Wealth Index
Wealthier than 78% 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 | Henry County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,836 | $69,785 | $78,145 |
| Median Personal Income | $54,865 | $59,599 | $61,726 |
| Average income growth | 5.2% | 4.7% | 5.1% |
| Six-Figure Earners | 8.1% | 10.5% | 13.2% |
The median household income in Henry County is about 12% higher than in Ohio. Income has been growing faster in Henry County (5.2%/yr) than in Ohio (4.7%/yr).
About 8% of adults in Henry 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 Henry County, Ohio grew by 57.8% from 2009 to 2023, reaching $77,836 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Henry County | Gender Pay Gap | Gini Coefficient
| Metric | Henry County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.543 | 0.570 |
| Male Median Income | $60,991 | $65,552 | $67,746 |
| Female Median Income | $49,322 | $52,370 | $54,793 |
| Gender Pay Gap | 19.1% | 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 Henry County, it is 0.482, 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 24% more than women's income in Henry County, Ohio. Over a 35-year career, a 24% wage gap accumulates to roughly $408,415 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Henry County, Ohio has narrowed from about 32% to 19% in 2023. In dollar terms, the gap has narrowed by $3,158 since 2009.
Employment
| Metric | Henry County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.6% | 4.8% | 5.2% |
| Working from Home | 5.3% | 11.5% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 506 people are unemployed in Henry County, Ohio.
The average commute time in Henry County is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Henry County, Ohio has fallen from 9.9% to 3.6% in 2023.
Conclusion
Considering all these factors, Henry 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 Henry County, Ohio.
How Rich Is Henry County, Ohio?
Henry 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 $77,836, about 12% higher than the Ohio average of $69,785.
What is the current median household income in Henry County, Ohio?
As of 2023, the median household income in Henry County, Ohio is $77,836.
What was the median household income in Henry County in 2023?
In 2023, the median household income in Henry County, Ohio was $77,836.
What was the median household income in Henry County in 2020?
In 2020, the median household income in Henry County, Ohio was $60,392.
What is the Gini coefficient in Henry County, Ohio?
The Gini coefficient in Henry County is 0.482. 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 Henry County, Ohio?
Since 2009, the income gap between men and women in Henry County, Ohio has narrowed from about 32% to 19% in 2023. In dollar terms, the gap has narrowed by $3,158 since 2009.