Wealth Index
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 | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,484 | $70,132 | $78,145 |
| Median Personal Income | $56,771 | $56,502 | $61,726 |
| Average income growth | 3.9% | 4.8% | 5.1% |
| Six-Figure Earners | 5.0% | 9.6% | 13.2% |
The median household income in Perry County is about 12% lower than in Indiana. Income has been growing slower in Perry County (3.9%/yr) than in Indiana (4.8%/yr).
About 5% of adults in Perry 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 Perry County, Indiana grew by 40.6% from 2009 to 2023, reaching $61,484 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Perry County | Gender Pay Gap | Gini Coefficient
| Metric | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.526 | 0.544 | 0.570 |
| Male Median Income | $60,440 | $63,558 | $67,746 |
| Female Median Income | $49,313 | $49,036 | $54,793 |
| Gender Pay Gap | 18.4% | 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 Perry County, it is 0.526, 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 23% more than women's income in Perry County, Indiana. Over a 35-year career, a 23% wage gap accumulates to roughly $389,445 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Perry County, Indiana has narrowed from about 31% to 18% in 2023. In dollar terms, the gap has narrowed by $2,310 since 2009.
Employment
| Metric | Perry County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.1% | 4.3% | 5.2% |
| Working from Home | 5.7% | 9.6% | 13.4% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 447 people are unemployed in Perry County, Indiana.
The average commute time in Perry County is 18 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Perry County, Indiana has fallen from 7.1% to 5.1% in 2023.
Conclusion
Considering all these factors, Perry 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 Perry County, Indiana.
How Rich Is Perry County, Indiana?
Perry 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 $61,484, about 12% lower than the Indiana average of $70,132.
What is the current median household income in Perry County, Indiana?
As of 2023, the median household income in Perry County, Indiana is $61,484.
What was the median household income in Perry County in 2023?
In 2023, the median household income in Perry County, Indiana was $61,484.
What was the median household income in Perry County in 2020?
In 2020, the median household income in Perry County, Indiana was $51,847.
What is the Gini coefficient in Perry County, Indiana?
The Gini coefficient in Perry County is 0.526. 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 Perry County, Indiana?
Since 2009, the income gap between men and women in Perry County, Indiana has narrowed from about 31% to 18% in 2023. In dollar terms, the gap has narrowed by $2,310 since 2009.