Idaho Department of Labor
12/16/2024 | Press release | Distributed by Public on 12/16/2024 16:32
Idaho leads nation in income growth rate and dollar change
NEWS RELEASE
For Immediate Release: Dec. 16, 2024
Media Contact: [email protected]
The U.S. Census Bureau's 2019-2023 American Community Survey (ACS) release shows Idaho leads the nation in median household income growth rate at 15.5%, compared with the previous survey for 2014-2018.
In addition, Idaho's median household income increased by $10,011 from the previous five-year survey, doubling the nation's uptick of $5,144 and higher than the other 49 states and District of Columbia.
Arizona ranked second for its growth rate at 12.3% and California ranked second for median household income dollar change which increased by $9,630. The nation's income growth rate was 7%.
Idaho's median household income was 95% of the nation's median household income of $78,538. Idaho's level of income moved up in ranking compared with the previous survey from 39th to 30th nationally, yet its level was lower than all neighboring states except Montana.
Most of Idaho's counties, both rural and urban, experienced gains with the highest growth rate in Blaine County at 33.5%, an increase of $21,210. Only three counties lost growth between the five-year periods: Benewah (-.1%), Power (-1.8%) and Franklin (-4.2%). There were 14 Idaho counties that grew faster than Idaho's growth rate of 15.5%.
ACS data from 2019-2023 can be downloaded from the U.S. Census Bureau website tool.
A summary of statistics will be included in the workforce trend reports on the Idaho Department of Labor's labor market information website. Labor economists can provide regional data on request.
Note: 2024 total population estimates and components of change for the nation and states will be released by the U.S. Census Bureau on Thursday.
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