Median Household Income, by Race/Ethnicity
What does this measure?
Median household income, in 2015 dollars. 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, African American ($43,700) and Hispanic ($35,600) households earned less than the median household income in Essex County ($68,900), while white ($74,300) and Asian households ($85,100) earned more. This was a decline in income for all groups except for Asian households since 2000.
The state had a similar distribution in 2010-14, as Hispanic ($34,900) and African American ($42,900) households made less than the median income of $68,000. The disparity was smaller nationwide, however African American ($35,600) and Hispanic ($42,400) households still earned below the national median of $53,500.
How do we compare to similar counties?
Essex County's disparities were similar to the comparison counties. Essex County had lower median incomes for every group than the comparison counties, with the exception of African Americans in Lake, IL.
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.