Wealth Index
Wealthier than 76% 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 | Wyandot County | Ohio Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,411 | $69,785 | $78,145 |
| Median Personal Income | $51,634 | $59,599 | $61,726 |
| Average income growth | 5.0% | 4.7% | 5.1% |
| Six-Figure Earners | 6.5% | 10.5% | 13.2% |
The median household income in Wyandot County is about 5% higher than in Ohio. Income has been growing faster in Wyandot County (5.0%/yr) than in Ohio (4.7%/yr).
About 7% of adults in Wyandot 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 Wyandot County, Ohio grew by 55.4% from 2009 to 2023, reaching $73,411 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Wyandot County | Gender Pay Gap | Gini Coefficient
| Metric | Wyandot County | Ohio Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.468 | 0.543 | 0.570 |
| Male Median Income | $59,662 | $65,552 | $67,746 |
| Female Median Income | $44,334 | $52,370 | $54,793 |
| Gender Pay Gap | 25.7% | 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 Wyandot County, it is 0.468, 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 35% more than women's income in Wyandot County, Ohio. Over a 35-year career, a 35% wage gap accumulates to roughly $536,480 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wyandot County, Ohio has widened from about 24% to 26% in 2023. In dollar terms, the gap has widened by $5,684 since 2009.
Employment
| Metric | Wyandot County | Ohio Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.5% | 4.8% | 5.2% |
| Working from Home | 4.2% | 11.5% | 13.4% |
| Commute time (minutes) | 18 | 21 | 22 |
Approximately 278 people are unemployed in Wyandot County, Ohio.
The average commute time in Wyandot County is 18 minutes, shorter than the 21 minutes in Ohio.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wyandot County, Ohio has fallen from 8.2% to 2.5% in 2023.
Conclusion
Considering all these factors, Wyandot 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 Wyandot County, Ohio.
How Rich Is Wyandot County, Ohio?
Wyandot 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 $73,411, about 5% higher than the Ohio average of $69,785.
What is the current median household income in Wyandot County, Ohio?
As of 2023, the median household income in Wyandot County, Ohio is $73,411.
What was the median household income in Wyandot County in 2023?
In 2023, the median household income in Wyandot County, Ohio was $73,411.
What was the median household income in Wyandot County in 2020?
In 2020, the median household income in Wyandot County, Ohio was $60,128.
What is the Gini coefficient in Wyandot County, Ohio?
The Gini coefficient in Wyandot County is 0.468. 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 Wyandot County, Ohio?
Since 2009, the income gap between men and women in Wyandot County, Ohio has widened from about 24% to 26% in 2023. In dollar terms, the gap has widened by $5,684 since 2009.