Wealth Index
Wealthier than 76% of counties in Nebraska
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 | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Household Income | $80,479 | $74,987 | $78,145 |
| Median Personal Income | $59,127 | $58,336 | $61,726 |
| Average income growth | 6.4% | 4.6% | 5.1% |
| Six-Figure Earners | 11.2% | 10.8% | 13.2% |
The median household income in Otoe County is about 7% higher than in Nebraska. Income has been growing faster in Otoe County (6.4%/yr) than in Nebraska (4.6%/yr).
About 11% of adults in Otoe County earn six figures ($100,000 or more) a year, about the same as the Nebraska average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Otoe County, Nebraska grew by 73.8% from 2009 to 2023, reaching $80,479 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Otoe County | Gender Pay Gap | Gini Coefficient
| Metric | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.493 | 0.520 | 0.570 |
| Male Median Income | $70,657 | $64,195 | $67,746 |
| Female Median Income | $47,150 | $51,020 | $54,793 |
| Gender Pay Gap | 33.3% | 20.5% | 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 Otoe County, it is 0.493, lower than Nebraska's 0.520, 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 50% more than women's income in Otoe County, Nebraska. Over a 35-year career, a 50% wage gap accumulates to roughly $822,745 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Otoe County, Nebraska has widened from about 23% to 33% in 2023. In dollar terms, the gap has widened by $13,785 since 2009.
Employment
| Metric | Otoe County | Nebraska Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.8% | 3.0% | 5.2% |
| Working from Home | 5.9% | 10.0% | 13.4% |
| Commute time (minutes) | 18 | 16 | 22 |
Approximately 239 people are unemployed in Otoe County, Nebraska.
The average commute time in Otoe County is 18 minutes, longer than the 16 minutes in Nebraska.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Otoe County, Nebraska has fallen from 4.5% to 2.8% in 2023.
Conclusion
Considering all these factors, Otoe County, Nebraska has an overall wealth index grade of B, making it about on par with Nebraska, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Otoe County, Nebraska.
How Wealthy Is Otoe County, Nebraska?
Otoe 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 $80,479, about 7% higher than the Nebraska average of $74,987.
What is the current median household income in Otoe County, Nebraska?
As of 2023, the median household income in Otoe County, Nebraska is $80,479.
What was the median household income in Otoe County in 2023?
In 2023, the median household income in Otoe County, Nebraska was $80,479.
What was the median household income in Otoe County in 2020?
In 2020, the median household income in Otoe County, Nebraska was $65,110.
What is the Gini coefficient in Otoe County, Nebraska?
The Gini coefficient in Otoe County is 0.493. 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 Otoe County, Nebraska?
Since 2009, the income gap between men and women in Otoe County, Nebraska has widened from about 23% to 33% in 2023. In dollar terms, the gap has widened by $13,785 since 2009.