Wealth Index
Less wealthy than 89% of counties in Indiana
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 | Blackford County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,299 | $70,132 | $78,145 |
| Median Personal Income | $48,185 | $56,502 | $61,726 |
| Average income growth | 3.0% | 4.8% | 5.1% |
| Six-Figure Earners | 4.9% | 9.6% | 13.2% |
The median household income in Blackford County is about 33% lower than in Indiana. Income has been growing slower in Blackford County (3.0%/yr) than in Indiana (4.8%/yr).
About 5% of adults in Blackford County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Blackford County, Indiana grew by 17.5% from 2009 to 2023, reaching $47,299 in 2023. That's an average of about 3.0% per year.
Economic Inequality in Blackford County | Gender Pay Gap | Gini Coefficient
| Metric | Blackford County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.544 | 0.570 |
| Male Median Income | $53,200 | $63,558 | $67,746 |
| Female Median Income | $38,862 | $49,036 | $54,793 |
| Gender Pay Gap | 27.0% | 22.8% | 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 Blackford County, it is 0.482, lower than Indiana's 0.544, so income is more 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 37% more than women's income in Blackford County, Indiana. Over a 35-year career, a 37% wage gap accumulates to roughly $501,830 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Blackford County, Indiana has narrowed from about 31% to 27% in 2023. In dollar terms, the gap has widened by $814 since 2009.
Employment
| Metric | Blackford County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.5% | 4.3% | 5.2% |
| Working from Home | 10.8% | 9.6% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 290 people are unemployed in Blackford County, Indiana.
The average commute time in Blackford County is 23 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Blackford County, Indiana has fallen from 12.9% to 5.5% in 2023.
Conclusion
Considering all these factors, Blackford County, Indiana has an overall wealth index grade of D, making it somewhat worse than Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Blackford County, Indiana.
How Rich Is Blackford County, Indiana?
Blackford 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 $47,299, about 33% lower than the Indiana average of $70,132.
What is the current median household income in Blackford County, Indiana?
As of 2023, the median household income in Blackford County, Indiana is $47,299.
What was the median household income in Blackford County in 2023?
In 2023, the median household income in Blackford County, Indiana was $47,299.
What was the median household income in Blackford County in 2020?
In 2020, the median household income in Blackford County, Indiana was $44,357.
What is the Gini coefficient in Blackford County, Indiana?
The Gini coefficient in Blackford County is 0.482. 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 Blackford County, Indiana?
Since 2009, the income gap between men and women in Blackford County, Indiana has narrowed from about 31% to 27% in 2023. In dollar terms, the gap has widened by $814 since 2009.