Wealth Index
Wealthier than 76% 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 | Ohio County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,179 | $70,132 | $78,145 |
| Median Personal Income | $52,111 | $56,502 | $61,726 |
| Average income growth | 3.1% | 4.8% | 5.1% |
| Six-Figure Earners | 6.8% | 9.6% | 13.2% |
The median household income in Ohio County is about 4% lower than in Indiana. Income has been growing slower in Ohio County (3.1%/yr) than in Indiana (4.8%/yr).
About 7% of adults in Ohio 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 Ohio County, Indiana grew by 35.2% from 2009 to 2023, reaching $67,179 in 2023. That's an average of about 3.1% per year.
Economic Inequality in Ohio County | Gender Pay Gap | Gini Coefficient
| Metric | Ohio County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.544 | 0.570 |
| Male Median Income | $62,576 | $63,558 | $67,746 |
| Female Median Income | $43,478 | $49,036 | $54,793 |
| Gender Pay Gap | 30.5% | 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 Ohio County, it is 0.490, lower than Indiana's 0.544, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 44% more than women's income in Ohio County, Indiana. Over a 35-year career, a 44% wage gap accumulates to roughly $668,430 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ohio County, Indiana has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $5,655 since 2009.
Employment
| Metric | Ohio County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.2% | 4.3% | 5.2% |
| Working from Home | 6.5% | 9.6% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 35 people are unemployed in Ohio County, Indiana.
The average commute time in Ohio County is 27 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ohio County, Indiana has fallen from 8.7% to 1.2% in 2023.
Conclusion
Considering all these factors, Ohio 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 Ohio County, Indiana.
How Wealthy Is Ohio County, Indiana?
Ohio 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 $67,179, about 4% lower than the Indiana average of $70,132.
What is the current median household income in Ohio County, Indiana?
As of 2023, the median household income in Ohio County, Indiana is $67,179.
What was the median household income in Ohio County in 2023?
In 2023, the median household income in Ohio County, Indiana was $67,179.
What was the median household income in Ohio County in 2020?
In 2020, the median household income in Ohio County, Indiana was $62,938.
What is the Gini coefficient in Ohio County, Indiana?
The Gini coefficient in Ohio County is 0.490. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Ohio County, Indiana?
Since 2009, the income gap between men and women in Ohio County, Indiana has widened from about 29% to 31% in 2023. In dollar terms, the gap has widened by $5,655 since 2009.