Wealth Index
Among the top 3 wealthiest counties in Kansas
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 | Miami County | Kansas Avg | US Average |
|---|---|---|---|
| Median Household Income | $89,912 | $72,682 | $78,145 |
| Median Personal Income | $65,398 | $56,764 | $61,726 |
| Average income growth | 5.1% | 4.3% | 5.1% |
| Six-Figure Earners | 12.3% | 10.6% | 13.2% |
The median household income in Miami County is about 24% higher than in Kansas. Income has been growing faster in Miami County (5.1%/yr) than in Kansas (4.3%/yr).
About 12% of adults in Miami County earn six figures ($100,000 or more) a year, higher than the Kansas average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Miami County, Kansas grew by 50.1% from 2009 to 2023, reaching $89,912 in 2023. That's an average of about 5.1% per year.
Economic Inequality in Miami County | Gender Pay Gap | Gini Coefficient
| Metric | Miami County | Kansas Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.518 | 0.539 | 0.570 |
| Male Median Income | $72,144 | $63,363 | $67,746 |
| Female Median Income | $53,035 | $49,832 | $54,793 |
| Gender Pay Gap | 26.5% | 21.4% | 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 Miami County, it is 0.518, lower than Kansas's 0.539, 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 36% more than women's income in Miami County, Kansas. Over a 35-year career, a 36% wage gap accumulates to roughly $668,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Miami County, Kansas has narrowed from about 28% to 26% in 2023. In dollar terms, the gap has widened by $4,920 since 2009.
Employment
| Metric | Miami County | Kansas Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 3.9% | 5.2% |
| Working from Home | 12.5% | 10.7% | 13.4% |
| Commute time (minutes) | 30 | 17 | 22 |
Approximately 495 people are unemployed in Miami County, Kansas.
The average commute time in Miami County is 30 minutes, longer than the 17 minutes in Kansas.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Miami County, Kansas has fallen from 7.1% to 2.8% in 2023.
Conclusion
Considering all these factors, Miami County, Kansas has an overall wealth index grade of B, making it somewhat better than Kansas, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Miami County, Kansas.
How Rich Is Miami County, Kansas?
Miami 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 $89,912, about 24% higher than the Kansas average of $72,682.
What is the current median household income in Miami County, Kansas?
As of 2023, the median household income in Miami County, Kansas is $89,912.
What was the median household income in Miami County in 2023?
In 2023, the median household income in Miami County, Kansas was $89,912.
What was the median household income in Miami County in 2020?
In 2020, the median household income in Miami County, Kansas was $76,224.
What is the Gini coefficient in Miami County, Kansas?
The Gini coefficient in Miami County is 0.518. 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 Miami County, Kansas?
Since 2009, the income gap between men and women in Miami County, Kansas has narrowed from about 28% to 26% in 2023. In dollar terms, the gap has widened by $4,920 since 2009.