2023, the median household income in Weston County, Wyoming is $84,986.
What was the median household income in Weston County in 2023?
In 2023, the median household income in Weston County, Wyoming was $84,986.
What was the median household income in Weston County in 2020?
In 2020, the median household income in Weston County, Wyoming was $53,836.
What is the Gini coefficient in Weston County, Wyoming?
The Gini coefficient in Weston County is 0.554. 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 Weston County, Wyoming?
Since 2009, the income gap between men and women in Weston County, Wyoming has widened from about 38% to 47% in 2023. In dollar terms, the gap has widened by $19,106 since 2009.