Madison County Income Charts

This section shows the Madison County Ohio economy using the most recent economic analysis from the 2022 Census Bureau. Starting with Figure 1 which shows the median earnings per worker, Madison County depicts it has a Median earnings of $52,807 which is in the mid range of other counties in the local area. The county with the highest median earnings per worker in the area is Union County which shows a median earnings of $64,470 (22.1% larger). Comparing median earnings per worker to the United States average of $53,269, Madison County is about the same size. Also, benchmarked against the state of Ohio, median earnings per worker of $51,482, Madison County is only about 2.6% larger.

In Figure 2 a more complete view of income is shown which aggregates income from all members in the household and it has a Median household income of $72,811 which is the second most median income of all the counties in the greater Madison County region. The county with the highest median household income in the area is Union County which depicts a median income of $96,634 (32.7% larger). Comparing median household income to the United States average of $69,021, Madison County is only about 5.5% larger. Also, measured against the state of Ohio, median household income of $61,938, Madison County is 17.6% larger.

The next section examines a variety of different income statistics for the Madison County metropolitan area. In Figure 3 we see that it has the smallest proportion of earnings less than $10,000 at 4.3% of the total. Dividing median annual worker earnings by the average number of hours worked in a year in Figure 4 shows that it has a Avg Hrly Earnings of $26.11 which is the third most of all other counties in the area. The county with the highest average hourly earnings in the area is Union County which shows an average hourly earnings of $31.47 (20.5% larger). Comparing average hourly earnings to the United States average of $26.40, Madison County is about the same size. Also, benchmarked against the state of Ohio, average hourly earnings of $25.78, Madison County is only slightly larger.

Figure 5 examines the number of self employed people in the Madison County metro area based on the number of people who reported any self employment income. Madison County shows it has a Self Employed of 13.0% which is the second most people self employed of all the counties in the greater Madison County region. The county with the highest percentage of people self employed in the area is Union County which shows a percentage self employed of 13.2% ( only slightly larger).

Figure 6 breaks down the source of income and Madison County has the largest proportion of income from wages at 5.8% of the total and is ranked #1.

The next chart (Figure 7) shows the percentage of households that had retirement income over the last 12 months and it has a With Retirement Income of 28.5% which is the third most of all other counties in the area. The county with the highest households with retirement income in the area is Clark County which shows a households with retirement income of 29.5% (only about 3.6% larger).

The percentage of full-time workers are compared to the number of part-time workers in Figure 8. Madison County depicts full time employees approximately 3.9 times bigger as the part time employees.

Similar to the last chart is Figure 9 which shows the number of people who are self employed but in more detailed industry categories such as manufacturing, retail sales, residential real estate, commercial real estate, health care, exports/imports, and advanced industries, etc. Madison County depicts it has the hightest entrepreneurs of 25% for the self employed in professional, scientific, management, administrative services aggregate.

Figure 10 shows the cost of living and other consumer spending categories for a variety of cost components from the Bureau of Labor Statistics. Madison County depicts it has the hightest cost of 107.7 for the cost of healthcare aggregate.

Madison County Poverty Charts

In Figure 11 the percentage of people earning less than the poverty level is shown and compared across the group of places. Madison County depicts it has a Percent of Population In Poverty of 10.2% which is the second smallest as measured by percent of people earning less than the poverty level of all the other counties in the metro area. The county with the highest percent of people earning less than the poverty level in the area is Fayette County which depicts a percent of people in poverty of 16.1% (58.4% larger). Additionally, Figure 12 looks at the percentage of people who receive some form of public assistance including general assistance, temporary assistance or food stamps (i.e. SNAP.) Madison County depicts it has a Public Assistance Percent of 11.4% which is less than most other counties in the greater region. The county with the highest households with public assistance in the area is Clark County which shows a households with public assistance of 18.9% (65.4% larger).

Madison County Labor Force Charts

The table in Figure 13, shows Madison County employment data in terms of job categories and salary data.

The next two charts look at monthly trended employment related performance using data estimated by economists at the Bureau of Labor Statistics (BLS). The BLS tracks unemployment statistics for a large number of areas throughout the country on a month to month basis. However, not every location in the U.S. is tracked by the BLS so the chart will only show the closest location available (which may be the same location.) Figure 14 shows the monthly unemployment rate for the area as well as a comparison to the overall national economy measure for the United States. Note that in March to April 2022, the Covid 19 recession occurred and affects this metric. The monthly unemployment rate shows that from February 2017 to before the Coronavirus Pandemic it went from 4.5% to 3.1% in December 2019. This represents a decrease in the monthly unemployment rate of 31.1%. Since that time, the monthly unemployment rate has gone to 3.1%. This represents an increase in the monthly unemployment rate of very little.

Madison County Jobs Charts

In the jobs section of economic activity charts in Figure 15 shows the average annual earnings for very high level job industry categories for full time and year round employed.

Figure 16 shows the average median earnings for different categories of jobs.

Madison County Work Commute Charts

Figure 19 is provided for comparison purposes to the previous chart. It shows how people get to work overall on average in the United States.

The average commute time is shown in Figure 21. Madison County depicts it has a Avg Commute Time of 25 which is less than most other counties in the local area.