How much money do you earn compared to others in Indiana, Brazil and Clay County? According to the Cinergy PSI Economic Development Network Report 44.4 percent of households in Brazil have an income of less than $30,000 a year. The county has 36.1 percent of households making less than $30,000 a year.
The average wage per job in the United States is $36,167; in Indiana it is $31,975 or 11.6 percent below the national average.
Clay County falls short of the national and states averages. Clay County is one of 13 counties that is more than 25 percent below the average. More than 25 percent of individuals in Brazil and Clay County makes less than $23,981 according to the Economic Bureau of Analysis. The per capita income for Clay County is $16,364. More than 8 percent of the population and 6.4 percent of families are below the poverty line.
Fifty-five percent of Brazil residents are employed and 59.3 percent of Clay County are employed. The numbers seem low but the numbers comprise all individuals and there is a large percentage that is not a part of the labor force. The unemployment rate is at 3 percent for the city and county and 4.9 percent for the state.
A projection made by the Cenergy PSI report shows that the population of Brazil and Clay County will be decreasing. In 2003, Brazil had a population of 9,832 and in 2008 populationis expected to drop to 9,585. The county has 26,268 and in 2008 a projected 25,830 people, according to the Cinergy report.