Median Household Income
What does this measure?
Median household income, inflated to 2014 dollars. Half of incomes are below the median and half are above.
Why is this important?
Median household income is a gauge of overall economic health of Orange County and the financial resources of households.
How is Orange County performing?
The median household income in Orange County was $70,800 in 2010-14, higher than the median incomes for the region, the state (excluding NYC), and the nation. The median income in Orange County was lower than in Dutchess ($72,500) and higher than in Ulster ($58,600). From 2000 through 2010-14, income fell $3,200 in Orange when adjusted for inflation, the greatest decline for the region but below the $4,900 decline in the state and $6,200 decline in the nation. Median income rose by $2,500 from 2000 to 2005-09 and fell by almost $6,000 from 2005-09 to 2010-14.
Among local municipalities of Orange County, the highest incomes were found in Woodbury Town and Village ($120,000 and $124,400 respectively), while the lowest incomes were found in the cities of Port Jervis ($38,400) and Newburgh ($33,100), and village of Kiryas Joel ($25,800).
Notes about the data
Figures for the region were calculated by aggregating county medians based on each county's share of the region's population. Data are presented in 2014 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are expected to be released in the fourth quarter.