Wealth Index
Least wealthy county 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 | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,044 | $70,132 | $78,145 |
| Median Personal Income | $50,054 | $56,502 | $61,726 |
| Average income growth | 5.1% | 4.8% | 5.1% |
| Six-Figure Earners | 5.2% | 9.6% | 13.2% |
The median household income in Delaware County is about 20% lower than in Indiana. Income has been growing faster in Delaware County (5.1%/yr) than in Indiana (4.8%/yr).
About 5% of adults in Delaware 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 Delaware County, Indiana grew by 49.7% from 2009 to 2023, reaching $56,044 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Delaware County | Gender Pay Gap | Gini Coefficient
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.560 | 0.544 | 0.570 |
| Male Median Income | $54,597 | $63,558 | $67,746 |
| Female Median Income | $44,782 | $49,036 | $54,793 |
| Gender Pay Gap | 18.0% | 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 Delaware County, it is 0.560, higher than Indiana's 0.544, so income is less 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 22% more than women's income in Delaware County, Indiana. Over a 35-year career, a 22% wage gap accumulates to roughly $343,525 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Delaware County, Indiana has narrowed from about 29% to 18% in 2023. In dollar terms, the gap has narrowed by $2,822 since 2009.
Employment
| Metric | Delaware County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.2% | 4.3% | 5.2% |
| Working from Home | 6.0% | 9.6% | 13.4% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 3,465 people are unemployed in Delaware County, Indiana.
The average commute time in Delaware County is 16 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Delaware County, Indiana has fallen from 12.9% to 6.2% in 2023.
Conclusion
Considering all these factors, Delaware 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 Delaware County, Indiana.
How Rich Is Delaware County, Indiana?
Delaware 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 $56,044, about 20% lower than the Indiana average of $70,132.
What is the current median household income in Delaware County, Indiana?
As of 2023, the median household income in Delaware County, Indiana is $56,044.
What was the median household income in Delaware County in 2023?
In 2023, the median household income in Delaware County, Indiana was $56,044.
What was the median household income in Delaware County in 2020?
In 2020, the median household income in Delaware County, Indiana was $45,837.
What is the Gini coefficient in Delaware County, Indiana?
The Gini coefficient in Delaware County is 0.560. 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 Delaware County, Indiana?
Since 2009, the income gap between men and women in Delaware County, Indiana has narrowed from about 29% to 18% in 2023. In dollar terms, the gap has narrowed by $2,822 since 2009.