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Jan 10, 2024 · In Pennsylvania, households led by individuals aged 45 to 64 years report the highest median household income of $88,589 according to the American Community Survey 2022 1-Year Estimates by the US Census Bureau. How does the median household income vary by age in Pennsylvania?
How does the median household income differ from the average household income? In contrast, the average (or mean) household income for a given area is calculated by dividing the total household income by the number of households in that region.
- Richest Zip Codes in Pennsylvania
- Richest Cities in Pennsylvania
- Median Household Income
- Average Household Income
- Household Income Tiers For Pennsylvania
- Per Capita Income
- Population in Pennsylvania by Race and Ethnicity
- Population of Pennsylvania by Age and Gender
- Education Levels
- Unemployment Rates
In the table below, we've ranked the richest zip codes in Pennsylvania based on the average (or mean) household income. To do this, we only look at zip codes that have a population of at least 500 people and a reasonable margin of error for the data. If the margin of error for the mean income is greater than 50% of the estimate, we don't use it. Th...
We can also find the same information for the richest cities in Pennsylvania. The table below ranks the top 10 cities in Pennsylvania by average household income by using the same criteria as we did with the zip codes. Scroll to view the entire table To view details demographics data for a specific city, click on the link in the table above. You ca...
According to the latest ACS 5-year survey in 2022, the median household income in Pennsylvania is $73,170.00. The chart below shows the average household income by age in Pennsylvania. 1. Under 25$40,108.00 2. 25 to 44$84,653.00 3. 45 to 64$89,726.00 4. 65 and over$51,201.00
A very commonly asked question is "what is the average household income in Pennsylvania?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households. The average (or mean) household income in Pennsylvania is $100,837.00. 10.16%...
We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households. The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these b...
The per capita income is the average income of all people in Pennsylvania. This is calculated by dividing the total income of all people in Pennsylvania by the total number of people in Pennsylvania. It differs from the average or mean household income because it includes all people in Pennsylvania and not just the people who earn an income (i.e. c...
The total population in Pennsylvania is currently 12,989,208 people. The race and ethnicity of the population in Pennsylvania can be very important for social research, economics, and marketing to a multi-culturial society. Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to im...
Another very important demographics statistic for Pennsylvania is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need. In the table below, we show age groups at a 10 ...
Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy. What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates. The chart...
The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Pennsylvania because it can show how many people are actively looking for work and how many people are unable to find a job. Lower levels of unemployment is generally seen a...
Jan 4, 2024 · In Pennsylvania, the median household income for the households where the householder is Black or African American increased by $6,765(17%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $39,799 in 2012 and $46,564 in 2022.
Dec 7, 2023 · The Census Bureau data finds that householders under 25 have a median household income of $37,901; householders aged 24 to 44 years old have a median income of $69,064; those aged 45 to 64 years old have a median income of $80,840; and those 65 and older have a median income of $52,934.
The average household income of Pennsylvania is currently $92,849.00. In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.
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Sep 19, 2016 · It is important to understand the difference between average (mean) income and median income. The average (mean) income is the sum of a set of numbers divided by the count of numbers in the data set. To determine the average, add up all the numbers in the data set and then divide by how many numbers there are in the data set.
