Wealth Index
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 | Hardin County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $56,336 | $69,785 | $78,145 |
| Median Personal Income | $49,854 | $59,599 | $61,726 |
| Average income growth | 3.0% | 4.7% | 5.1% |
| Six-Figure Earners | 5.8% | 10.5% | 13.2% |
The median household income in Hardin County is about 19% lower than in Ohio. Income has been growing slower in Hardin County (3.0%/yr) than in Ohio (4.7%/yr).
About 6% of adults in Hardin 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 Hardin County, Ohio grew by 37.2% from 2009 to 2023, reaching $56,336 in 2023. That's an average of about 3.0% per year.
Economic Inequality in Hardin County | Gender Pay Gap | Gini Coefficient
| Metric | Hardin County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.506 | 0.543 | 0.570 |
| Male Median Income | $54,948 | $65,552 | $67,746 |
| Female Median Income | $43,685 | $52,370 | $54,793 |
| Gender Pay Gap | 20.5% | 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 Hardin County, it is 0.506, 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 26% more than women's income in Hardin County, Ohio. Over a 35-year career, a 26% wage gap accumulates to roughly $394,205 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hardin County, Ohio has narrowed from about 22% to 20% in 2023. In dollar terms, the gap has widened by $1,904 since 2009.
Employment
| Metric | Hardin County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.1% | 4.8% | 5.2% |
| Working from Home | 5.0% | 11.5% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 598 people are unemployed in Hardin County, Ohio.
The average commute time in Hardin County is 22 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hardin County, Ohio has fallen from 10.5% to 4.1% in 2023.
Conclusion
Considering all these factors, Hardin County, Ohio has an overall wealth index grade of C, making it about on par with Ohio, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Hardin County, Ohio.
How Rich Is Hardin County, Ohio?
Hardin County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $56,336, about 19% lower than the Ohio average of $69,785.
What is the current median household income in Hardin County, Ohio?
As of 2023, the median household income in Hardin County, Ohio is $56,336.
What was the median household income in Hardin County in 2023?
In 2023, the median household income in Hardin County, Ohio was $56,336.
What was the median household income in Hardin County in 2020?
In 2020, the median household income in Hardin County, Ohio was $49,626.
What is the Gini coefficient in Hardin County, Ohio?
The Gini coefficient in Hardin County is 0.506. 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 Hardin County, Ohio?
Since 2009, the income gap between men and women in Hardin County, Ohio has narrowed from about 22% to 20% in 2023. In dollar terms, the gap has widened by $1,904 since 2009.