Wealth Index
Less wealthy than 86% of counties in North Carolina
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 | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Median Household Income | $45,274 | $69,937 | $78,145 |
| Median Personal Income | $43,290 | $55,581 | $61,726 |
| Average income growth | 4.0% | 5.4% | 5.1% |
| Six-Figure Earners | 5.8% | 11.0% | 13.2% |
The median household income in Warren County is about 35% lower than in North Carolina. Income has been growing slower in Warren County (4.0%/yr) than in North Carolina (5.4%/yr).
About 6% of adults in Warren County earn six figures ($100,000 or more) a year, lower than the North Carolina average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Warren County, North Carolina grew by 58.6% from 2009 to 2023, reaching $45,274 in 2023. That's an average of about 4.0% per year.
Economic Inequality in Warren County | Gender Pay Gap | Gini Coefficient
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.561 | 0.570 |
| Male Median Income | $46,605 | $60,778 | $67,746 |
| Female Median Income | $39,127 | $50,560 | $54,793 |
| Gender Pay Gap | 16.0% | 16.8% | 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 Warren County, it is 0.566, about the same as North Carolina's 0.561, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 19% more than women's income in Warren County, North Carolina. Over a 35-year career, a 19% wage gap accumulates to roughly $261,730 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Warren County, North Carolina has narrowed from about 31% to 16% in 2023. In dollar terms, the gap has narrowed by $5,222 since 2009.
Employment
| Metric | Warren County | North Carolina Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.0% | 4.7% | 5.2% |
| Working from Home | 8.9% | 14.5% | 13.4% |
| Commute time (minutes) | 23 | 21 | 22 |
Approximately 636 people are unemployed in Warren County, North Carolina.
The average commute time in Warren County is 23 minutes, longer than the 21 minutes in North Carolina.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Warren County, North Carolina has fallen from 9.5% to 8.0% in 2023.
Conclusion
Considering all these factors, Warren County, North Carolina has an overall wealth index grade of D, making it somewhat worse than North Carolina, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Warren County, North Carolina.
How Rich Is Warren County, North Carolina?
Warren 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 $45,274, about 35% lower than the North Carolina average of $69,937.
What is the current median household income in Warren County, North Carolina?
As of 2023, the median household income in Warren County, North Carolina is $45,274.
What was the median household income in Warren County in 2023?
In 2023, the median household income in Warren County, North Carolina was $45,274.
What was the median household income in Warren County in 2020?
In 2020, the median household income in Warren County, North Carolina was $37,591.
What is the Gini coefficient in Warren County, North Carolina?
The Gini coefficient in Warren County is 0.566. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Warren County, North Carolina?
Since 2009, the income gap between men and women in Warren County, North Carolina has narrowed from about 31% to 16% in 2023. In dollar terms, the gap has narrowed by $5,222 since 2009.