Wealth Index
Wealthier than 85% of counties in West Virginia
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 | Marion County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,929 | $57,886 | $78,145 |
| Median Personal Income | $53,705 | $52,671 | $61,726 |
| Average income growth | 5.5% | 4.4% | 5.1% |
| Six-Figure Earners | 7.8% | 7.5% | 13.2% |
The median household income in Marion County is about 16% higher than in West Virginia. Income has been growing faster in Marion County (5.5%/yr) than in West Virginia (4.4%/yr).
About 8% of adults in Marion County earn six figures ($100,000 or more) a year, about the same as the West Virginia average of 7%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Marion County, West Virginia grew by 90.1% from 2009 to 2023, reaching $66,929 in 2023. That's an average of about 5.5% per year.
Economic Inequality in Marion County | Gender Pay Gap | Gini Coefficient
| Metric | Marion County | West Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.547 | 0.560 | 0.570 |
| Male Median Income | $62,996 | $59,493 | $67,746 |
| Female Median Income | $45,446 | $45,763 | $54,793 |
| Gender Pay Gap | 27.9% | 23.1% | 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 Marion County, it is 0.547, lower than West Virginia's 0.560, 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 39% more than women's income in Marion County, West Virginia. Over a 35-year career, a 39% wage gap accumulates to roughly $614,250 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Marion County, West Virginia has narrowed from about 31% to 28% in 2023. In dollar terms, the gap has widened by $4,981 since 2009.
Employment
| Metric | Marion County | West Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.3% | 5.7% | 5.2% |
| Working from Home | 9.3% | 8.0% | 13.4% |
| Commute time (minutes) | 22 | 21 | 22 |
Approximately 1,448 people are unemployed in Marion County, West Virginia.
The average commute time in Marion County is 22 minutes, longer than the 21 minutes in West Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Marion County, West Virginia has risen from 4.9% to 5.3% in 2023.
Conclusion
Considering all these factors, Marion County, West Virginia has an overall wealth index grade of C, making it somewhat better than West Virginia, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Marion County, West Virginia.
How Rich Is Marion County, West Virginia?
Marion 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 $66,929, about 16% higher than the West Virginia average of $57,886.
What is the current median household income in Marion County, West Virginia?
As of 2023, the median household income in Marion County, West Virginia is $66,929.
What was the median household income in Marion County in 2023?
In 2023, the median household income in Marion County, West Virginia was $66,929.
What was the median household income in Marion County in 2020?
In 2020, the median household income in Marion County, West Virginia was $53,776.
What is the Gini coefficient in Marion County, West Virginia?
The Gini coefficient in Marion County is 0.547. 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 Marion County, West Virginia?
Since 2009, the income gap between men and women in Marion County, West Virginia has narrowed from about 31% to 28% in 2023. In dollar terms, the gap has widened by $4,981 since 2009.