Hendricks County, Indiana Income Statistics
Hendricks 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
Hendricks County Around averageAmong the top 3 wealthiest counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hendricks County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $101,287 | $71,967 | $80,455 |
| Median Personal Income | $65,853 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.3% | 4.5% | 4.8% |
| Six-Figure Earners | 15.3% | 10.2% | 13.9% |
| $200k+ Households | 13.8% | 8.2% | 13.2% |
The median household income in Hendricks County is about 41% higher than in Indiana. Income has been growing slower in Hendricks County (4.3%/yr) than in Indiana (4.5%/yr).
About 15% of adults in Hendricks 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 Hendricks County, Indiana grew by 55.5% from 2009 to 2024, reaching $101,287 in 2024. That's an average of about 4.3% per year.
Income Inequality and the Gender Pay Gap in Hendricks County
| Metric | Hendricks County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.517 | 0.534 | 0.552 |
| Male Median Income | $77,725 | $65,086 | $69,667 |
| Female Median Income | $58,557 | $51,220 | $56,850 |
| Gender Pay Gap | 24.7% | 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 Hendricks County, it is 0.517, 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 33% more than women's income in Hendricks County, Indiana. Over a 35-year career, a 33% wage gap accumulates to roughly $670,880 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hendricks County, Indiana has narrowed from about 30% to 25% in 2024. Over that period the gap was widest at 33% in 2011, and was narrowest at 21% in 2018. In dollar terms, the gap has widened by $2,476 since 2009.
Employment
| Metric | Hendricks County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 4.3% | 5.2% |
| Working from Home | 14.8% | 10.7% | 15.0% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 2,502 people are unemployed in Hendricks County, Indiana.
The average commute time in Hendricks County is 23 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hendricks County, Indiana has fallen from 5.1% to 2.6% in 2024. Over that period the rate peaked at 6.1% in 2014 and fell as low as 2.4% in 2022.
Hendricks County, IN Wealth Compared With Nearby Counties
Hendricks County, IN is the 2nd largest of the 6 counties compared here, 183,344 residents against a local median of 72,659. The measure that sets Hendricks County, IN apart most is median household income: $101,287, 31% above the local median of $77,280. That is the better end of the local range on this measure.
Unemployment tells the same story from another angle: 2.6% against a local median of 3.3%, 23% below it. Every measure here with a clear better direction points the same way, so Hendricks County, IN is not trading one advantage for another, it reads stronger than its neighbours across the board. The counties themselves spread $44,878 on median household income, so Hendricks County, IN sits at one end of an already wide local range rather than apart from it. Hendricks 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. |
|---|---|---|---|---|---|
| Hendricks County, IN | 183,344 | $101,287 #2/6 | 4.3%/yr #6/6 | 2.6% #1/6 | 0.517 #2/6 |
| Boone County, IN | 74,718 | $111,507 | 5.5%/yr | 2.8% | 0.522 |
| Morgan County, IN | 72,659 | $81,024 | 4.4%/yr | 4.2% | 0.521 |
| Putnam County, IN | 37,280 | $77,280 | 4.9%/yr | 3.1% | 0.552 |
| Marion County, IN | 971,946 | $66,629 | 5.5%/yr | 5.0% | 0.528 |
| Montgomery County, IN | 38,312 | $71,247 | 4.5%/yr | 3.3% | 0.517 |
Conclusion
Considering all these factors, Hendricks 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 Hendricks County, Indiana.
How Rich Is Hendricks County, Indiana?
Hendricks 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 $101,287, about 41% higher than the Indiana average of $71,967.
How has median household income changed in Hendricks County, Indiana?
Between 2009 and 2024, the median household income in Hendricks County, Indiana rose 55%, from $65,142 to $101,287. Over the same years, income here outpaced Indiana as a whole: +55% against +52%.
What was the median household income in Hendricks County in 2023?
In 2023, the median household income in Hendricks County, Indiana was $99,985, up 4% from $95,816 in 2022. The Indiana median that year was $70,115.
What was the median household income in Hendricks County in 2020?
In 2020, the median household income in Hendricks County, Indiana was $85,305. By 2024 it had risen 19% to $101,287.
Do many residents of Hendricks County, Indiana earn over $100,000?
Yes. 15% of adults in Hendricks County, Indiana earn $100,000 or more a year (about 1 in 7), against 10% (about 1 in 10) in Indiana. 14% of households have a combined income of $200,000 or more, compared with 8% in Indiana.
Is unemployment high in Hendricks County, Indiana?
Unemployment in Hendricks County, Indiana is only 2.6%, 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 Hendricks County, Indiana?
The Gini coefficient in Hendricks County is 0.517. 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 Hendricks County, Indiana?
Since 2009, the income gap between men and women in Hendricks County, Indiana has narrowed from about 30% to 25% in 2024. Over that period the gap was widest at 33% in 2011, and was narrowest at 21% in 2018. In dollar terms, the gap has widened by $2,476 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 →