Wealth Index
Wealthier than 94% 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 | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $82,379 | $69,785 | $78,145 |
| Median Personal Income | $61,028 | $59,599 | $61,726 |
| Average income growth | 4.6% | 4.7% | 5.1% |
| Six-Figure Earners | 10.5% | 10.5% | 13.2% |
The median household income in Putnam County is about 18% higher than in Ohio. Income has been growing slower in Putnam County (4.6%/yr) than in Ohio (4.7%/yr).
About 10% of adults in Putnam County earn six figures ($100,000 or more) a year, about the same as the Ohio average of 11%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Putnam County, Ohio grew by 49.2% from 2009 to 2023, reaching $82,379 in 2023. That's an average of about 4.6% per year.
Economic Inequality in Putnam County | Gender Pay Gap | Gini Coefficient
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.482 | 0.543 | 0.570 |
| Male Median Income | $69,472 | $65,552 | $67,746 |
| Female Median Income | $51,964 | $52,370 | $54,793 |
| Gender Pay Gap | 25.2% | 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 Putnam County, it is 0.482, 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 Putnam County, Ohio. Over a 35-year career, a 34% wage gap accumulates to roughly $612,780 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Putnam County, Ohio has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $6,232 since 2009.
Employment
| Metric | Putnam County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.1% | 4.8% | 5.2% |
| Working from Home | 5.7% | 11.5% | 13.4% |
| Commute time (minutes) | 20 | 21 | 22 |
Approximately 373 people are unemployed in Putnam County, Ohio.
The average commute time in Putnam County is 20 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Putnam County, Ohio has fallen from 5.2% to 2.1% in 2023.
Conclusion
Considering all these factors, Putnam 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 Putnam County, Ohio.
How Rich Is Putnam County, Ohio?
Putnam 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 $82,379, about 18% higher than the Ohio average of $69,785.
What is the current median household income in Putnam County, Ohio?
As of 2023, the median household income in Putnam County, Ohio is $82,379.
What was the median household income in Putnam County in 2023?
In 2023, the median household income in Putnam County, Ohio was $82,379.
What was the median household income in Putnam County in 2020?
In 2020, the median household income in Putnam County, Ohio was $68,455.
What is the Gini coefficient in Putnam County, Ohio?
The Gini coefficient in Putnam County is 0.482. 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 Putnam County, Ohio?
The income gap between men and women in Putnam County, Ohio has stayed about the same since 2009, at around 25%. In dollar terms, the gap has widened by $6,232 since 2009.