Wealth Index
Less wealthy than 77% 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 | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $54,987 | $69,785 | $78,145 |
| Median Personal Income | $49,576 | $59,599 | $61,726 |
| Average income growth | 4.1% | 4.7% | 5.1% |
| Six-Figure Earners | 5.7% | 10.5% | 13.2% |
The median household income in Guernsey County is about 21% lower than in Ohio. Income has been growing slower in Guernsey County (4.1%/yr) than in Ohio (4.7%/yr).
About 6% of adults in Guernsey 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 Guernsey County, Ohio grew by 48.1% from 2009 to 2023, reaching $54,987 in 2023. That's an average of about 4.1% per year.
Economic Inequality in Guernsey County | Gender Pay Gap | Gini Coefficient
| Metric | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.521 | 0.543 | 0.570 |
| Male Median Income | $55,514 | $65,552 | $67,746 |
| Female Median Income | $41,963 | $52,370 | $54,793 |
| Gender Pay Gap | 24.4% | 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 Guernsey County, it is 0.521, 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 32% more than women's income in Guernsey County, Ohio. Over a 35-year career, a 32% wage gap accumulates to roughly $474,285 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Guernsey County, Ohio has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $4,023 since 2009.
Employment
| Metric | Guernsey County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 3.8% | 11.5% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 875 people are unemployed in Guernsey County, Ohio.
The average commute time in Guernsey County is 17 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Guernsey County, Ohio has fallen from 9.7% to 5.0% in 2023.
Conclusion
Considering all these factors, Guernsey County, Ohio has an overall wealth index grade of D, making it somewhat worse than Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Guernsey County, Ohio.
How Rich Is Guernsey County, Ohio?
Guernsey 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 $54,987, about 21% lower than the Ohio average of $69,785.
What is the current median household income in Guernsey County, Ohio?
As of 2023, the median household income in Guernsey County, Ohio is $54,987.
What was the median household income in Guernsey County in 2023?
In 2023, the median household income in Guernsey County, Ohio was $54,987.
What was the median household income in Guernsey County in 2020?
In 2020, the median household income in Guernsey County, Ohio was $46,308.
What is the Gini coefficient in Guernsey County, Ohio?
The Gini coefficient in Guernsey County is 0.521. 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 Guernsey County, Ohio?
Since 2009, the income gap between men and women in Guernsey County, Ohio has narrowed from about 25% to 24% in 2023. In dollar terms, the gap has widened by $4,023 since 2009.