Median Household Income, by Race/Ethnicity
What does this measure?
Median household income, inflated to 2014 dollars, broken down by race/ethnicity. 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 the region and the financial resources of households.
How is the region performing?
In 2010-14, Asian residents of the Mid-Hudson Valley had the highest median income, at $90,500, followed by white ($70,600), Hispanic ($56,100), and African American ($51,800) residents. For each group, the regional median income was higher than the statewide (excluding NYC), with the largest gap coming among African American residents ($10,500) and Asian residents ($4,000). The general pattern of discrepancies between racial and ethnic groups was the same on the regional, statewide, and national level.
Among communities with statistically reliable results, median income among white residents ranged from $25,900 in Kiryas Joel to $122,000 in the village of Woodbury. The populations in most other local areas, when broken down by race and ethnicity, were too small to yield reliable survey results.
Notes about the data
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). For some small areas, Census did not have enough data to report results at all and N/A is shown in the data table. 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.