Floyd County, Indiana Income Statistics
Floyd 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.
-
B
Floyd County Around averageWealthier than 88% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,118 | $71,967 | $80,455 |
| Median Personal Income | $60,326 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 11.7% | 10.2% | 13.9% |
| $200k+ Households | 11.0% | 8.2% | 13.2% |
The median household income in Floyd County is about 11% higher than in Indiana. Income has been growing slower in Floyd County (4.4%/yr) than in Indiana (4.5%/yr).
About 12% of adults in Floyd 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 Floyd County, Indiana grew by 53.6% from 2009 to 2024, reaching $80,118 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Floyd County
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.534 | 0.552 |
| Male Median Income | $71,573 | $65,086 | $69,667 |
| Female Median Income | $56,808 | $51,220 | $56,850 |
| Gender Pay Gap | 20.6% | 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 Floyd County, it is 0.521, 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 26% more than women's income in Floyd County, Indiana. Over a 35-year career, a 26% wage gap accumulates to roughly $516,775 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Floyd County, Indiana has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 27% in 2014. In dollar terms, the gap has widened by $4,369 since 2009.
Employment
| Metric | Floyd County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.3% | 5.2% |
| Working from Home | 14.1% | 10.7% | 15.0% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 1,714 people are unemployed in Floyd County, Indiana.
The average commute time in Floyd County is 21 minutes, about the same as in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Floyd County, Indiana has fallen from 7.7% to 4.1% in 2024. Over that period the rate peaked at 8.8% in 2013 and fell as low as 3.8% in 2023.
Floyd County, IN Wealth Compared With Nearby Counties
Floyd County, IN is the 3rd largest of the 6 counties compared here, 80,920 residents against a local median of 39,866. Floyd County, IN's unemployment, at 4.1%, runs 18% above the 3.5% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 2.0% on unemployment, so Floyd County, IN sits at one end of an already wide local range rather than apart from it. Floyd County, IN has the 5th lowest unemployment 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. |
|---|---|---|---|---|---|
| Floyd County, IN | 80,920 | $80,118 #1/6 | 4.4%/yr #4/6 | 4.1% #5/6 | 0.521 #5/6 |
| Harrison County, IN | 39,866 | $74,587 | 4.4%/yr | 3.5% | 0.503 |
| Clark County, IN | 124,346 | $74,105 | 4.5%/yr | 4.0% | 0.497 |
| Jefferson County, KY | 781,949 | $69,976 | 4.3%/yr | 5.2% | 0.530 |
| Washington County, IN | 28,212 | $65,237 | 4.8%/yr | 3.2% | 0.508 |
| Scott County, IN | 24,526 | $57,315 | 2.8%/yr | 3.3% | 0.515 |
Conclusion
Considering all these factors, Floyd 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 Floyd County, Indiana.
How Rich Is Floyd County, Indiana?
Floyd 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 $80,118, about 11% higher than the Indiana average of $71,967.
How fast is household income rising in Floyd County, Indiana?
Between 2009 and 2024, the median household income in Floyd County, Indiana rose 54%, from $52,171 to $80,118. Over the same years, income here outpaced Indiana as a whole: +54% against +52%.
What was the median household income in Floyd County in 2023?
In 2023, the median household income in Floyd County, Indiana was $78,946, up 4% from $75,762 in 2022. The Indiana median that year was $70,115.
What was the median household income in Floyd County in 2020?
In 2020, the median household income in Floyd County, Indiana was $67,390. By 2024 it had risen 19% to $80,118.
What is the Gini coefficient in Floyd County, Indiana?
The Gini coefficient in Floyd 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Floyd County, Indiana?
Since 2009, the income gap between men and women in Floyd County, Indiana has narrowed from about 23% to 21% in 2024. Over that period the gap was widest at 27% in 2014. In dollar terms, the gap has widened by $4,369 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →