Boone County, IN Income

The inflation-adjusted median household income in Boone County was $102,517, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$102,517
Median household income
0.5074
Gini coefficient
** (N/A)
Highest median income age group
$824,459
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Gender

In Boone County, the population consists of 34,715 males (49.71%) and 35,124 females (50.29%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Boone County, the median income for all workers aged 15 years and older, regardless of work hours, was $64,574 for males and $38,253 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,658 for males and $61,299 for females.
  • In Boone County, the median income for all workers aged 15 years and older, regardless of work hours, was $64,574 for males and $38,253 for females.
  • In Boone County, among full-time, year-round workers aged 15 years and older, males earned a median income of $84,658, while females earned $61,299, leading to a 28% gender pay gap among full-time workers. This illustrates that women earn 72 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Line chart showing the annual median income trends in Boone County, IN for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Boone County, IN gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Boone County, IN income by gender ➔

Race

In Boone County, the population is predominantly White, constituting 90.60% 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 $100,642.
  • In Boone County, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $207,696. This reveals that, while Whites may be the most numerous in Boone County, Asian households experience greater economic prosperity in terms of median household income.
  • In Boone County, there was no reported median household income for White households in 2012. However, in 2022, the median household income increased to $100,642, marking a significant change.
  • Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2012 and 2022.
The bar chart shows Boone County, IN median household income across all racial categories identified by the U.S. Census Bureau.
Boone County, IN median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Boone County, IN median household income by race ➔

Year by year

Boone County, IN median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Boone County increased by $9,964 (10.77%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
  • The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 5,963 (from $95,390 to $101,353). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 3,266 (from $92,553 to $89,287).
  • It then further increased to $173,220 for 7-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.5074, it is evident that income distribution in Boone County, IN exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $120,283. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $58,479.
The line chart shows Boone County, IN median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Boone County, IN median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Boone County, IN median household income ➔

References

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Boone County, IN Demographics

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Median household income of places that contain Boone County (in 2022 dollars)
Median household income of adjacent counties (in 2022 dollars)
Median household income of popular cities (in 2022 dollars)
Insights for Boone County, by topic

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