Wealth Index
Wealthier than 93% 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 | Whitley County | Indiana Avg | US Average |
|---|---|---|---|
| Median Household Income | $76,116 | $70,132 | $78,145 |
| Median Personal Income | $56,758 | $56,502 | $61,726 |
| Average income growth | 4.5% | 4.8% | 5.1% |
| Six-Figure Earners | 8.2% | 9.6% | 13.2% |
The median household income in Whitley County is about 9% higher than in Indiana. Income has been growing slower in Whitley County (4.5%/yr) than in Indiana (4.8%/yr).
About 8% of adults in Whitley 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 Whitley County, Indiana grew by 48.0% from 2009 to 2023, reaching $76,116 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Whitley County | Gender Pay Gap | Gini Coefficient
| Metric | Whitley County | Indiana Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.544 | 0.570 |
| Male Median Income | $68,099 | $63,558 | $67,746 |
| Female Median Income | $45,915 | $49,036 | $54,793 |
| Gender Pay Gap | 32.6% | 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 Whitley County, it is 0.489, lower than Indiana's 0.544, so income is more 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 48% more than women's income in Whitley County, Indiana. Over a 35-year career, a 48% wage gap accumulates to roughly $776,440 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Whitley County, Indiana has widened from about 27% to 33% in 2023. In dollar terms, the gap has widened by $9,981 since 2009.
Employment
| Metric | Whitley County | Indiana Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 4.3% | 5.2% |
| Working from Home | 7.3% | 9.6% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 803 people are unemployed in Whitley County, Indiana.
The average commute time in Whitley County is 21 minutes, about the same as in Indiana.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Whitley County, Indiana has fallen from 10.1% to 4.5% in 2023.
Conclusion
Considering all these factors, Whitley 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 Whitley County, Indiana.
How Rich Is Whitley County, Indiana?
Whitley 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 $76,116, about 9% higher than the Indiana average of $70,132.
What is the current median household income in Whitley County, Indiana?
As of 2023, the median household income in Whitley County, Indiana is $76,116.
What was the median household income in Whitley County in 2023?
In 2023, the median household income in Whitley County, Indiana was $76,116.
What was the median household income in Whitley County in 2020?
In 2020, the median household income in Whitley County, Indiana was $64,459.
What is the Gini coefficient in Whitley County, Indiana?
The Gini coefficient in Whitley County is 0.489. 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 Whitley County, Indiana?
Since 2009, the income gap between men and women in Whitley County, Indiana has widened from about 27% to 33% in 2023. In dollar terms, the gap has widened by $9,981 since 2009.