Wealth Index
Among the 3 least wealthy 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 | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $52,606 | $70,132 | $78,145 |
| Median Personal Income | $48,071 | $56,502 | $61,726 |
| Average income growth | 3.5% | 4.8% | 5.1% |
| Six-Figure Earners | 6.4% | 9.6% | 13.2% |
The median household income in Vigo County is about 25% lower than in Indiana. Income has been growing slower in Vigo County (3.5%/yr) than in Indiana (4.8%/yr).
About 6% of adults in Vigo 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 Vigo County, Indiana grew by 39.4% from 2009 to 2023, reaching $52,606 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Vigo County | Gender Pay Gap | Gini Coefficient
| Metric | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.557 | 0.544 | 0.570 |
| Male Median Income | $52,400 | $63,558 | $67,746 |
| Female Median Income | $43,722 | $49,036 | $54,793 |
| Gender Pay Gap | 16.6% | 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 Vigo County, it is 0.557, higher than Indiana's 0.544, so income is less 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 20% more than women's income in Vigo County, Indiana. Over a 35-year career, a 20% wage gap accumulates to roughly $303,730 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Vigo County, Indiana has narrowed from about 30% to 17% in 2023. In dollar terms, the gap has narrowed by $4,647 since 2009.
Employment
| Metric | Vigo County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.1% | 4.3% | 5.2% |
| Working from Home | 4.8% | 9.6% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 3,090 people are unemployed in Vigo County, Indiana.
The average commute time in Vigo County is 17 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Vigo County, Indiana has fallen from 8.2% to 6.1% in 2023.
Conclusion
Considering all these factors, Vigo 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 Vigo County, Indiana.
How Rich Is Vigo County, Indiana?
Vigo 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 $52,606, about 25% lower than the Indiana average of $70,132.
What is the current median household income in Vigo County, Indiana?
As of 2023, the median household income in Vigo County, Indiana is $52,606.
What was the median household income in Vigo County in 2023?
In 2023, the median household income in Vigo County, Indiana was $52,606.
What was the median household income in Vigo County in 2020?
In 2020, the median household income in Vigo County, Indiana was $47,334.
What is the Gini coefficient in Vigo County, Indiana?
The Gini coefficient in Vigo County is 0.557. 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 Vigo County, Indiana?
Since 2009, the income gap between men and women in Vigo County, Indiana has narrowed from about 30% to 17% in 2023. In dollar terms, the gap has narrowed by $4,647 since 2009.