Wealth Index
Less wealthy than 82% 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 | Putnam County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $75,807 | $70,132 | $78,145 |
| Median Personal Income | $56,860 | $56,502 | $61,726 |
| Average income growth | 5.3% | 4.8% | 5.1% |
| Six-Figure Earners | 7.9% | 9.6% | 13.2% |
The median household income in Putnam County is about 8% higher than in Indiana. Income has been growing faster in Putnam County (5.3%/yr) than in Indiana (4.8%/yr).
About 8% of adults in Putnam 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 Putnam County, Indiana grew by 52.1% from 2009 to 2023, reaching $75,807 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Putnam County | Gender Pay Gap | Gini Coefficient
| Metric | Putnam County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.575 | 0.544 | 0.570 |
| Male Median Income | $61,784 | $63,558 | $67,746 |
| Female Median Income | $47,163 | $49,036 | $54,793 |
| Gender Pay Gap | 23.7% | 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 Putnam County, it is 0.575, higher than Indiana's 0.544, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 31% more than women's income in Putnam County, Indiana. Over a 35-year career, a 31% wage gap accumulates to roughly $511,735 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Putnam County, Indiana has narrowed from about 32% to 24% in 2023. In dollar terms, the gap has widened by $602 since 2009.
Employment
| Metric | Putnam County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.1% | 4.3% | 5.2% |
| Working from Home | 9.5% | 9.6% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 366 people are unemployed in Putnam County, Indiana.
The average commute time in Putnam County is 21 minutes, about the same as in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Putnam County, Indiana has fallen from 8.0% to 2.1% in 2023.
Conclusion
Considering all these factors, Putnam 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 Putnam County, Indiana.
How Rich Is Putnam County, Indiana?
Putnam 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 $75,807, about 8% higher than the Indiana average of $70,132.
What is the current median household income in Putnam County, Indiana?
As of 2023, the median household income in Putnam County, Indiana is $75,807.
What was the median household income in Putnam County in 2023?
In 2023, the median household income in Putnam County, Indiana was $75,807.
What was the median household income in Putnam County in 2020?
In 2020, the median household income in Putnam County, Indiana was $61,600.
What is the Gini coefficient in Putnam County, Indiana?
The Gini coefficient in Putnam County is 0.575. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Putnam County, Indiana?
Since 2009, the income gap between men and women in Putnam County, Indiana has narrowed from about 32% to 24% in 2023. In dollar terms, the gap has widened by $602 since 2009.