Indiana Income Statistics
Indiana Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a state's residents based on income levels, employment rates, and income inequality metrics.
-
C
Indiana Below average
Source: Map AI Methodology
Wealthiest and Least Wealthy Counties in Indiana
- Hamilton County (131% of U.S. avg)
- Boone County (125% of U.S. avg)
- Hendricks County (115% of U.S. avg)
- Delaware County (84% of U.S. avg)
- Crawford County (85% of U.S. avg)
- Vigo County (85% of U.S. avg)
Ranked by the Map AI Wealth Index, which combines income, employment, and income inequality metrics.
Income Statistics Overview
| Metric | Indiana | US Average |
|---|---|---|
| Median Household Income | $71,967 | $80,455 |
| Median Personal Income | $55,757 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.8% |
| Six-Figure Earners | 10.2% | 13.9% |
| $200k+ Households | 8.2% | 13.2% |
The median household income in Indiana is about 11% lower than in US. Income has been growing slower in Indiana (4.5%/yr) than in US (4.8%/yr).
About 10% of adults in Indiana earn six figures ($100,000 or more) a year, lower than the US average of 14%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Indiana grew by 51.6% from 2009 to 2024, reaching $71,967 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in Indiana
| Metric | Indiana | US Average |
|---|---|---|
| Gini Coefficient | 0.534 | 0.552 |
| Male Median Income | $65,086 | $69,667 |
| Female Median Income | $51,220 | $56,850 |
| Gender Pay Gap | 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 Indiana, it is 0.534, lower than US's 0.552, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Indiana. Over a 35-year career, a 27% wage gap accumulates to roughly $485,310 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Indiana has narrowed from about 28% to 21% in 2024. Over that period the gap was widest at 28% in 2010. In dollar terms, the gap has widened by $1,259 since 2009.
Employment
| Metric | Indiana | US Average |
|---|---|---|
| Unemployment Rate | 4.3% | 5.2% |
| Working from Home | 10.7% | 15.0% |
| Commute time (minutes) | 21 | 22 |
Approximately 148,346 people are unemployed in Indiana.
The average commute time in Indiana is 21 minutes, shorter than the 22 minutes in US.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Indiana has fallen from 9.0% to 4.3% in 2024. Over that period the rate peaked at 9.6% in 2013.
Indiana Wealth Compared With Nearby States
Indiana is the 5th largest of the 6 states compared here, 6,845,048 residents against a local median of 10,068,405. Indiana sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these states turns on things this data does not capture.
The largest of those small differences is unemployment, 12% below the local median at 4.3% against 4.8%. Indiana has the lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Indiana | 6,845,048 | $71,967 #3/6 | 4.5%/yr #4/6 | 4.3% #1/6 | 0.534 #2/6 |
| Kentucky | 4,533,530 | $64,312 | 4.6%/yr | 4.8% | 0.547 |
| Illinois | 12,692,444 | $84,042 | 4.5%/yr | 5.8% | 0.547 |
| Ohio | 11,799,428 | $71,509 | 4.4%/yr | 4.8% | 0.532 |
| Tennessee | 7,058,506 | $69,901 | 5.2%/yr | 4.6% | 0.542 |
| Michigan | 10,068,405 | $72,977 | 4.6%/yr | 5.7% | 0.539 |
Conclusion
Considering all these factors, Indiana has an overall wealth index grade of C, making it about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Indiana.
How Wealthy Is Indiana?
Indiana 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 $71,967, about 11% lower than the US average of $80,455.
Are incomes growing in Indiana?
Between 2009 and 2024, the median household income in Indiana rose 52%, from $47,483 to $71,967. Over the same years, income here lagged behind the U.S. as a whole: +52% against +57%.
What was the median household income in Indiana in 2023?
In 2023, the median household income in Indiana was $70,115, up 4% from $67,309 in 2022. The US median that year was $78,147.
What was the median household income in Indiana in 2020?
In 2020, the median household income in Indiana was $58,457. By 2024 it had risen 23% to $71,967.
What is the Gini coefficient in Indiana?
The Gini coefficient in Indiana is 0.534. 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 Indiana?
Since 2009, the income gap between men and women in Indiana has narrowed from about 28% to 21% in 2024. Over that period the gap was widest at 28% in 2010. In dollar terms, the gap has widened by $1,259 since 2009.
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