Wealth Index
Among the 5 least wealthy 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 | Pike County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,476 | $69,785 | $78,145 |
| Median Personal Income | $50,829 | $59,599 | $61,726 |
| Average income growth | 2.8% | 4.7% | 5.1% |
| Six-Figure Earners | 7.0% | 10.5% | 13.2% |
The median household income in Pike County is about 29% lower than in Ohio. Income has been growing slower in Pike County (2.8%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Pike 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 Pike County, Ohio grew by 39.6% from 2009 to 2023, reaching $49,476 in 2023. That's an average of about 2.8% per year.
Economic Inequality in Pike County | Gender Pay Gap | Gini Coefficient
| Metric | Pike County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.543 | 0.570 |
| Male Median Income | $60,322 | $65,552 | $67,746 |
| Female Median Income | $44,358 | $52,370 | $54,793 |
| Gender Pay Gap | 26.5% | 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 Pike County, it is 0.561, higher than Ohio's 0.543, so income is less 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 36% more than women's income in Pike County, Ohio. Over a 35-year career, a 36% wage gap accumulates to roughly $558,740 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pike County, Ohio has narrowed from about 29% to 26% in 2023. In dollar terms, the gap has widened by $4,806 since 2009.
Employment
| Metric | Pike County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 4.8% | 5.2% |
| Working from Home | 6.4% | 11.5% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 585 people are unemployed in Pike County, Ohio.
The average commute time in Pike County is 22 minutes, longer than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pike County, Ohio has fallen from 19.3% to 5.4% in 2023.
Conclusion
Considering all these factors, Pike 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 Pike County, Ohio.
How Rich Is Pike County, Ohio?
Pike 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 $49,476, about 29% lower than the Ohio average of $69,785.
What is the current median household income in Pike County, Ohio?
As of 2023, the median household income in Pike County, Ohio is $49,476.
What was the median household income in Pike County in 2023?
In 2023, the median household income in Pike County, Ohio was $49,476.
What was the median household income in Pike County in 2020?
In 2020, the median household income in Pike County, Ohio was $44,313.
What is the Gini coefficient in Pike County, Ohio?
The Gini coefficient in Pike County is 0.561. 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 Pike County, Ohio?
Since 2009, the income gap between men and women in Pike County, Ohio has narrowed from about 29% to 26% in 2023. In dollar terms, the gap has widened by $4,806 since 2009.