Carroll County, Indiana
Income Data
At a Glance
How Carroll County Compares
Detailed Income Statistics
Data Story
About Household Income in Carroll County, Indiana
Carroll below national income
Carroll County's median household income of $64,003 falls about $10,750 short of the national median of $74,755. The county ranks in the lower-middle tier of American counties by household earning power.
Below Indiana's state average
At $64,003, Carroll County's median household income trails Indiana's state average of $68,681 by roughly 7%. The county ranks in the lower third of Indiana's 92 counties by household earnings.
Carroll among moderate peers
Carroll County's $64,003 income sits between Adams ($63,128) and Benton ($61,811), forming a struggling rural corridor. Stronger economies like Allen ($68,839) and Bartholomew ($80,365) offer sharply different prospects.
Tight housing and living costs
Carroll County's rent-to-income ratio of 16.4% is slightly elevated, and the $64,003 median income requires careful budgeting. Families must prioritize essential expenses to maintain financial stability.
Disciplined saving builds security
Carroll County residents should focus on automatic savings deductions and employer 401(k) plans to build wealth gradually. Free financial literacy programs and credit union services offer low-cost tools for modest but steady financial growth.
Frequently Asked Questions
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Income Comparison Calculator
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Your income is above the Carroll County median
County median: $64,003 per year
vs. County Median
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vs. State Average
-7%
vs. National Median
-14%
Income Adequacy
Your monthly income ($5,334) vs. median rent ($874/mo). A ratio of 3.3x or higher means rent is under 30% of income.
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Compare RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.