Wealth Index
Wealthier than 79% 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 | Hamilton County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $70,654 | $69,785 | $78,145 |
| Median Personal Income | $63,621 | $59,599 | $61,726 |
| Average income growth | 4.9% | 4.7% | 5.1% |
| Six-Figure Earners | 13.3% | 10.5% | 13.2% |
The median household income in Hamilton County is about 1% higher than in Ohio. Income has been growing faster in Hamilton County (4.9%/yr) than in Ohio (4.7%/yr).
About 13% of adults in Hamilton 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 Hamilton County, Ohio grew by 46.1% from 2009 to 2023, reaching $70,654 in 2023. That's an average of about 4.9% per year.
Economic Inequality in Hamilton County | Gender Pay Gap | Gini Coefficient
| Metric | Hamilton County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.543 | 0.570 |
| Male Median Income | $69,469 | $65,552 | $67,746 |
| Female Median Income | $57,322 | $52,370 | $54,793 |
| Gender Pay Gap | 17.5% | 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 Hamilton County, it is 0.548, 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 21% more than women's income in Hamilton County, Ohio. Over a 35-year career, a 21% wage gap accumulates to roughly $425,145 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hamilton County, Ohio has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $1,922 since 2009.
Employment
| Metric | Hamilton County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.0% | 4.8% | 5.2% |
| Working from Home | 13.7% | 11.5% | 13.4% |
| Commute time (minutes) | 21 | 21 | 22 |
Approximately 22,022 people are unemployed in Hamilton County, Ohio.
The average commute time in Hamilton County is 21 minutes, about the same as in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hamilton County, Ohio has fallen from 8.6% to 5.0% in 2023.
Conclusion
Considering all these factors, Hamilton 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 Hamilton County, Ohio.
How Rich Is Hamilton County, Ohio?
Hamilton 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 $70,654, about 1% higher than the Ohio average of $69,785.
What is the current median household income in Hamilton County, Ohio?
As of 2023, the median household income in Hamilton County, Ohio is $70,654.
What was the median household income in Hamilton County in 2023?
In 2023, the median household income in Hamilton County, Ohio was $70,654.
What was the median household income in Hamilton County in 2020?
In 2020, the median household income in Hamilton County, Ohio was $59,290.
What is the Gini coefficient in Hamilton County, Ohio?
The Gini coefficient in Hamilton County is 0.548. 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 Hamilton County, Ohio?
Since 2009, the income gap between men and women in Hamilton County, Ohio has narrowed from about 21% to 17% in 2023. In dollar terms, the gap has widened by $1,922 since 2009.