Portage, Indiana Income Statistics
Portage Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
-
C
Portage Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Portage | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,449 | $71,967 | $80,455 |
| Median Personal Income | $53,252 | $55,757 | $60,758 |
| Average Yearly Income Growth | 3.9% | 4.5% | 4.8% |
| Six-Figure Earners | 10.5% | 10.2% | 13.9% |
| $200k+ Households | 7.7% | 8.2% | 13.2% |
The median household income in Portage is about 9% higher than in Indiana. Income has been growing slower in Portage (3.9%/yr) than in Indiana (4.5%/yr).
About 10% of adults in Portage 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 Portage, Indiana grew by 52.5% from 2009 to 2024, reaching $78,449 in 2024. That's an average of about 3.9% per year.
Income Inequality and the Gender Pay Gap in Portage
| Metric | Portage | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.539 | 0.534 | 0.552 |
| Male Median Income | $66,772 | $65,086 | $69,667 |
| Female Median Income | $45,878 | $51,220 | $56,850 |
| Gender Pay Gap | 31.3% | 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 Portage, it is 0.539, higher than Indiana's 0.534, so income is less 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 46% more than women's income in Portage, Indiana. Over a 35-year career, a 46% wage gap accumulates to roughly $731,290 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Portage, Indiana has narrowed from about 41% to 31% in 2024. Over that period the gap was widest at 42% in 2013. In dollar terms, the gap has narrowed by $552 since 2009.
Employment
| Metric | Portage | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.6% | 4.3% | 5.2% |
| Working from Home | 5.0% | 10.7% | 15.0% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 1,376 people are unemployed in Portage, Indiana.
The average commute time in Portage is 26 minutes, longer than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Portage, Indiana has fallen from 9.9% to 7.6% in 2024. Over that period the rate peaked at 10.6% in 2013 and fell as low as 5.0% in 2019.
Conclusion
Considering all these factors, Portage, 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 Portage, Indiana.
How Rich Is Portage, Indiana?
Portage 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 $78,449, about 9% higher than the Indiana average of $71,967.
How has median household income changed in Portage, Indiana?
Between 2009 and 2024, the median household income in Portage, Indiana rose 52%, from $51,454 to $78,449. Over the same years, income here kept pace with Indiana as a whole: +52% against +52%.
What was the median household income in Portage in 2023?
In 2023, the median household income in Portage, Indiana was $73,357, down 3% from $75,385 in 2022. The Indiana median that year was $70,115.
What was the median household income in Portage in 2020?
In 2020, the median household income in Portage, Indiana was $62,435. By 2024 it had risen 26% to $78,449.
Is unemployment high in Portage, Indiana?
Unemployment in Portage, Indiana is 7.6%, well above the Indiana rate of 4.3%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Portage, Indiana?
The Gini coefficient in Portage is 0.539. 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 Portage, Indiana?
Since 2009, the income gap between men and women in Portage, Indiana has narrowed from about 41% to 31% in 2024. Over that period the gap was widest at 42% in 2013. In dollar terms, the gap has narrowed by $552 since 2009.
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