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 | Pleasants County | West Virginia Avg | US Average |
|---|---|---|---|
| Median Household Income | $62,287 | $57,886 | $78,145 |
| Median Personal Income | $46,487 | $52,671 | $61,726 |
| Average income growth | 4.8% | 4.4% | 5.1% |
| Six-Figure Earners | 8.0% | 7.5% | 13.2% |
The median household income in Pleasants County is about 8% higher than in West Virginia. Income has been growing faster in Pleasants County (4.8%/yr) than in West Virginia (4.4%/yr).
About 8% of adults in Pleasants 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 Pleasants County, West Virginia grew by 55.3% from 2009 to 2023, reaching $62,287 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Pleasants County | Gender Pay Gap | Gini Coefficient
| Metric | Pleasants County | West Virginia Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.603 | 0.560 | 0.570 |
| Male Median Income | $48,583 | $59,493 | $67,746 |
| Female Median Income | $41,735 | $45,763 | $54,793 |
| Gender Pay Gap | 14.1% | 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 Pleasants County, it is 0.603, higher than West Virginia's 0.560, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 16% more than women's income in Pleasants County, West Virginia. Over a 35-year career, a 16% wage gap accumulates to roughly $239,680 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Pleasants County, West Virginia has narrowed from about 51% to 14% in 2023. In dollar terms, the gap has narrowed by $19,323 since 2009.
Employment
| Metric | Pleasants County | West Virginia Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.6% | 5.7% | 5.2% |
| Working from Home | 10.4% | 8.0% | 13.4% |
| Commute time (minutes) | 28 | 21 | 22 |
Approximately 226 people are unemployed in Pleasants County, West Virginia.
The average commute time in Pleasants County is 28 minutes, longer than the 21 minutes in West Virginia.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Pleasants County, West Virginia has fallen from 14.0% to 6.6% in 2023.
Conclusion
Considering all these factors, Pleasants County, West Virginia has an overall wealth index grade of D, making it somewhat better than West Virginia, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Pleasants County, West Virginia.
How Rich Is Pleasants County, West Virginia?
Pleasants 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 $62,287, about 8% higher than the West Virginia average of $57,886.
What is the current median household income in Pleasants County, West Virginia?
As of 2023, the median household income in Pleasants County, West Virginia is $62,287.
What was the median household income in Pleasants County in 2023?
In 2023, the median household income in Pleasants County, West Virginia was $62,287.
What was the median household income in Pleasants County in 2020?
In 2020, the median household income in Pleasants County, West Virginia was $55,905.
What is the Gini coefficient in Pleasants County, West Virginia?
The Gini coefficient in Pleasants County is 0.603. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Pleasants County, West Virginia?
Since 2009, the income gap between men and women in Pleasants County, West Virginia has narrowed from about 51% to 14% in 2023. In dollar terms, the gap has narrowed by $19,323 since 2009.