Wealth Index
Less wealthy than 76% of counties in Pennsylvania
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 | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,551 | $76,231 | $78,145 |
| Median Personal Income | $50,641 | $63,240 | $61,726 |
| Average income growth | 3.0% | 4.7% | 5.1% |
| Six-Figure Earners | 6.8% | 12.4% | 13.2% |
The median household income in Wayne County is about 18% lower than in Pennsylvania. Income has been growing slower in Wayne County (3.0%/yr) than in Pennsylvania (4.7%/yr).
About 7% of adults in Wayne County earn six figures ($100,000 or more) a year, lower than the Pennsylvania average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Wayne County, Pennsylvania grew by 41.2% from 2009 to 2023, reaching $62,551 in 2023. That's an average of about 3.0% per year.
Economic Inequality in Wayne County | Gender Pay Gap | Gini Coefficient
| Metric | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.550 | 0.550 | 0.570 |
| Male Median Income | $54,378 | $69,913 | $67,746 |
| Female Median Income | $44,506 | $55,807 | $54,793 |
| Gender Pay Gap | 18.2% | 20.2% | 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 Wayne County, it is 0.550, about the same as Pennsylvania's 0.550, 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 22% more than women's income in Wayne County, Pennsylvania. Over a 35-year career, a 22% wage gap accumulates to roughly $345,520 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Wayne County, Pennsylvania has narrowed from about 24% to 18% in 2023. In dollar terms, the gap has widened by $436 since 2009.
Employment
| Metric | Wayne County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.0% | 5.2% | 5.2% |
| Working from Home | 10.4% | 13.8% | 13.4% |
| Commute time (minutes) | 21 | 22 | 22 |
Approximately 1,336 people are unemployed in Wayne County, Pennsylvania.
The average commute time in Wayne County is 21 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Wayne County, Pennsylvania has fallen from 6.2% to 6.0% in 2023.
Conclusion
Considering all these factors, Wayne County, Pennsylvania has an overall wealth index grade of D, making it somewhat worse than Pennsylvania, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Wayne County, Pennsylvania.
How Rich Is Wayne County, Pennsylvania?
Wayne 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 $62,551, about 18% lower than the Pennsylvania average of $76,231.
What is the current median household income in Wayne County, Pennsylvania?
As of 2023, the median household income in Wayne County, Pennsylvania is $62,551.
What was the median household income in Wayne County in 2023?
In 2023, the median household income in Wayne County, Pennsylvania was $62,551.
What was the median household income in Wayne County in 2020?
In 2020, the median household income in Wayne County, Pennsylvania was $56,147.
What is the Gini coefficient in Wayne County, Pennsylvania?
The Gini coefficient in Wayne County is 0.550. 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 Wayne County, Pennsylvania?
Since 2009, the income gap between men and women in Wayne County, Pennsylvania has narrowed from about 24% to 18% in 2023. In dollar terms, the gap has widened by $436 since 2009.