Boone County, Indiana

Income Data

+53% vs. Indiana average
$104,865
Median Household Income
$58,340
Per Capita Income

At a Glance

Median Household Income
$104,865
+53% vs. state avg
Per Capita Income
$58,340
+48% vs. national
Income-to-Housing Ratio
30.7%
income as % of home value
Rank in Indiana
#2 / 92
by median household income

How Boone County Compares

Boone County$104,865
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$104,865
Median Household Income
$58,340
Per Capita Income
$341,800
Median Home Value
30.7%
Income-to-Housing Ratio

Data Story

About Household Income in Boone County, Indiana

Boone far exceeds national income

Boone County's median household income of $104,865 towers 40% above the national median of $74,755. The county ranks in the top 10–15% of American counties by household earning power.

Indiana's wealthiest county

At $104,865, Boone County's median household income crushes Indiana's state average of $68,681 by 53%. The county is Indiana's clear income leader, reflecting its proximity to Indianapolis's professional job market.

Boone vastly outpaces region

Boone County's $104,865 income dwarfs all regional peers: Bartholomew ($80,365), Brown ($72,644), Allen ($68,839), and Carroll ($64,003). No other county in the region comes close to Boone's earning power.

Wealth builds naturally here

Boone County's rent-to-income ratio of 14.7% is the state's lowest, and the $104,865 median household income far exceeds the median home value of $341,800. Families enjoy substantial discretionary income after housing and essentials.

Aggressive wealth strategies thrive

Boone County residents can pursue multiple wealth-building strategies simultaneously: maxing retirement contributions, real estate investment, stock diversification, and education savings. This exceptional income provides the foundation for generational wealth creation.

Frequently Asked Questions

What is the median household income in Boone County, Indiana?
The median household income in Boone County, Indiana is $104,865, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. This represents the midpoint of all household incomes in the county.
How much do people earn in Boone County?
The per capita income in Boone County is $58,340, which represents the average income per person across the entire county population. The median household income — which accounts for all earners in a household — is $104,865.
How does Boone County compare to the Indiana average?
Boone County's median household income of $104,865 is higher than the Indiana state average of $68,681. The per capita income is $58,340, compared to the state average of $34,773.
What is the per capita income in Boone County, Indiana?
The per capita income in Boone County, Indiana is $58,340, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates. Per capita income is calculated by dividing total personal income by total population, providing an average income figure per resident.
Why is Boone County income higher than the Indiana average?
Boone County's median household income of $104,865 is higher than the Indiana average of $68,681. This difference of $36,184 can be attributed to factors such as local industry mix, proximity to major employment centers, educational attainment levels, and cost of living. Counties with higher incomes often have a greater concentration of professional and technical occupations.
How does Boone County rank for income in Indiana?
Boone County ranks #2 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $104,865 and per capita income of $58,340, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Boone County

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Your income is above the Boone County median

County median: $104,865 per year

vs. County Median

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vs. State Average

+53%

vs. National Median

+40%

vs. Boone County MedianAbout equal
vs. Indiana Average53% above
vs. National Median40% above

Income Adequacy

Monthly income covers median rent6.8x

Your monthly income ($8,739) vs. median rent ($1,283/mo). A ratio of 3.3x or higher means rent is under 30% of income.

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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.