Wealth Index
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 | Allen County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,372 | $69,785 | $78,145 |
| Median Personal Income | $54,992 | $59,599 | $61,726 |
| Average income growth | 4.6% | 4.7% | 5.1% |
| Six-Figure Earners | 6.8% | 10.5% | 13.2% |
The median household income in Allen County is about 11% lower than in Ohio. Income has been growing slower in Allen County (4.6%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Allen County earn six figures ($100,000 or more) a year, lower than the Ohio average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Allen County, Ohio grew by 43.3% from 2009 to 2023, reaching $62,372 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Allen County | Gender Pay Gap | Gini Coefficient
| Metric | Allen County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.543 | 0.570 |
| Male Median Income | $61,697 | $65,552 | $67,746 |
| Female Median Income | $47,240 | $52,370 | $54,793 |
| Gender Pay Gap | 23.4% | 20.1% | 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 Allen County, it is 0.522, lower than Ohio's 0.543, 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 31% more than women's income in Allen County, Ohio. Over a 35-year career, a 31% wage gap accumulates to roughly $505,995 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Allen County, Ohio has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,675 since 2009.
Employment
| Metric | Allen County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 4.8% | 5.2% |
| Working from Home | 4.6% | 11.5% | 13.4% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 2,865 people are unemployed in Allen County, Ohio.
The average commute time in Allen County is 16 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Allen County, Ohio has fallen from 10.8% to 5.8% in 2023.
Conclusion
Considering all these factors, Allen County, Ohio has an overall wealth index grade of C, making it about on par with Ohio, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Allen County, Ohio.
How Wealthy Is Allen County, Ohio?
Allen County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $62,372, about 11% lower than the Ohio average of $69,785.
What is the current median household income in Allen County, Ohio?
As of 2023, the median household income in Allen County, Ohio is $62,372.
What was the median household income in Allen County in 2023?
In 2023, the median household income in Allen County, Ohio was $62,372.
What was the median household income in Allen County in 2020?
In 2020, the median household income in Allen County, Ohio was $51,753.
What is the Gini coefficient in Allen County, Ohio?
The Gini coefficient in Allen County is 0.522. 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 Allen County, Ohio?
Since 2009, the income gap between men and women in Allen County, Ohio has narrowed from about 29% to 23% in 2023. In dollar terms, the gap has widened by $1,675 since 2009.