Wealth Index
Wealthier than 90% 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 | Mercer County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,971 | $69,785 | $78,145 |
| Median Personal Income | $56,381 | $59,599 | $61,726 |
| Average income growth | 5.2% | 4.7% | 5.1% |
| Six-Figure Earners | 6.3% | 10.5% | 13.2% |
The median household income in Mercer County is about 13% higher than in Ohio. Income has been growing faster in Mercer County (5.2%/yr) than in Ohio (4.7%/yr).
About 6% of adults in Mercer 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 Mercer County, Ohio grew by 56.3% from 2009 to 2023, reaching $78,971 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Mercer County | Gender Pay Gap | Gini Coefficient
| Metric | Mercer County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.460 | 0.543 | 0.570 |
| Male Median Income | $63,702 | $65,552 | $67,746 |
| Female Median Income | $47,825 | $52,370 | $54,793 |
| Gender Pay Gap | 24.9% | 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 Mercer County, it is 0.460, 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 33% more than women's income in Mercer County, Ohio. Over a 35-year career, a 33% wage gap accumulates to roughly $555,695 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Mercer County, Ohio has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $5,398 since 2009.
Employment
| Metric | Mercer County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 1.8% | 4.8% | 5.2% |
| Working from Home | 3.7% | 11.5% | 13.4% |
| Commute time (minutes) | 16 | 21 | 22 |
Approximately 396 people are unemployed in Mercer County, Ohio.
The average commute time in Mercer County is 16 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mercer County, Ohio has fallen from 6.7% to 1.8% in 2023.
Conclusion
Considering all these factors, Mercer 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 Mercer County, Ohio.
How Rich Is Mercer County, Ohio?
Mercer 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 $78,971, about 13% higher than the Ohio average of $69,785.
What is the current median household income in Mercer County, Ohio?
As of 2023, the median household income in Mercer County, Ohio is $78,971.
What was the median household income in Mercer County in 2023?
In 2023, the median household income in Mercer County, Ohio was $78,971.
What was the median household income in Mercer County in 2020?
In 2020, the median household income in Mercer County, Ohio was $65,769.
What is the Gini coefficient in Mercer County, Ohio?
The Gini coefficient in Mercer County is 0.460. 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 Mercer County, Ohio?
The income gap between men and women in Mercer County, Ohio has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $5,398 since 2009.