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Economy, IN
Full City Profile · Indiana · Wayne County County
2.6
/5.0
C+
Fair
150
Population
1,667/sq mi density
$44,063
Median Income
$24,467 per capita
$50,000
Home Value
$251,715 Zillow
$708
Median Rent
17.5% income on rent
50°F
Avg Temperature
297 sunny days/yr
285
Violent Crime/100K
1,425 property/100K
C+
Overall
2.6 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.6 / 5.0
$44,063 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$50,000 home value, $708/mo rent
F
Safety
1.0 / 5.0
285 violent crimes/100K
D
Education
1.8 / 5.0
10.4% bachelor's degree or higher
Income Overview
Median Household Income
$44,063
41% below
US avg: $75,149
Per Capita Income
$24,467
37% below
US avg: $39,052
Unemployment Rate
3.0%
17% below
US avg: 3.6%
Poverty Rate
28.3%
128% above
US avg: 12.4%
Income Comparison: Economy vs. U.S. Average
Each bar shows Economy’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$44,063
59%
Per Capita
US: $39,052
$24,467
63%
IRS Avg AGI
US: $72,000
$56,764
79%
Avg Weekly Wage
US: $1,432
$982
69%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$982
31% below US avg ($1,432)
Mean Commute Time
33 min
20% above US avg (28 min)
Work From Home
1.8%
88% below US avg (15.2%)
Drive Alone
63.6%
13% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$3,815M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
63.6%
Public Transit
0%
Work From Home
1.8%
Other
34.6%
Average commute time
33 minutes
US avg: 28 min
Business Landscape
Total Establishments
1,496
Restaurants
143
Healthcare
193
Retail
250
Manufacturing
101
Tax & Financial
IRS Avg Adjusted Gross Income
$56,764
21% below US avg ($72,000)
Avg Property Tax
$3,084
12% below US avg ($3,500)
Cost of Living Index
93.3
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $44,063 |
| Per Capita Income | $24,467 |
| IRS Avg Adjusted Gross Income | $56,764 |
| Avg Weekly Wage | $982 |
| County GDP | $3,815M |
Hardship Indicators
| Unemployment Rate | 3.0% |
| Poverty Rate | 28.3% |
| Gini Coefficient | 0.448 |
| Cost of Living Index | 93.3 |
Commute
| Mean Commute | 33 minutes |
| Drive Alone | 63.6% |
| Public Transit | 0.0% |
| Work From Home | 1.8% |
Businesses
| Total Establishments | 1,496 |
| Restaurants | 143 |
| Healthcare | 193 |
| Retail | 250 |
| Manufacturing | 101 |
Tax
| IRS Avg AGI | $56,764 |
| Avg Property Tax | $3,084 |