Indiana has seen the 40th largest increase in median income since the Great Recession in 2008 and has the 16th lowest median income in the country, a new study found.
SafeHome.org, a review site on home and personal security products, crunched U.S. Census Bureau data for its "American Workers Earnings By State" study that found Indiana ranked 35th nationally with a median income of $35,730, ahead of only Nevada, Montana, Tennessee, Kentucky, Oklahoma, Florida, Idaho, New Mexico, South Carolina, Alabama, South Dakota, Louisiana, West Virginia, Arkansas and Mississippi. Median income has only risen by 0.7% in the Hoosier state since 2008.
Median income growth also has been slow across the country since the financial crisis just over a decade ago.
"Despite a general sense that the American economy has rebounded, the national median annual wage has grown by just 2% since 2008 from $37,896 to $38,640," SafeHome.org said in a press release.
The study found the median annual wage nationally among all occupations breaks down to about $18 an hour. About one in five Americans earns between $35,000 and $50,000 a year, but the amount of income varies widely by state.
In Indiana, 18.4% of residents make $24,999 or less, 18.2% make between $25,000 and $34,999, 22.6% make between $35,000 and $49,999, and 16.2% make between $50,000 and $64,999.
An estimated 6.3% make between $65,000 and $74,999, 8.8% make between $75,000 and $99,999, and 9.5% make more than $100,000.
Neighboring Illinois ranked No. 17 in overall median income at $39,950, and had the 12th highest top wage of $101,170 for the 90th percentile of earners.
An estimated 15.5% of Illinois residents take home an income of more than $100,000 a year.