Floyd County, Indiana

Income Data

+14% vs. Indiana average
$78,179
Median Household Income
$40,196
Per Capita Income

At a Glance

Median Household Income
$78,179
+14% vs. state avg
Per Capita Income
$40,196
+2% vs. national
Income-to-Housing Ratio
33.3%
income as % of home value
Rank in Indiana
#17 / 92
by median household income

How Floyd County Compares

Floyd County$78,179
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$78,179
Median Household Income
$40,196
Per Capita Income
$235,100
Median Home Value
33.3%
Income-to-Housing Ratio

Data Story

About Household Income in Floyd County, Indiana

Floyd County income exceeds national median

Floyd County households earn $78,179 annually, nearly $3,500 more than the national median of $74,755, placing it in the upper-middle income tier nationally. This above-average performance signals a relatively prosperous local economy.

Among Indiana's highest-earning counties

Floyd County's median household income of $78,179 significantly exceeds Indiana's state average of $68,681 by over 13%, ranking it in the top tier of the state's counties. This strong performance reflects robust local employment and wage structures.

Second-highest income among measured peers

Floyd County ($78,179) trails only Franklin County ($79,702) and substantially outearns all other measured counties, including Dubois ($71,918), DeKalb ($70,080), and Elkhart ($65,617). Floyd anchors the most prosperous tier in the region.

Housing remains very affordable for Floyd

With a rent-to-income ratio of just 15.2%, Floyd residents spend approximately $995 monthly on housing costs—comfortably within affordability standards. The median home value of $235,100 is well-supported by the county's strong median income.

Floyd households can build substantial wealth

Above-average incomes and favorable housing ratios position Floyd residents to fund diverse investments: 401(k)s, IRAs, taxable brokerage accounts, and real estate. Engaging a fee-only financial planner can help optimize long-term wealth accumulation strategies.

Frequently Asked Questions

What is the median household income in Floyd County, Indiana?
The median household income in Floyd County, Indiana is $78,179, 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 Floyd County?
The per capita income in Floyd County is $40,196, 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 $78,179.
How does Floyd County compare to the Indiana average?
Floyd County's median household income of $78,179 is higher than the Indiana state average of $68,681. The per capita income is $40,196, compared to the state average of $34,773.
What is the per capita income in Floyd County, Indiana?
The per capita income in Floyd County, Indiana is $40,196, 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 Floyd County income higher than the Indiana average?
Floyd County's median household income of $78,179 is higher than the Indiana average of $68,681. This difference of $9,498 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 Floyd County rank for income in Indiana?
Floyd County ranks #17 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $78,179 and per capita income of $40,196, it falls in the top third of counties statewide.

Income Comparison Calculator

See how your household income compares in Floyd County

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Your income is above the Floyd County median

County median: $78,179 per year

vs. County Median

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vs. State Average

+14%

vs. National Median

+5%

vs. Floyd County MedianAbout equal
vs. Indiana Average14% above
vs. National Median5% above

Income Adequacy

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Your monthly income ($6,515) vs. median rent ($990/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.