Parke County, Indiana Income Statistics
Parke 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
Parke County Well below averageLess wealthy than 93% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Parke County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $67,694 | $71,967 | $80,455 |
| Median Personal Income | $53,522 | $55,757 | $60,758 |
| Average Yearly Income Growth | 6.0% | 4.5% | 4.8% |
| Six-Figure Earners | 6.7% | 10.2% | 13.9% |
| $200k+ Households | 4.9% | 8.2% | 13.2% |
The median household income in Parke County is about 6% lower than in Indiana. Income has been growing faster in Parke County (6.0%/yr) than in Indiana (4.5%/yr).
About 7% of adults in Parke 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 Parke County, Indiana grew by 77.0% from 2009 to 2024, reaching $67,694 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Parke County
| Metric | Parke County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.534 | 0.552 |
| Male Median Income | $62,616 | $65,086 | $69,667 |
| Female Median Income | $47,796 | $51,220 | $56,850 |
| Gender Pay Gap | 23.7% | 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 Parke County, it is 0.561, higher than Indiana's 0.534, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Parke County, Indiana. Over a 35-year career, a 31% wage gap accumulates to roughly $518,700 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Parke County, Indiana has narrowed from about 32% to 24% in 2024. Over that period the gap was widest at 35% in 2018. In dollar terms, the gap has widened by $1,800 since 2009.
Employment
| Metric | Parke County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.4% | 4.3% | 5.2% |
| Working from Home | 11.7% | 10.7% | 15.0% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 298 people are unemployed in Parke County, Indiana.
The average commute time in Parke County is 26 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Parke County, Indiana has fallen from 8.7% to 4.4% in 2024.
Parke County, IN Wealth Compared With Nearby Counties
Parke County, IN is the 5th largest of the 6 counties compared here, 16,406 residents against a local median of 26,409. Parke County, IN's income growth, at 6.0%/yr, runs 49% above the 4.0%/yr typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 1.9%/yr on income growth, so Parke County, IN sits at one end of an already wide local range rather than apart from it. Parke County, IN has the highest income growth 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. |
|---|---|---|---|---|---|
| Parke County, IN | 16,406 | $67,694 #3/6 | 6.0%/yr #1/6 | 4.4% #3/6 | 0.561 #5/6 |
| Vermillion County, IN | 15,421 | $60,374 | 4.0%/yr | 4.6% | 0.506 |
| Fountain County, IN | 16,615 | $62,702 | 4.0%/yr | 4.7% | 0.510 |
| Putnam County, IN | 37,280 | $77,280 | 4.9%/yr | 3.1% | 0.552 |
| Vigo County, IN | 106,109 | $52,462 | 3.0%/yr | 5.7% | 0.563 |
| Clay County, IN | 26,409 | $70,786 | 4.5%/yr | 3.2% | 0.520 |
Conclusion
Considering all these factors, Parke 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 Parke County, Indiana.
How Rich Is Parke County, Indiana?
Parke 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 $67,694, about 6% lower than the Indiana average of $71,967.
Are incomes growing in Parke County, Indiana?
Between 2009 and 2024, the median household income in Parke County, Indiana rose 77%, from $38,244 to $67,694. Over the same years, income here outpaced Indiana as a whole: +77% against +52%.
What was the median household income in Parke County in 2023?
In 2023, the median household income in Parke County, Indiana was $66,575, up 4% from $64,208 in 2022. The Indiana median that year was $70,115.
What was the median household income in Parke County in 2020?
In 2020, the median household income in Parke County, Indiana was $55,924. By 2024 it had risen 21% to $67,694.
What is the Gini coefficient in Parke County, Indiana?
The Gini coefficient in Parke County is 0.561. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Parke County, Indiana?
Since 2009, the income gap between men and women in Parke County, Indiana has narrowed from about 32% to 24% in 2024. Over that period the gap was widest at 35% in 2018. In dollar terms, the gap has widened by $1,800 since 2009.
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