Boone County, Indiana Income Statistics
Boone County Wealth Score
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.
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A
Boone County Above averageAmong the top 3 wealthiest counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Boone County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,507 | $71,967 | $80,455 |
| Median Personal Income | $77,441 | $55,757 | $60,758 |
| Average Yearly Income Growth | 5.5% | 4.5% | 4.8% |
| Six-Figure Earners | 22.5% | 10.2% | 13.9% |
| $200k+ Households | 23.1% | 8.2% | 13.2% |
The median household income in Boone County is about 55% higher than in Indiana. Income has been growing faster in Boone County (5.5%/yr) than in Indiana (4.5%/yr).
About 23% of adults in Boone County earn six figures ($100,000 or more) a year, higher than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Boone County, Indiana grew by 65.8% from 2009 to 2024, reaching $111,507 in 2024. That's an average of about 5.5% per year.
Income Inequality and the Gender Pay Gap in Boone County
| Metric | Boone County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.534 | 0.552 |
| Male Median Income | $92,904 | $65,086 | $69,667 |
| Female Median Income | $68,582 | $51,220 | $56,850 |
| Gender Pay Gap | 26.2% | 21.3% | 18.4% |
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 Boone County, it is 0.522, lower than Indiana's 0.534, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 35% more than women's income in Boone County, Indiana. Over a 35-year career, a 35% wage gap accumulates to roughly $851,270 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Boone County, Indiana has narrowed from about 30% to 26% in 2024. Over that period the gap was widest at 32% in 2017, and was narrowest at 22% in 2022. In dollar terms, the gap has widened by $6,866 since 2009.
Employment
| Metric | Boone County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 4.3% | 5.2% |
| Working from Home | 20.2% | 10.7% | 15.0% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 1,118 people are unemployed in Boone County, Indiana.
The average commute time in Boone County is 22 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Boone County, Indiana has fallen from 4.5% to 2.8% in 2024. Over that period the rate peaked at 4.8% in 2014 and fell as low as 1.9% in 2019.
Boone County, IN Wealth Compared With Nearby Counties
Boone County, IN is the 4th largest of the 6 counties compared here, 74,718 residents against a local median of 183,344. Where Boone County, IN breaks from the counties next to it is median household income, sitting 57% above the local median of $71,247 at $111,507. That is the better end of the local range on this measure.
Income growth tells the same story from another angle: 5.5%/yr against a local median of 4.3%/yr, 28% above it. Every measure here with a clear better direction points the same way, so Boone County, IN is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $56,221 on median household income, so Boone County, IN sits at one end of an already wide local range rather than apart from it. Boone County, IN has the 2nd highest median household income of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Boone County, IN | 74,718 | $111,507 #2/6 | 5.5%/yr #1/6 | 2.8% #4/6 | 0.522 #5/6 |
| Clinton County, IN | 32,944 | $65,223 | 3.4%/yr | 2.6% | 0.494 |
| Hendricks County, IN | 183,344 | $101,287 | 4.3%/yr | 2.6% | 0.517 |
| Hamilton County, IN | 365,056 | $121,444 | 4.1%/yr | 2.8% | 0.517 |
| Montgomery County, IN | 38,312 | $71,247 | 4.5%/yr | 3.3% | 0.517 |
| Marion County, IN | 971,946 | $66,629 | 5.5%/yr | 5.0% | 0.528 |
Conclusion
Considering all these factors, Boone County, Indiana has an overall wealth index grade of A, making it notably better than Indiana, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Boone County, Indiana.
How Rich Is Boone County, Indiana?
Boone County has a wealth index grade of A. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A grade means residents are much better off than the U.S. average. The median household income is $111,507, about 55% higher than the Indiana average of $71,967.
Are incomes growing in Boone County, Indiana?
Between 2009 and 2024, the median household income in Boone County, Indiana rose 66%, from $67,249 to $111,507. Over the same years, income here outpaced Indiana as a whole: +66% against +52%.
What was the median household income in Boone County in 2023?
In 2023, the median household income in Boone County, Indiana was $105,791, up 2% from $103,691 in 2022. The Indiana median that year was $70,115.
What was the median household income in Boone County in 2020?
In 2020, the median household income in Boone County, Indiana was $90,090. By 2024 it had risen 24% to $111,507.
How many people earn six figures in Boone County, Indiana?
Yes. 23% of adults in Boone County, Indiana earn $100,000 or more a year (about 1 in 4), against 10% (about 1 in 10) in Indiana. 23% of households have a combined income of $200,000 or more, compared with 8% in Indiana.
How strong is the job market in Boone County, Indiana?
Unemployment in Boone County, Indiana is only 2.8%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Boone County, Indiana?
The Gini coefficient in Boone County is 0.522. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Boone County, Indiana?
Since 2009, the income gap between men and women in Boone County, Indiana has narrowed from about 30% to 26% in 2024. Over that period the gap was widest at 32% in 2017, and was narrowest at 22% in 2022. In dollar terms, the gap has widened by $6,866 since 2009.
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