Hancock County, Ohio Income Statistics
Hancock County Wealth Score
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.
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B
Hancock County Around averageWealthier than 85% of counties in Ohio
Source: Map AI Methodology
Income Statistics Overview
| Metric | Hancock County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,080 | $71,509 | $80,455 |
| Median Personal Income | $56,297 | $58,431 | $60,758 |
| Average Yearly Income Growth | 4.4% | 4.4% | 4.8% |
| Six-Figure Earners | 9.3% | 11.1% | 13.9% |
| $200k+ Households | 7.8% | 9.1% | 13.2% |
The median household income in Hancock County is about 2% higher than in Ohio. Income has been growing slower in Hancock County (4.4%/yr) than in Ohio (4.4%/yr).
About 9% of adults in Hancock County earn six figures ($100,000 or more) a year, lower than the Ohio average of 11%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Hancock County, Ohio grew by 50.7% from 2009 to 2024, reaching $73,080 in 2024. That's an average of about 4.4% per year.
Income Inequality and the Gender Pay Gap in Hancock County
| Metric | Hancock County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.505 | 0.532 | 0.552 |
| Male Median Income | $64,695 | $67,200 | $69,667 |
| Female Median Income | $50,760 | $54,076 | $56,850 |
| Gender Pay Gap | 21.5% | 19.5% | 18.4% |
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 Hancock County, it is 0.505, lower than Ohio's 0.532, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 27% more than women's income in Hancock County, Ohio. Over a 35-year career, a 27% wage gap accumulates to roughly $487,725 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hancock County, Ohio has narrowed from about 25% to 22% in 2024. Over that period the gap was widest at 29% in 2011. In dollar terms, the gap has widened by $2,921 since 2009.
Employment
| Metric | Hancock County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.1% | 4.8% | 5.2% |
| Working from Home | 9.7% | 13.0% | 15.0% |
| Commute time (minutes) | 15 | 21 | 22 |
Approximately 1,216 people are unemployed in Hancock County, Ohio.
The average commute time in Hancock County is 15 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hancock County, Ohio has fallen from 7.6% to 3.1% in 2024. Over that period the rate peaked at 8.6% in 2013.
Hancock County, OH Wealth Compared With Nearby Counties
Hancock County, OH is the 3rd largest of the 6 counties compared here, 74,864 residents against a local median of 34,314. The measure that sets Hancock County, OH apart most is unemployment: 3.1%, 30% below the local median of 4.5%. That is the better end of the local range on this measure.
The counties themselves spread 3.9% on unemployment, so Hancock County, OH sits at one end of an already wide local range rather than apart from it. Hancock County, OH has the 3rd lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Hancock County, OH | 74,864 | $73,080 #3/6 | 4.4%/yr #2/6 | 3.1% #3/6 | 0.505 #3/6 |
| Hardin County, OH | 27,171 | $64,919 | 4.3%/yr | 4.6% | 0.558 |
| Wood County, OH | 132,059 | $74,345 | 3.4%/yr | 4.5% | 0.543 |
| Wyandot County, OH | 18,073 | $70,717 | 3.9%/yr | 1.9% | 0.500 |
| Putnam County, OH | 34,314 | $84,471 | 4.3%/yr | 1.8% | 0.488 |
| Allen County, OH | 101,348 | $64,736 | 4.5%/yr | 5.7% | 0.516 |
Conclusion
Considering all these factors, Hancock 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 Hancock County, Ohio.
How Rich Is Hancock County, Ohio?
Hancock 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 $73,080, about 2% higher than the Ohio average of $71,509.
How fast is household income rising in Hancock County, Ohio?
Between 2009 and 2024, the median household income in Hancock County, Ohio rose 51%, from $48,483 to $73,080. Over the same years, income here kept pace with Ohio as a whole: +51% against +51%.
What was the median household income in Hancock County in 2023?
In 2023, the median household income in Hancock County, Ohio was $68,916, up 4% from $66,398 in 2022. The Ohio median that year was $69,792.
What was the median household income in Hancock County in 2020?
In 2020, the median household income in Hancock County, Ohio was $57,876. By 2024 it had risen 26% to $73,080.
Is it hard to find a job in Hancock County, Ohio?
Unemployment in Hancock County, Ohio is only 3.1%, well below the Ohio rate of 4.8%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Hancock County, Ohio?
The Gini coefficient in Hancock County is 0.505. 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 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Hancock County, Ohio?
Since 2009, the income gap between men and women in Hancock County, Ohio has narrowed from about 25% to 22% in 2024. Over that period the gap was widest at 29% in 2011. In dollar terms, the gap has widened by $2,921 since 2009.
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