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 | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $68,245 | $69,785 | $78,145 |
| Median Personal Income | $54,703 | $59,599 | $61,726 |
| Average income growth | 5.2% | 4.7% | 5.1% |
| Six-Figure Earners | 7.0% | 10.5% | 13.2% |
The median household income in Paulding County is about 2% lower than in Ohio. Income has been growing faster in Paulding County (5.2%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Paulding 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 Paulding County, Ohio grew by 49.3% from 2009 to 2023, reaching $68,245 in 2023. That's an average of about 5.2% per year.
Economic Inequality in Paulding County | Gender Pay Gap | Gini Coefficient
| Metric | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.519 | 0.543 | 0.570 |
| Male Median Income | $61,251 | $65,552 | $67,746 |
| Female Median Income | $47,193 | $52,370 | $54,793 |
| Gender Pay Gap | 23.0% | 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 Paulding County, it is 0.519, 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 30% more than women's income in Paulding County, Ohio. Over a 35-year career, a 30% wage gap accumulates to roughly $492,030 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Paulding County, Ohio has narrowed from about 27% to 23% in 2023. In dollar terms, the gap has widened by $3,666 since 2009.
Employment
| Metric | Paulding County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.9% | 4.8% | 5.2% |
| Working from Home | 3.8% | 11.5% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 363 people are unemployed in Paulding County, Ohio.
The average commute time in Paulding County is 22 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Paulding County, Ohio has fallen from 9.7% to 3.9% in 2023.
Conclusion
Considering all these factors, Paulding 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 Paulding County, Ohio.
How Rich Is Paulding County, Ohio?
Paulding 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 $68,245, about 2% lower than the Ohio average of $69,785.
What is the current median household income in Paulding County, Ohio?
As of 2023, the median household income in Paulding County, Ohio is $68,245.
What was the median household income in Paulding County in 2023?
In 2023, the median household income in Paulding County, Ohio was $68,245.
What was the median household income in Paulding County in 2020?
In 2020, the median household income in Paulding County, Ohio was $56,806.
What is the Gini coefficient in Paulding County, Ohio?
The Gini coefficient in Paulding County is 0.519. 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 Paulding County, Ohio?
Since 2009, the income gap between men and women in Paulding County, Ohio has narrowed from about 27% to 23% in 2023. In dollar terms, the gap has widened by $3,666 since 2009.