Wealth Index
Wealthier than 93% 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 | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $83,711 | $69,785 | $78,145 |
| Median Personal Income | $64,783 | $59,599 | $61,726 |
| Average income growth | 4.5% | 4.7% | 5.1% |
| Six-Figure Earners | 13.1% | 10.5% | 13.2% |
The median household income in Clermont County is about 20% higher than in Ohio. Income has been growing slower in Clermont County (4.5%/yr) than in Ohio (4.7%/yr).
About 13% of adults in Clermont County earn six figures ($100,000 or more) a year, higher than the Ohio average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Clermont County, Ohio grew by 45.7% from 2009 to 2023, reaching $83,711 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Clermont County | Gender Pay Gap | Gini Coefficient
| Metric | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.533 | 0.543 | 0.570 |
| Male Median Income | $70,905 | $65,552 | $67,746 |
| Female Median Income | $57,458 | $52,370 | $54,793 |
| Gender Pay Gap | 19.0% | 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 Clermont County, it is 0.533, 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 23% more than women's income in Clermont County, Ohio. Over a 35-year career, a 23% wage gap accumulates to roughly $470,645 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Clermont County, Ohio has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has widened by $1,219 since 2009.
Employment
| Metric | Clermont County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 12.3% | 11.5% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 4,476 people are unemployed in Clermont County, Ohio.
The average commute time in Clermont County is 27 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Clermont County, Ohio has fallen from 7.1% to 4.1% in 2023.
Conclusion
Considering all these factors, Clermont County, Ohio has an overall wealth index grade of B, making it somewhat better than Ohio, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Clermont County, Ohio.
How Rich Is Clermont County, Ohio?
Clermont 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 $83,711, about 20% higher than the Ohio average of $69,785.
What is the current median household income in Clermont County, Ohio?
As of 2023, the median household income in Clermont County, Ohio is $83,711.
What was the median household income in Clermont County in 2023?
In 2023, the median household income in Clermont County, Ohio was $83,711.
What was the median household income in Clermont County in 2020?
In 2020, the median household income in Clermont County, Ohio was $70,260.
What is the Gini coefficient in Clermont County, Ohio?
The Gini coefficient in Clermont County is 0.533. 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 Clermont County, Ohio?
Since 2009, the income gap between men and women in Clermont County, Ohio has narrowed from about 25% to 19% in 2023. In dollar terms, the gap has widened by $1,219 since 2009.