Wealth Index
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 | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,157 | $70,132 | $78,145 |
| Median Personal Income | $51,482 | $56,502 | $61,726 |
| Average income growth | 4.5% | 4.8% | 5.1% |
| Six-Figure Earners | 4.8% | 9.6% | 13.2% |
The median household income in Fountain County is about 11% lower than in Indiana. Income has been growing slower in Fountain County (4.5%/yr) than in Indiana (4.8%/yr).
About 5% of adults in Fountain 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 Fountain County, Indiana grew by 42.4% from 2009 to 2023, reaching $62,157 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Fountain County | Gender Pay Gap | Gini Coefficient
| Metric | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.510 | 0.544 | 0.570 |
| Male Median Income | $58,642 | $63,558 | $67,746 |
| Female Median Income | $43,021 | $49,036 | $54,793 |
| Gender Pay Gap | 26.6% | 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 Fountain County, it is 0.510, 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 36% more than women's income in Fountain County, Indiana. Over a 35-year career, a 36% wage gap accumulates to roughly $546,735 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Fountain County, Indiana has narrowed from about 34% to 27% in 2023. In dollar terms, the gap has widened by $915 since 2009.
Employment
| Metric | Fountain County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.3% | 5.2% |
| Working from Home | 5.6% | 9.6% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 368 people are unemployed in Fountain County, Indiana.
The average commute time in Fountain County is 21 minutes, about the same as in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Fountain County, Indiana has fallen from 9.3% to 4.5% in 2023.
Conclusion
Considering all these factors, Fountain County, Indiana has an overall wealth index grade of C, making it about on par with Indiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Fountain County, Indiana.
How Rich Is Fountain County, Indiana?
Fountain County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $62,157, about 11% lower than the Indiana average of $70,132.
What is the current median household income in Fountain County, Indiana?
As of 2023, the median household income in Fountain County, Indiana is $62,157.
What was the median household income in Fountain County in 2023?
In 2023, the median household income in Fountain County, Indiana was $62,157.
What was the median household income in Fountain County in 2020?
In 2020, the median household income in Fountain County, Indiana was $52,466.
What is the Gini coefficient in Fountain County, Indiana?
The Gini coefficient in Fountain County is 0.510. 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 Fountain County, Indiana?
Since 2009, the income gap between men and women in Fountain County, Indiana has narrowed from about 34% to 27% in 2023. In dollar terms, the gap has widened by $915 since 2009.