Wells County, Indiana Income Statistics
Wells County Wealth Score
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.
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B
Wells County Around averageWealthier than 82% of counties in Indiana
Source: Map AI Methodology
Income Statistics Overview
| Metric | Wells County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,823 | $71,967 | $80,455 |
| Median Personal Income | $51,155 | $55,757 | $60,758 |
| Average Yearly Income Growth | 3.8% | 4.5% | 4.8% |
| Six-Figure Earners | 7.8% | 10.2% | 13.9% |
| $200k+ Households | 4.9% | 8.2% | 13.2% |
The median household income in Wells County is about 2% lower than in Indiana. Income has been growing slower in Wells County (3.8%/yr) than in Indiana (4.5%/yr).
About 8% of adults in Wells County earn six figures ($100,000 or more) a year, lower than the Indiana average of 10%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Wells County, Indiana grew by 48.7% from 2009 to 2024, reaching $70,823 in 2024. That's an average of about 3.8% per year.
Income Inequality and the Gender Pay Gap in Wells County
| Metric | Wells County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.534 | 0.552 |
| Male Median Income | $61,214 | $65,086 | $69,667 |
| Female Median Income | $47,407 | $51,220 | $56,850 |
| Gender Pay Gap | 22.6% | 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 Wells County, it is 0.486, lower than Indiana's 0.534, so income is more 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 29% more than women's income in Wells County, Indiana. Over a 35-year career, a 29% wage gap accumulates to roughly $483,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wells County, Indiana has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 19% in 2017. In dollar terms, the gap has widened by $2,603 since 2009.
Employment
| Metric | Wells County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 4.3% | 5.2% |
| Working from Home | 5.9% | 10.7% | 15.0% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 386 people are unemployed in Wells County, Indiana.
The average commute time in Wells County is 20 minutes, shorter than the 21 minutes in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wells County, Indiana has fallen from 9.3% to 2.6% in 2024. Over that period the rate fell as low as 2.1% in 2023.
Wells County, IN Wealth Compared With Nearby Counties
Wells County, IN is the 4th largest of the 6 counties compared here, 28,420 residents against a local median of 36,227. Wells County, IN's unemployment, at 2.6%, runs 30% below the 3.7% typical of the counties around it. That is the better end of the local range on this measure.
The counties themselves spread 1.9% on unemployment, so Wells County, IN sits at one end of an already wide local range rather than apart from it. Wells County, IN 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. |
|---|---|---|---|---|---|
| Wells County, IN | 28,420 | $70,823 #1/6 | 3.8%/yr #6/6 | 2.6% #1/6 | 0.486 #1/6 |
| Blackford County, IN | 11,950 | $52,492 | 4.0%/yr | 3.7% | 0.523 |
| Adams County, IN | 36,227 | $65,374 | 4.2%/yr | 2.8% | 0.513 |
| Huntington County, IN | 36,800 | $67,617 | 4.5%/yr | 3.5% | 0.493 |
| Jay County, IN | 20,223 | $56,874 | 3.8%/yr | 4.4% | 0.507 |
| Allen County, IN | 392,386 | $70,795 | 4.6%/yr | 4.7% | 0.521 |
Conclusion
Considering all these factors, Wells County, Indiana has an overall wealth index grade of B, making it somewhat better than Indiana, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wells County, Indiana.
How Rich Is Wells County, Indiana?
Wells County has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $70,823, about 2% lower than the Indiana average of $71,967.
Are incomes growing in Wells County, Indiana?
Between 2009 and 2024, the median household income in Wells County, Indiana rose 49%, from $47,613 to $70,823. Over the same years, income here lagged behind Indiana as a whole: +49% against +52%.
What was the median household income in Wells County in 2023?
In 2023, the median household income in Wells County, Indiana was $70,038, up 3% from $68,044 in 2022. The Indiana median that year was $70,115.
What was the median household income in Wells County in 2020?
In 2020, the median household income in Wells County, Indiana was $58,226. By 2024 it had risen 22% to $70,823.
How strong is the job market in Wells County, Indiana?
Unemployment in Wells County, Indiana is only 2.6%, well below the Indiana rate of 4.3%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Wells County, Indiana?
The Gini coefficient in Wells County is 0.486. 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 Wells County, Indiana?
Since 2009, the income gap between men and women in Wells County, Indiana has narrowed from about 26% to 23% in 2024. Over that period the gap was widest at 32% in 2013, and was narrowest at 19% in 2017. In dollar terms, the gap has widened by $2,603 since 2009.
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