Wealth Index
Wealthier 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 | Dearborn County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,832 | $70,132 | $78,145 |
| Median Personal Income | $58,266 | $56,502 | $61,726 |
| Average income growth | 4.4% | 4.8% | 5.1% |
| Six-Figure Earners | 9.6% | 9.6% | 13.2% |
The median household income in Dearborn County is about 17% higher than in Indiana. Income has been growing slower in Dearborn County (4.4%/yr) than in Indiana (4.8%/yr).
About 10% of adults in Dearborn County earn six figures ($100,000 or more) a year, about the same as the Indiana average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Dearborn County, Indiana grew by 45.3% from 2009 to 2023, reaching $81,832 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Dearborn County | Gender Pay Gap | Gini Coefficient
| Metric | Dearborn County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.544 | 0.570 |
| Male Median Income | $64,663 | $63,558 | $67,746 |
| Female Median Income | $51,451 | $49,036 | $54,793 |
| Gender Pay Gap | 20.4% | 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 Dearborn County, it is 0.521, 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 26% more than women's income in Dearborn County, Indiana. Over a 35-year career, a 26% wage gap accumulates to roughly $462,420 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Dearborn County, Indiana has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $1,338 since 2009.
Employment
| Metric | Dearborn County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.3% | 4.3% | 5.2% |
| Working from Home | 8.5% | 9.6% | 13.4% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 599 people are unemployed in Dearborn County, Indiana.
The average commute time in Dearborn County is 30 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Dearborn County, Indiana has fallen from 7.9% to 2.3% in 2023.
Conclusion
Considering all these factors, Dearborn County, Indiana has an overall wealth index grade of B, making it somewhat better than Indiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Dearborn County, Indiana.
How Rich Is Dearborn County, Indiana?
Dearborn County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $81,832, about 17% higher than the Indiana average of $70,132.
What is the current median household income in Dearborn County, Indiana?
As of 2023, the median household income in Dearborn County, Indiana is $81,832.
What was the median household income in Dearborn County in 2023?
In 2023, the median household income in Dearborn County, Indiana was $81,832.
What was the median household income in Dearborn County in 2020?
In 2020, the median household income in Dearborn County, Indiana was $69,930.
What is the Gini coefficient in Dearborn County, Indiana?
The Gini coefficient in Dearborn County is 0.521. 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 Dearborn County, Indiana?
Since 2009, the income gap between men and women in Dearborn County, Indiana has narrowed from about 26% to 20% in 2023. In dollar terms, the gap has widened by $1,338 since 2009.