Wealth Index
Less wealthy than 87% 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 | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $59,391 | $69,785 | $78,145 |
| Median Personal Income | $50,144 | $59,599 | $61,726 |
| Average income growth | 5.2% | 4.7% | 5.1% |
| Six-Figure Earners | 7.2% | 10.5% | 13.2% |
The median household income in Monroe County is about 15% lower than in Ohio. Income has been growing faster in Monroe County (5.2%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Monroe 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 Monroe County, Ohio grew by 71.5% from 2009 to 2023, reaching $59,391 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Monroe County | Gender Pay Gap | Gini Coefficient
| Metric | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.565 | 0.543 | 0.570 |
| Male Median Income | $63,054 | $65,552 | $67,746 |
| Female Median Income | $41,190 | $52,370 | $54,793 |
| Gender Pay Gap | 34.7% | 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 Monroe County, it is 0.565, higher than Ohio's 0.543, so income is less evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 53% more than women's income in Monroe County, Ohio. Over a 35-year career, a 53% wage gap accumulates to roughly $765,240 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Monroe County, Ohio has widened from about 34% to 35% in 2023. In dollar terms, the gap has widened by $8,572 since 2009.
Employment
| Metric | Monroe County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 4.8% | 5.2% |
| Working from Home | 4.9% | 11.5% | 13.4% |
| Commute time (minutes) | 27 | 21 | 22 |
Approximately 347 people are unemployed in Monroe County, Ohio.
The average commute time in Monroe County is 27 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Monroe County, Ohio has fallen from 6.1% to 6.0% in 2023.
Conclusion
Considering all these factors, Monroe County, Ohio has an overall wealth index grade of D, making it somewhat worse than Ohio, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Monroe County, Ohio.
How Rich Is Monroe County, Ohio?
Monroe County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $59,391, about 15% lower than the Ohio average of $69,785.
What is the current median household income in Monroe County, Ohio?
As of 2023, the median household income in Monroe County, Ohio is $59,391.
What was the median household income in Monroe County in 2023?
In 2023, the median household income in Monroe County, Ohio was $59,391.
What was the median household income in Monroe County in 2020?
In 2020, the median household income in Monroe County, Ohio was $46,288.
What is the Gini coefficient in Monroe County, Ohio?
The Gini coefficient in Monroe County is 0.565. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Monroe County, Ohio?
Since 2009, the income gap between men and women in Monroe County, Ohio has widened from about 34% to 35% in 2023. In dollar terms, the gap has widened by $8,572 since 2009.