Wealth Index
Wealthier than 91% 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 | Ohio County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $57,323 | $57,886 | $78,145 |
| Median Personal Income | $56,378 | $52,671 | $61,726 |
| Average income growth | 4.5% | 4.4% | 5.1% |
| Six-Figure Earners | 9.4% | 7.5% | 13.2% |
The median household income in Ohio County is about 1% lower than in West Virginia. Income has been growing faster in Ohio County (4.5%/yr) than in West Virginia (4.4%/yr).
About 9% of adults in Ohio County earn six figures ($100,000 or more) a year, higher than the West Virginia average of 7%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Ohio County, West Virginia grew by 51.4% from 2009 to 2023, reaching $57,323 in 2023. That's an average of about 4.5% per year.
Economic Inequality in Ohio County | Gender Pay Gap | Gini Coefficient
| Metric | Ohio County | West Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.561 | 0.560 | 0.570 |
| Male Median Income | $59,864 | $59,493 | $67,746 |
| Female Median Income | $49,973 | $45,763 | $54,793 |
| Gender Pay Gap | 16.5% | 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 Ohio County, it is 0.561, about the same as West Virginia's 0.560, 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 20% more than women's income in Ohio County, West Virginia. Over a 35-year career, a 20% wage gap accumulates to roughly $346,185 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Ohio County, West Virginia has narrowed from about 33% to 17% in 2023. In dollar terms, the gap has narrowed by $4,272 since 2009.
Employment
| Metric | Ohio County | West Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.8% | 5.7% | 5.2% |
| Working from Home | 6.8% | 8.0% | 13.4% |
| Commute time (minutes) | 17 | 21 | 22 |
Approximately 1,134 people are unemployed in Ohio County, West Virginia.
The average commute time in Ohio County is 17 minutes, shorter than the 21 minutes in West Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ohio County, West Virginia has fallen from 6.0% to 5.8% in 2023.
Conclusion
Considering all these factors, Ohio 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 Ohio County, West Virginia.
How Wealthy Is Ohio County, West Virginia?
Ohio 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 $57,323, about 1% lower than the West Virginia average of $57,886.
What is the current median household income in Ohio County, West Virginia?
As of 2023, the median household income in Ohio County, West Virginia is $57,323.
What was the median household income in Ohio County in 2023?
In 2023, the median household income in Ohio County, West Virginia was $57,323.
What was the median household income in Ohio County in 2020?
In 2020, the median household income in Ohio County, West Virginia was $48,344.
What is the Gini coefficient in Ohio County, West Virginia?
The Gini coefficient in Ohio County is 0.561. 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 Ohio County, West Virginia?
Since 2009, the income gap between men and women in Ohio County, West Virginia has narrowed from about 33% to 17% in 2023. In dollar terms, the gap has narrowed by $4,272 since 2009.