Henry County, Indiana Income Statistics
Henry 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.
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D
Henry County Well below averageLess wealthy than 95% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,356 | $71,967 | $80,455 |
| Median Personal Income | $49,410 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.5% | 4.8% |
| Six-Figure Earners | 6.0% | 10.2% | 13.9% |
| $200k+ Households | 3.9% | 8.2% | 13.2% |
The median household income in Henry County is about 12% lower than in Indiana. Income has been growing slower in Henry County (4.5%/yr) than in Indiana (4.5%/yr).
About 6% of adults in Henry County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Henry County, Indiana grew by 51.8% from 2009 to 2024, reaching $63,356 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Henry County
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.535 | 0.534 | 0.552 |
| Male Median Income | $58,343 | $65,086 | $69,667 |
| Female Median Income | $46,489 | $51,220 | $56,850 |
| Gender Pay Gap | 20.3% | 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 Henry County, it is 0.535, about the same as Indiana's 0.534, so income here is about as evenly distributed as 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 Henry County, Indiana. Over a 35-year career, a 25% wage gap accumulates to roughly $414,890 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Henry County, Indiana has narrowed from about 32% to 20% in 2024. Over that period the gap was narrowest at 19% in 2023. In dollar terms, the gap has narrowed by $1,781 since 2009.
Employment
| Metric | Henry County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.7% | 4.3% | 5.2% |
| Working from Home | 9.3% | 10.7% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 810 people are unemployed in Henry County, Indiana.
The average commute time in Henry County is 20 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Henry County, Indiana has fallen from 11.4% to 3.7% in 2024. Over that period the rate peaked at 12.7% in 2013.
Henry County, IN Wealth Compared With Nearby Counties
Henry County, IN is the 4th largest of the 6 counties compared here, 48,970 residents against a local median of 66,397. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Henry County, IN an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is unemployment, 14% below the local median at 3.7% against 4.3%. Henry County, IN has the 3rd 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. |
|---|---|---|---|---|---|
| Henry County, IN | 48,970 | $63,356 #3/6 | 4.5%/yr #4/6 | 3.7% #3/6 | 0.535 #5/6 |
| Delaware County, IN | 112,280 | $57,596 | 4.8%/yr | 5.8% | 0.545 |
| Rush County, IN | 16,739 | $67,628 | 4.8%/yr | 4.3% | 0.504 |
| Fayette County, IN | 23,334 | $59,417 | 4.8%/yr | 3.4% | 0.519 |
| Hancock County, IN | 84,037 | $95,052 | 4.4%/yr | 2.7% | 0.496 |
| Wayne County, IN | 66,397 | $56,057 | 4.4%/yr | 5.4% | 0.531 |
Conclusion
Considering all these factors, Henry County, Indiana has an overall wealth index grade of D, making it somewhat worse than Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Henry County, Indiana.
How Rich Is Henry County, Indiana?
Henry County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $63,356, about 12% lower than the Indiana average of $71,967.
How has median household income changed in Henry County, Indiana?
Between 2009 and 2024, the median household income in Henry County, Indiana rose 52%, from $41,745 to $63,356. Over the same years, income here kept pace with Indiana as a whole: +52% against +52%.
What was the median household income in Henry County in 2023?
In 2023, the median household income in Henry County, Indiana was $60,166, up 4% from $57,920 in 2022. The Indiana median that year was $70,115.
What was the median household income in Henry County in 2020?
In 2020, the median household income in Henry County, Indiana was $51,496. By 2024 it had risen 23% to $63,356.
What is the Gini coefficient in Henry County, Indiana?
The Gini coefficient in Henry County is 0.535. 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 Henry County, Indiana?
Since 2009, the income gap between men and women in Henry County, Indiana has narrowed from about 32% to 20% in 2024. Over that period the gap was narrowest at 19% in 2023. In dollar terms, the gap has narrowed by $1,781 since 2009.
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