Wealth Index
Wealthier than 72% 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 | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,941 | $69,785 | $78,145 |
| Median Personal Income | $54,004 | $59,599 | $61,726 |
| Average income growth | 5.5% | 4.7% | 5.1% |
| Six-Figure Earners | 6.8% | 10.5% | 13.2% |
The median household income in Defiance County is about 6% higher than in Ohio. Income has been growing faster in Defiance County (5.5%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Defiance 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 Defiance County, Ohio grew by 64.0% from 2009 to 2023, reaching $73,941 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Defiance County | Gender Pay Gap | Gini Coefficient
| Metric | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.489 | 0.543 | 0.570 |
| Male Median Income | $62,308 | $65,552 | $67,746 |
| Female Median Income | $46,268 | $52,370 | $54,793 |
| Gender Pay Gap | 25.7% | 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 Defiance County, it is 0.489, 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 35% more than women's income in Defiance County, Ohio. Over a 35-year career, a 35% wage gap accumulates to roughly $561,400 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Defiance County, Ohio has narrowed from about 32% to 26% in 2023. In dollar terms, the gap has widened by $1,570 since 2009.
Employment
| Metric | Defiance County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.0% | 4.8% | 5.2% |
| Working from Home | 6.0% | 11.5% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 791 people are unemployed in Defiance County, Ohio.
The average commute time in Defiance County is 17 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Defiance County, Ohio has fallen from 10.2% to 4.0% in 2023.
Conclusion
Considering all these factors, Defiance 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 Defiance County, Ohio.
How Rich Is Defiance County, Ohio?
Defiance 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 $73,941, about 6% higher than the Ohio average of $69,785.
What is the current median household income in Defiance County, Ohio?
As of 2023, the median household income in Defiance County, Ohio is $73,941.
What was the median household income in Defiance County in 2023?
In 2023, the median household income in Defiance County, Ohio was $73,941.
What was the median household income in Defiance County in 2020?
In 2020, the median household income in Defiance County, Ohio was $61,950.
What is the Gini coefficient in Defiance County, Ohio?
The Gini coefficient in Defiance County is 0.489. 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 Defiance County, Ohio?
Since 2009, the income gap between men and women in Defiance County, Ohio has narrowed from about 32% to 26% in 2023. In dollar terms, the gap has widened by $1,570 since 2009.