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 | Hocking County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,391 | $69,785 | $78,145 |
| Median Personal Income | $50,389 | $59,599 | $61,726 |
| Average income growth | 5.4% | 4.7% | 5.1% |
| Six-Figure Earners | 6.1% | 10.5% | 13.2% |
The median household income in Hocking County is about 11% lower than in Ohio. Income has been growing faster in Hocking County (5.4%/yr) than in Ohio (4.7%/yr).
About 6% of adults in Hocking 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 Hocking County, Ohio grew by 54.2% from 2009 to 2023, reaching $62,391 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Hocking County | Gender Pay Gap | Gini Coefficient
| Metric | Hocking County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.524 | 0.543 | 0.570 |
| Male Median Income | $55,476 | $65,552 | $67,746 |
| Female Median Income | $41,439 | $52,370 | $54,793 |
| Gender Pay Gap | 25.3% | 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 Hocking County, it is 0.524, 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 34% more than women's income in Hocking County, Ohio. Over a 35-year career, a 34% wage gap accumulates to roughly $491,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Hocking County, Ohio has narrowed from about 26% to 25% in 2023. In dollar terms, the gap has widened by $3,836 since 2009.
Employment
| Metric | Hocking County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 4.8% | 5.2% |
| Working from Home | 6.3% | 11.5% | 13.4% |
| Commute time (minutes) | 26 | 21 | 22 |
Approximately 647 people are unemployed in Hocking County, Ohio.
The average commute time in Hocking County is 26 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Hocking County, Ohio has fallen from 8.8% to 4.9% in 2023.
Conclusion
Considering all these factors, Hocking 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 Hocking County, Ohio.
How Rich Is Hocking County, Ohio?
Hocking 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 $62,391, about 11% lower than the Ohio average of $69,785.
What is the current median household income in Hocking County, Ohio?
As of 2023, the median household income in Hocking County, Ohio is $62,391.
What was the median household income in Hocking County in 2023?
In 2023, the median household income in Hocking County, Ohio was $62,391.
What was the median household income in Hocking County in 2020?
In 2020, the median household income in Hocking County, Ohio was $56,022.
What is the Gini coefficient in Hocking County, Ohio?
The Gini coefficient in Hocking County is 0.524. 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 Hocking County, Ohio?
Since 2009, the income gap between men and women in Hocking County, Ohio has narrowed from about 26% to 25% in 2023. In dollar terms, the gap has widened by $3,836 since 2009.