Median Household Income, by Household Type
What does this measure?
Median household income, in 2015 dollars, broken down by type of household. Half of incomes are below the median and half are above.
Why is this important?
Median household income is a gauge of the overall economic health of the region and the financial resources of households.
How is our county doing?
In 2010-14, median incomes were lowest among households with children headed by single females, at $28,000, followed by similar households headed by males, $44,000. Married couple households without children had a median income of $97,000, while married couples with children had the highest median income at $115,000. These figures represent declines since 2000 in median income for all groups, except for married couples with children, whose inflation-adjusted median income rose 4%.
Essex County's incomes were very similar to the states across household types. Compared to the nation, Essex County had higher median incomes across household types, but the difference was greater for married couple households, about 30% higher, than for singles households, about 15% higher.
How do we compare to similar counties?
In Essex County, the median household income for single females with children were the lowest, compared to $30,000 in Lake, IL, $34,000 in Middlesex, MA and $37,000 in Westchester, NY. Essex County also had the lowest median among the comparable counties for married couples without children.
Notes about the data
Figures are in constant 2015 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined 5 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 3 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 released annually in December.