Wealth Index
Less wealthy than 75% of counties 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 | LaPorte County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,924 | $70,132 | $78,145 |
| Median Personal Income | $54,906 | $56,502 | $61,726 |
| Average income growth | 5.4% | 4.8% | 5.1% |
| Six-Figure Earners | 8.9% | 9.6% | 13.2% |
The median household income in LaPorte County is about the same as in Indiana. Income has been growing faster in LaPorte County (5.4%/yr) than in Indiana (4.8%/yr).
About 9% of adults in LaPorte County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in LaPorte County, Indiana grew by 48.8% from 2009 to 2023, reaching $69,924 in 2023. That's an average of about 5.4% per year.
Economic Inequality in LaPorte County | Gender Pay Gap | Gini Coefficient
| Metric | LaPorte County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.572 | 0.544 | 0.570 |
| Male Median Income | $66,311 | $63,558 | $67,746 |
| Female Median Income | $46,602 | $49,036 | $54,793 |
| Gender Pay Gap | 29.7% | 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 LaPorte County, it is 0.572, higher than Indiana's 0.544, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 42% more than women's income in LaPorte County, Indiana. Over a 35-year career, a 42% wage gap accumulates to roughly $689,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in LaPorte County, Indiana has narrowed from about 32% to 30% in 2023. In dollar terms, the gap has widened by $5,190 since 2009.
Employment
| Metric | LaPorte County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.3% | 5.2% |
| Working from Home | 6.4% | 9.6% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 2,301 people are unemployed in LaPorte County, Indiana.
The average commute time in LaPorte County is 20 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in LaPorte County, Indiana has fallen from 10.3% to 4.4% in 2023.
Conclusion
Considering all these factors, LaPorte County, Indiana has an overall wealth index grade of C, making it about on par with Indiana, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in LaPorte County, Indiana.
How Rich Is LaPorte County, Indiana?
LaPorte County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $69,924, close to the Indiana average of $70,132.
What is the current median household income in LaPorte County, Indiana?
As of 2023, the median household income in LaPorte County, Indiana is $69,924.
What was the median household income in LaPorte County in 2023?
In 2023, the median household income in LaPorte County, Indiana was $69,924.
What was the median household income in LaPorte County in 2020?
In 2020, the median household income in LaPorte County, Indiana was $57,220.
What is the Gini coefficient in LaPorte County, Indiana?
The Gini coefficient in LaPorte County is 0.572. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in LaPorte County, Indiana?
Since 2009, the income gap between men and women in LaPorte County, Indiana has narrowed from about 32% to 30% in 2023. In dollar terms, the gap has widened by $5,190 since 2009.