Age of householder
Per the latest American Community Survey by the Census Bureau, Ohio County sees its highest median household income among householders in the age group of 45 to 64 years old, at $87,197. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ohio County, the median household income stands at $87,197 for householders within the 45 to 64 years age group, followed by $79,215 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $36,306.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $4,493(5.43%), escalating from a median of $82,704 in 2011 to $87,197 in 2021.
- 69(2.71%) households where the householder is under 25 years old.
- 673(26.41%) households with a householder aged between 25 and 44 years.
- 991(38.89%) households with a householder aged between 45 and 64 years.
- 815(31.99%) households where the householder is over 65 years old.
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Gender
In Ohio County, the population consists of 2,938 males (49.54%) and 2,993 females (50.46%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ohio County, the median income for all workers aged 15 years and older, regardless of work hours, was $44,608 for males and $24,142 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,405 for males and $41,494 for females.
- In Ohio County, the median income for all workers aged 15 years and older, regardless of work hours, was $44,608 for males and $24,142 for females.
- In Ohio County, among full-time, year-round workers aged 15 years and older, males earned a median income of $65,405, while females earned $41,494, leading to a 37% gender pay gap among full-time workers. This illustrates that women earn 63 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Ohio County, the population is predominantly White, constituting 96.07% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $66,833.
- In Ohio County, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $78,791. This reveals that, while Whites may be the most numerous in Ohio County, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Ohio County, the median household income for the households where the householder is White increased by $1,424(2.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,409 in 2011 and $66,833 in 2021.
- In Ohio County, the median household income for Black or African American households was $89,896 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Ohio County, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ohio County decreased by $631 (0.92%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 6,413 (from $60,432 to $66,845). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 4,974 (from $63,560 to $58,586).
- It then further increased to $127,325 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4221, it is evident that income distribution in Ohio County, IN exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $84,090. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,878.
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