Henry County, Indiana

Income Data

-12% vs. Indiana average
$60,144
Median Household Income
$31,084
Per Capita Income

At a Glance

Median Household Income
$60,144
-12% vs. state avg
Per Capita Income
$31,084
-21% vs. national
Income-to-Housing Ratio
42.9%
income as % of home value
Rank in Indiana
#74 / 92
by median household income

How Henry County Compares

Henry County$60,144
Indiana Average$68,681
National Median$74,755

Detailed Income Statistics

$60,144
Median Household Income
$31,084
Per Capita Income
$140,200
Median Home Value
42.9%
Income-to-Housing Ratio

Data Story

About Household Income in Henry County, Indiana

Henry County lags national income

Henry County's median household income of $60,144 trails the U.S. median of $74,755 by nearly $15,000, placing it below the national average. This gap means households here earn roughly 20% less than their national counterparts, affecting purchasing power and long-term wealth building.

Below average among Indiana counties

At $60,144, Henry County ranks below Indiana's state median of $68,681, putting it in the lower half of the state's 92 counties. The county's per capita income of $31,084 also trails the state average of $34,773, suggesting limited earning potential per person.

Neighbors earn more on average

Neighboring Huntington County ($62,734) and Howard County ($62,496) both outpace Henry County's $60,144 median. Jackson County to the south earns even more at $70,208, indicating stronger economic activity in surrounding areas.

Housing costs manageable but tight

Henry County's rent-to-income ratio of 16.1% falls within the affordable threshold, meaning renters spend a reasonable share of income on housing. However, with a median home value of $140,200 and lower incomes, first-time homebuyers face real constraints.

Build financial resilience here

Henry County households earning $60,144 should prioritize emergency savings and low-cost index fund investing to grow wealth over time. Starting early with even modest contributions compounds significantly—a $100 monthly investment at 7% annual returns grows to over $100,000 in 30 years.

Frequently Asked Questions

What is the median household income in Henry County, Indiana?
The median household income in Henry County, Indiana is $60,144, 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 Henry County?
The per capita income in Henry County is $31,084, 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 $60,144.
How does Henry County compare to the Indiana average?
Henry County's median household income of $60,144 is lower than the Indiana state average of $68,681. The per capita income is $31,084, compared to the state average of $34,773.
What is the per capita income in Henry County, Indiana?
The per capita income in Henry County, Indiana is $31,084, 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 Henry County a low-income area in Indiana?
Henry County's median household income of $60,144 is below the Indiana average of $68,681. The per capita income of $31,084 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 Henry County rank for income in Indiana?
Henry County ranks #74 out of 92 counties in Indiana by median household income (1 = highest). With a median household income of $60,144 and per capita income of $31,084, it falls in the bottom third of counties statewide.

Income Comparison Calculator

See how your household income compares in Henry County

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Your income is above the Henry County median

County median: $60,144 per year

vs. County Median

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vs. State Average

-12%

vs. National Median

-20%

vs. Henry County MedianAbout equal
vs. Indiana Average12% below
vs. National Median20% below

Income Adequacy

Monthly income covers median rent6.2x

Your monthly income ($5,012) vs. median rent ($807/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.