Indicators Idaho

Median household income is the level of income at which half the population has lower incomes and half has higher incomes. Here, we provide information on real median household income, which means the data have been adjusted for inflation.

In Gooding median household income (adjusted for inflation) . . .

was $50,824 in 2019, $49,538 in 1999, and $41,374 in 1989;
ranked 31^st - from highest to lowest - out of the 44 counties in 2019.

To get the most out of this indicator . . .

Ask questions:

· Does your county have relatively high or low median household income?

· Are incomes in your county increasing or decreasing over time?

Look at other indicators:

· “Employment: Employment by industry” – Does your local economy provide jobs in industries that typically have high or low wages?

· “Income and poverty: Per capita income” – Look at per capita income to see the average income per person.

Dig deeper:

· Look at the county rankings for your state and/or view maps to see how your county compares to others.

· Take a Big Picture view of your county.

· If you have specific questions, send us an e-mail.

Note: The Consumer Price Index (CPI) is a measure of inflation. Here we adjusted dollar values by the CPI-U, which is the most commonly used CPI. Using the CPI to put dollar values in “real” terms makes it easier to see “inflation-free” change over time. Our base year is 2020, which means all dollar values are in terms of 2020 dollars. For more information, see (http://www.bls.gov/cpi/home.htm)

Source: 1979: U.S. Bureau of the Census, Census of Population and Housing, (https://www.census.gov/programs-surveys/decennial-census/data/tables.1980.html);
1989 and 1999: U.S. Bureau of the Census, Census of Population and Housing, American Factfinder, (http://factfinder2.census.gov/);
2000-2019: U.S. Bureau of the Census, Small Area Income and Poverty Estimates, (https://www.census.gov/data-tools/demo/saipe/#/?map_geoSelector=aa_c); DATE LAST UPDATED: December 8, 2020; CPI update January 21, 2020.