Hancock County, Indiana Income Statistics
Hancock 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
Hancock County Around averageAmong the top 5 wealthiest counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $95,052 | $71,967 | $80,455 |
| Median Personal Income | $65,730 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 15.4% | 10.2% | 13.9% |
| $200k+ Households | 12.2% | 8.2% | 13.2% |
The median household income in Hancock County is about 32% higher than in Indiana. Income has been growing slower in Hancock County (4.4%/yr) than in Indiana (4.5%/yr).
About 15% of adults in Hancock 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 Hancock County, Indiana grew by 56.1% from 2009 to 2024, reaching $95,052 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.496 | 0.534 | 0.552 |
| Male Median Income | $74,456 | $65,086 | $69,667 |
| Female Median Income | $59,419 | $51,220 | $56,850 |
| Gender Pay Gap | 20.2% | 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 Hancock County, it is 0.496, 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 25% more than women's income in Hancock County, Indiana. Over a 35-year career, a 25% wage gap accumulates to roughly $526,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Indiana has narrowed from about 29% to 20% in 2024. Over that period the gap was narrowest at 16% in 2016. In dollar terms, the gap has narrowed by $496 since 2009.
Employment
| Metric | Hancock County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.7% | 4.3% | 5.2% |
| Working from Home | 16.0% | 10.7% | 15.0% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 1,248 people are unemployed in Hancock County, Indiana.
The average commute time in Hancock County is 26 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Indiana has fallen from 6.3% to 2.7% in 2024. Over that period the rate peaked at 7.4% in 2013 and fell as low as 2.5% in 2019.
Hancock County, IN Wealth Compared With Nearby Counties
Hancock County, IN is the 4th largest of the 6 counties compared here, 84,037 residents against a local median of 131,900. Hancock County, IN's median household income, at $95,052, runs 41% above the $67,628 typical of the counties around it. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.7% against a local median of 4.3%, 37% below it. Every measure here with a clear better direction points the same way, so Hancock County, IN is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $57,949 on median household income, so Hancock County, IN sits at one end of an already wide local range rather than apart from it. Hancock County, IN has the 2nd highest median household income 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. |
|---|---|---|---|---|---|
| Hancock County, IN | 84,037 | $95,052 #2/6 | 4.4%/yr #4/6 | 2.7% #1/6 | 0.496 #1/6 |
| Shelby County, IN | 45,265 | $72,014 | 3.8%/yr | 3.6% | 0.518 |
| Madison County, IN | 131,900 | $63,494 | 4.5%/yr | 5.9% | 0.522 |
| Marion County, IN | 971,946 | $66,629 | 5.5%/yr | 5.0% | 0.528 |
| Rush County, IN | 16,739 | $67,628 | 4.8%/yr | 4.3% | 0.504 |
| Hamilton County, IN | 365,056 | $121,444 | 4.1%/yr | 2.8% | 0.517 |
Conclusion
Considering all these factors, Hancock 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 Hancock County, Indiana.
How Rich Is Hancock County, Indiana?
Hancock 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 $95,052, about 32% higher than the Indiana average of $71,967.
Are incomes growing in Hancock County, Indiana?
Between 2009 and 2024, the median household income in Hancock County, Indiana rose 56%, from $60,881 to $95,052. Over the same years, income here outpaced Indiana as a whole: +56% against +52%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Indiana was $93,329, up 7% from $87,620 in 2022. The Indiana median that year was $70,115.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Indiana was $76,041. By 2024 it had risen 25% to $95,052.
How many people earn six figures in Hancock County, Indiana?
Yes. 15% of adults in Hancock County, Indiana earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in Indiana. 12% of households have a combined income of $200,000 or more, compared with 8% in Indiana.
Is unemployment high in Hancock County, Indiana?
Unemployment in Hancock County, Indiana is only 2.7%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Hancock County, Indiana?
The Gini coefficient in Hancock County is 0.496. 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 Hancock County, Indiana?
Since 2009, the income gap between men and women in Hancock County, Indiana has narrowed from about 29% to 20% in 2024. Over that period the gap was narrowest at 16% in 2016. In dollar terms, the gap has narrowed by $496 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 →