IncomeBy County

Carroll County, Indiana

Income Data

U.S. Census Bureau ACS
-7% vs. Indiana average
$64,003
Median Household Income
$34,366
Per Capita Income

At a Glance

Median Household Income
$64,003
-7% vs. state avg
Per Capita Income
$34,366
-13% vs. national
Income-to-Housing Ratio
38.2%
income as % of home value
Rank in Indiana
#57 / 92
by median household income

Economic Indicators

Unemployment Rate
N/A
Labor Force Participation
N/A

How Carroll County Compares

Carroll County$64,003
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$64,003
Median Household Income
$34,366
Per Capita Income
$167,700
Median Home Value
38.2%
Income-to-Housing Ratio

Income Advisory: Carroll County

Income Verdict

Carroll County has a median household income of $64,003 and per capita income of $34,366 — a gap of $29,637, suggesting a typical mix of dual-income and single-earner households.

Housing Affordability

With median gross rent at $874/month and a median household income of $64,003, rent consumes approximately 16.4% of monthly income — well within affordable thresholds.

Economic Context

With a median household income of $64,003, residents of Carroll County likely face budget constraints in higher-cost regions but may find cost of living manageable locally. Per capita income of $34,366 is in line with national norms for individual earners.

Neighbor Context

Carroll County earns approximately 6.8% below the Indiana state median household income of $68,681.

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

What is the median household income in Carroll County, Indiana?
The median household income in Carroll County, Indiana is $64,003, 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 Carroll County?
The per capita income in Carroll County is $34,366, 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 $64,003.
How does Carroll County compare to the Indiana average?
Carroll County's median household income of $64,003 is lower than the Indiana state average of $68,681. The per capita income is $34,366, compared to the state average of $34,773.
What is the per capita income in Carroll County, Indiana?
The per capita income in Carroll County, Indiana is $34,366, 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.
Is Carroll County a low-income area in Indiana?
Carroll County's median household income of $64,003 is below the Indiana average of $68,681. The per capita income of $34,366 is also lower than the state average of $34,773. Lower incomes can reflect the local economic base, rural vs. urban location, and employment opportunities available in the area.
How does Carroll County rank for income in Indiana?
Carroll County ranks #57 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $64,003 and per capita income of $34,366, it falls in the middle third of counties statewide.

Income Comparison Calculator

See how your household income compares in Carroll County

$
1.00x

Your income is above the Carroll County median

County median: $64,003 per year

vs. County Median

+0%

vs. State Average

-7%

vs. National Median

-14%

vs. Carroll County MedianAbout equal
vs. Indiana Average▼ 7% below
vs. National Median▼ 14% below

Income Adequacy

Monthly income covers median rent6.1x

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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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

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

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