Wealth Index
Wealthiest 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 | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $117,656 | $70,132 | $78,145 |
| Median Personal Income | $84,991 | $56,502 | $61,726 |
| Average income growth | 4.2% | 4.8% | 5.1% |
| Six-Figure Earners | 23.7% | 9.6% | 13.2% |
The median household income in Hamilton County is about 68% higher than in Indiana. Income has been growing slower in Hamilton County (4.2%/yr) than in Indiana (4.8%/yr).
About 24% of adults in Hamilton County earn six figures ($100,000 or more) a year, higher than the Indiana average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Hamilton County, Indiana grew by 41.9% from 2009 to 2023, reaching $117,656 in 2023. That's an average of about 4.2% per year.
Economic Inequality in Hamilton County | Gender Pay Gap | Gini Coefficient
| Metric | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.544 | 0.570 |
| Male Median Income | $99,146 | $63,558 | $67,746 |
| Female Median Income | $69,945 | $49,036 | $54,793 |
| Gender Pay Gap | 29.5% | 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 Hamilton County, it is 0.539, 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 42% more than women's income in Hamilton County, Indiana. Over a 35-year career, a 42% wage gap accumulates to roughly $1,022,035 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hamilton County, Indiana has narrowed from about 34% to 29% in 2023. In dollar terms, the gap has widened by $6,149 since 2009.
Employment
| Metric | Hamilton County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 4.3% | 5.2% |
| Working from Home | 20.7% | 9.6% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 5,507 people are unemployed in Hamilton County, Indiana.
The average commute time in Hamilton County is 23 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hamilton County, Indiana has fallen from 4.6% to 2.8% in 2023.
Conclusion
Considering all these factors, Hamilton County, Indiana has an overall wealth index grade of A+, making it far better than Indiana, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hamilton County, Indiana.
How Rich Is Hamilton County, Indiana?
Hamilton 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 it is one of the most prosperous areas in the country. The median household income is $117,656, about 68% higher than the Indiana average of $70,132.
What is the current median household income in Hamilton County, Indiana?
As of 2023, the median household income in Hamilton County, Indiana is $117,656.
What was the median household income in Hamilton County in 2023?
In 2023, the median household income in Hamilton County, Indiana was $117,656.
What was the median household income in Hamilton County in 2020?
In 2020, the median household income in Hamilton County, Indiana was $99,007.
What is the Gini coefficient in Hamilton County, Indiana?
The Gini coefficient in Hamilton County is 0.539. 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 Hamilton County, Indiana?
Since 2009, the income gap between men and women in Hamilton County, Indiana has narrowed from about 34% to 29% in 2023. In dollar terms, the gap has widened by $6,149 since 2009.