(The Center Square) – New data released by the U.S. Census Bureau shows that Idaho led the nation in median household income growth between 2019 and 2023.
Between these years, Idaho’s income growth went up 15.5%. Idaho’s median household income now sits at $74,636. Idaho Department of Labor (IDOL) announced this is a $10,011 wage increase from the previous five-year survey.
The country average for a state during this time span for median household income growth was $5,144.
Idaho’s median household income now is “95% of the nation’s median household income of $78,538,” according to IDOL.
“The news that Idaho median income growth is outpacing every other state is welcome news and not altogether surprising because Idaho is experiencing unprecedented economic prosperity,” Idaho Governor Brad Little said.
“Our success comes from the ingenuity of our businesses, our strong families, good government, and an unrelenting focus on keeping taxes low and supporting businesses. The rest of America wants what Idaho has. What Idaho is doing is WORKING!” he added.
Idaho’s income level now ranks 30 in the country, according to the IDOL.
The counties in Idaho that saw the biggest increase in median household income were Blaine, Madison, Idaho, Gem and Bingham.
Blaine County saw a 33.5% increase, which was the largest in the state.
Only three counties in Idaho had their median household income decrease: Franklin, Power and Benewah.
Franklin County experienced a -4.2% drop.
The Idaho counties with the highest median household income are Teton, Ada, Blaine, Jefferson and Boise.
Over the last five years, Idaho’s population growth has ranked first nationwide, with 2.3%, according to IBIS World. In the same period, the state’s GDP has increased by 4.2%.
As of October, Idaho’s unemployment rate sits at 3.7%.