Wealth Index
Less wealthy than 71% of counties in Ohio
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 | Belmont County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $58,542 | $69,785 | $78,145 |
| Median Personal Income | $49,615 | $59,599 | $61,726 |
| Average income growth | 3.9% | 4.7% | 5.1% |
| Six-Figure Earners | 6.8% | 10.5% | 13.2% |
The median household income in Belmont County is about 16% lower than in Ohio. Income has been growing slower in Belmont County (3.9%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Belmont 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 Belmont County, Ohio grew by 54.5% from 2009 to 2023, reaching $58,542 in 2023. That's an average of about 3.9% per year.
Economic Inequality in Belmont County | Gender Pay Gap | Gini Coefficient
| Metric | Belmont County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.543 | 0.570 |
| Male Median Income | $56,208 | $65,552 | $67,746 |
| Female Median Income | $42,238 | $52,370 | $54,793 |
| Gender Pay Gap | 24.9% | 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 Belmont County, it is 0.543, about the same as Ohio's 0.543, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 33% more than women's income in Belmont County, Ohio. Over a 35-year career, a 33% wage gap accumulates to roughly $488,950 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Belmont County, Ohio has narrowed from about 36% to 25% in 2023. In dollar terms, the gap has narrowed by $1,502 since 2009.
Employment
| Metric | Belmont County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 4.8% | 5.2% |
| Working from Home | 5.5% | 11.5% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 1,715 people are unemployed in Belmont County, Ohio.
The average commute time in Belmont County is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Belmont County, Ohio has fallen from 7.6% to 5.7% in 2023.
Conclusion
Considering all these factors, Belmont County, Ohio has an overall wealth index grade of D, making it about on par with Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Belmont County, Ohio.
How Rich Is Belmont County, Ohio?
Belmont 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 $58,542, about 16% lower than the Ohio average of $69,785.
What is the current median household income in Belmont County, Ohio?
As of 2023, the median household income in Belmont County, Ohio is $58,542.
What was the median household income in Belmont County in 2023?
In 2023, the median household income in Belmont County, Ohio was $58,542.
What was the median household income in Belmont County in 2020?
In 2020, the median household income in Belmont County, Ohio was $52,010.
What is the Gini coefficient in Belmont County, Ohio?
The Gini coefficient in Belmont County is 0.543. 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 Belmont County, Ohio?
Since 2009, the income gap between men and women in Belmont County, Ohio has narrowed from about 36% to 25% in 2023. In dollar terms, the gap has narrowed by $1,502 since 2009.