Kokomo, Indiana Income Statistics
Kokomo Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
D
Kokomo Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Kokomo | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,255 | $71,967 | $80,455 |
| Median Personal Income | $49,395 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.2% | 4.5% | 4.8% |
| Six-Figure Earners | 6.7% | 10.2% | 13.9% |
| $200k+ Households | 3.0% | 8.2% | 13.2% |
The median household income in Kokomo is about 25% lower than in Indiana. Income has been growing slower in Kokomo (4.2%/yr) than in Indiana (4.5%/yr).
About 7% of adults in Kokomo 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 Kokomo, Indiana grew by 37.2% from 2009 to 2024, reaching $54,255 in 2024. That's an average of about 4.2% per year.
Income Inequality and the Gender Pay Gap in Kokomo
| Metric | Kokomo | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.523 | 0.534 | 0.552 |
| Male Median Income | $59,488 | $65,086 | $69,667 |
| Female Median Income | $45,646 | $51,220 | $56,850 |
| Gender Pay Gap | 23.3% | 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 Kokomo, it is 0.523, 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 30% more than women's income in Kokomo, Indiana. Over a 35-year career, a 30% wage gap accumulates to roughly $484,470 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kokomo, Indiana has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 21% in 2014. In dollar terms, the gap has widened by $2,882 since 2009.
Employment
| Metric | Kokomo | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.3% | 4.3% | 5.2% |
| Working from Home | 5.3% | 10.7% | 15.0% |
| Commute time (minutes) | 13 | 21 | 22 |
Approximately 1,601 people are unemployed in Kokomo, Indiana.
The average commute time in Kokomo is 13 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kokomo, Indiana has fallen from 13.2% to 6.3% in 2024. Over that period the rate peaked at 13.8% in 2012 and fell as low as 5.9% in 2020.
Conclusion
Considering all these factors, Kokomo, Indiana has an overall wealth index grade of D, making it about on par with Indiana, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Kokomo, Indiana.
How Rich Is Kokomo, Indiana?
Kokomo 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 $54,255, about 25% lower than the Indiana average of $71,967.
How has median household income changed in Kokomo, Indiana?
Between 2009 and 2024, the median household income in Kokomo, Indiana rose 37%, from $39,532 to $54,255. Over the same years, income here lagged behind Indiana as a whole: +37% against +52%.
What was the median household income in Kokomo in 2023?
In 2023, the median household income in Kokomo, Indiana was $53,492, up 1% from $53,035 in 2022. The Indiana median that year was $70,115.
What was the median household income in Kokomo in 2020?
In 2020, the median household income in Kokomo, Indiana was $48,245. By 2024 it had risen 12% to $54,255.
How strong is the job market in Kokomo, Indiana?
Unemployment in Kokomo, Indiana is 6.3%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Kokomo, Indiana?
The Gini coefficient in Kokomo is 0.523. 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 Kokomo, Indiana?
Since 2009, the income gap between men and women in Kokomo, Indiana has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 28% in 2023, and was narrowest at 21% in 2014. In dollar terms, the gap has widened by $2,882 since 2009.
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