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 | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Median Household Income | $69,284 | $80,923 | $78,145 |
| Median Personal Income | $56,523 | $64,122 | $61,726 |
| Average income growth | 6.3% | 6.0% | 5.1% |
| Six-Figure Earners | 9.6% | 13.4% | 13.2% |
The median household income in Lane County is about 14% lower than in Oregon. Income has been growing faster in Lane County (6.3%/yr) than in Oregon (6.0%/yr).
About 10% of adults in Lane County earn six figures ($100,000 or more) a year, lower than the Oregon average of 13%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Lane County, Oregon grew by 62.4% from 2009 to 2023, reaching $69,284 in 2023. That's an average of about 6.3% per year.
Economic Inequality in Lane County | Gender Pay Gap | Gini Coefficient
| Metric | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.551 | 0.554 | 0.570 |
| Male Median Income | $60,341 | $69,794 | $67,746 |
| Female Median Income | $51,882 | $57,832 | $54,793 |
| Gender Pay Gap | 14.0% | 17.1% | 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 Lane County, it is 0.551, about the same as Oregon's 0.554, so income here is about as evenly distributed as there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 16% more than women's income in Lane County, Oregon. Over a 35-year career, a 16% wage gap accumulates to roughly $296,065 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lane County, Oregon has narrowed from about 24% to 14% in 2023. In dollar terms, the gap has narrowed by $2,302 since 2009.
Employment
| Metric | Lane County | Oregon Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.8% | 5.4% | 5.2% |
| Working from Home | 13.9% | 17.0% | 13.4% |
| Commute time (minutes) | 17 | 20 | 22 |
Approximately 13,238 people are unemployed in Lane County, Oregon.
The average commute time in Lane County is 17 minutes, shorter than the 20 minutes in Oregon.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lane County, Oregon has fallen from 10.4% to 6.8% in 2023.
Conclusion
Considering all these factors, Lane County, Oregon has an overall wealth index grade of C, making it about on par with Oregon, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Lane County, Oregon.
How Rich Is Lane County, Oregon?
Lane 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 $69,284, about 14% lower than the Oregon average of $80,923.
What is the current median household income in Lane County, Oregon?
As of 2023, the median household income in Lane County, Oregon is $69,284.
What was the median household income in Lane County in 2023?
In 2023, the median household income in Lane County, Oregon was $69,284.
What was the median household income in Lane County in 2020?
In 2020, the median household income in Lane County, Oregon was $55,445.
What is the Gini coefficient in Lane County, Oregon?
The Gini coefficient in Lane County is 0.551. 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 Lane County, Oregon?
Since 2009, the income gap between men and women in Lane County, Oregon has narrowed from about 24% to 14% in 2023. In dollar terms, the gap has narrowed by $2,302 since 2009.