Morgan County, Indiana Income Statistics
Morgan 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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B
Morgan County Around averageWealthier than 81% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Morgan County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $81,024 | $71,967 | $80,455 |
| Median Personal Income | $57,810 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.5% | 4.8% |
| Six-Figure Earners | 10.7% | 10.2% | 13.9% |
| $200k+ Households | 9.0% | 8.2% | 13.2% |
The median household income in Morgan County is about 13% higher than in Indiana. Income has been growing slower in Morgan County (4.4%/yr) than in Indiana (4.5%/yr).
About 11% of adults in Morgan County earn six figures ($100,000 or more) a year, about the same as the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Morgan County, Indiana grew by 47.9% from 2009 to 2024, reaching $81,024 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Morgan County
| Metric | Morgan County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.534 | 0.552 |
| Male Median Income | $70,077 | $65,086 | $69,667 |
| Female Median Income | $50,829 | $51,220 | $56,850 |
| Gender Pay Gap | 27.5% | 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 Morgan County, it is 0.521, 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 38% more than women's income in Morgan County, Indiana. Over a 35-year career, a 38% wage gap accumulates to roughly $673,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Morgan County, Indiana has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 30% in 2011, and was narrowest at 24% in 2018. In dollar terms, the gap has widened by $5,796 since 2009.
Employment
| Metric | Morgan County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.2% | 4.3% | 5.2% |
| Working from Home | 11.6% | 10.7% | 15.0% |
| Commute time (minutes) | 30 | 21 | 22 |
Approximately 1,506 people are unemployed in Morgan County, Indiana.
The average commute time in Morgan County is 30 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Morgan County, Indiana has fallen from 9.0% to 4.2% in 2024. Over that period the rate peaked at 9.1% in 2012 and fell as low as 3.7% in 2023.
Morgan County, IN Wealth Compared With Nearby Counties
Morgan County, IN is the 4th largest of the 6 counties compared here, 72,659 residents against a local median of 140,965. Morgan County, IN's unemployment, at 4.2%, runs 39% above the 3.0% typical of the counties around it. That is the weaker end of the local range on this measure.
The counties themselves spread 3.4% on unemployment, so Morgan County, IN sits at one end of an already wide local range rather than apart from it. Morgan County, IN has the 5th 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. |
|---|---|---|---|---|---|
| Morgan County, IN | 72,659 | $81,024 #3/6 | 4.4%/yr #4/6 | 4.2% #5/6 | 0.521 #5/6 |
| Hendricks County, IN | 183,344 | $101,287 | 4.3%/yr | 2.6% | 0.517 |
| Monroe County, IN | 140,965 | $65,876 | 5.3%/yr | 5.5% | 0.582 |
| Johnson County, IN | 166,315 | $90,779 | 4.6%/yr | 3.0% | 0.521 |
| Brown County, IN | 15,606 | $78,317 | 4.1%/yr | 2.2% | 0.518 |
| Owen County, IN | 21,604 | $64,192 | 4.4%/yr | 3.0% | 0.501 |
Conclusion
Considering all these factors, Morgan 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 Morgan County, Indiana.
How Rich Is Morgan County, Indiana?
Morgan 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 $81,024, about 13% higher than the Indiana average of $71,967.
How has median household income changed in Morgan County, Indiana?
Between 2009 and 2024, the median household income in Morgan County, Indiana rose 48%, from $54,802 to $81,024. Over the same years, income here lagged behind Indiana as a whole: +48% against +52%.
What was the median household income in Morgan County in 2023?
In 2023, the median household income in Morgan County, Indiana was $80,386, up 2% from $78,751 in 2022. The Indiana median that year was $70,115.
What was the median household income in Morgan County in 2020?
In 2020, the median household income in Morgan County, Indiana was $68,611. By 2024 it had risen 18% to $81,024.
What is the Gini coefficient in Morgan County, Indiana?
The Gini coefficient in Morgan County is 0.521. 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 Morgan County, Indiana?
Since 2009, the income gap between men and women in Morgan County, Indiana has narrowed from about 28% to 27% in 2024. Over that period the gap was widest at 30% in 2011, and was narrowest at 24% in 2018. In dollar terms, the gap has widened by $5,796 since 2009.
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