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 Ulster County and the financial resources of households.
How is Ulster County performing?
The median household income in Ulster County was $58,600 in 2010-14, lower than the regional and state (excluding NYC) medians but higher than the national median. After adjusting for inflation, the median income fell $1,900 in Ulster from 2000 through 2010-14, the smallest decrease among Mid-Hudson Valley counties and substantially smaller than the statewide ($4,900) and national ($6,200) over the same period. Ulster saw its median income rise by $3,000 from 2000 to 2005-09, before falling by almost $5,000 to its current level.
Among local municipalities in Ulster, the highest median incomes in 2010-14 were in Gardiner ($80,700), Shawangunk ($86,500), and Esopus ($67,000). The lowest median incomes in the same period were in the Village of New Paltz ($38,800) and Hardenburgh ($37,500).
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.