Valparaiso, Indiana Income Statistics
Valparaiso 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
Valparaiso Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,085 | $71,967 | $80,455 |
| Median Personal Income | $56,723 | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.1% | 4.5% | 4.8% |
| Six-Figure Earners | 11.0% | 10.2% | 13.9% |
| $200k+ Households | 6.5% | 8.2% | 13.2% |
The median household income in Valparaiso is about 4% lower than in Indiana. Income has been growing slower in Valparaiso (4.1%/yr) than in Indiana (4.5%/yr).
About 11% of adults in Valparaiso earn six figures ($100,000 or more) a year, higher than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Valparaiso, Indiana grew by 42.6% from 2009 to 2024, reaching $69,085 in 2024. That's an average of about 4.1% per year.
Income Inequality and the Gender Pay Gap in Valparaiso
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.534 | 0.552 |
| Male Median Income | $68,536 | $65,086 | $69,667 |
| Female Median Income | $51,133 | $51,220 | $56,850 |
| Gender Pay Gap | 25.4% | 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 Valparaiso, it is 0.557, higher than Indiana's 0.534, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 34% more than women's income in Valparaiso, Indiana. Over a 35-year career, a 34% wage gap accumulates to roughly $609,105 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Valparaiso, Indiana has narrowed from about 30% to 25% in 2024. Over that period the gap was widest at 40% in 2019, and was narrowest at 24% in 2014. In dollar terms, the gap has widened by $1,533 since 2009.
Employment
| Metric | Valparaiso | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.8% | 4.3% | 5.2% |
| Working from Home | 9.4% | 10.7% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 627 people are unemployed in Valparaiso, Indiana.
The average commute time in Valparaiso is 20 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Valparaiso, Indiana has fallen from 5.9% to 3.8% in 2024. Over that period the rate peaked at 7.4% in 2013 and fell as low as 3.1% in 2022.
Conclusion
Considering all these factors, Valparaiso, 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 Valparaiso, Indiana.
How Rich Is Valparaiso, Indiana?
Valparaiso 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 $69,085, about 4% lower than the Indiana average of $71,967.
How fast is household income rising in Valparaiso, Indiana?
Between 2009 and 2024, the median household income in Valparaiso, Indiana rose 43%, from $48,454 to $69,085. Over the same years, income here lagged behind Indiana as a whole: +43% against +52%.
What was the median household income in Valparaiso in 2023?
In 2023, the median household income in Valparaiso, Indiana was $67,054, up 10% from $61,008 in 2022. The Indiana median that year was $70,115.
What was the median household income in Valparaiso in 2020?
In 2020, the median household income in Valparaiso, Indiana was $58,511. By 2024 it had risen 18% to $69,085.
What is the Gini coefficient in Valparaiso, Indiana?
The Gini coefficient in Valparaiso is 0.557. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Valparaiso, Indiana?
Since 2009, the income gap between men and women in Valparaiso, Indiana has narrowed from about 30% to 25% in 2024. Over that period the gap was widest at 40% in 2019, and was narrowest at 24% in 2014. In dollar terms, the gap has widened by $1,533 since 2009.
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