Mount Vernon, NY Income

The inflation-adjusted median household income in Mount Vernon was $73,826, based on U.S. Census Bureau ACS estimates.
Neilsberg Research Avatar
Updated Dec 15, 2023
Overview
$73,826
Median household income
0.5102
Gini coefficient
** (N/A)
Highest median income age group
$483,456
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

TABLE OF CONTENTS

Gender

In Mount Vernon, the population consists of 32,229 males (44.24%) and 40,626 females (55.76%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Mount Vernon, the median income for all workers aged 15 years and older, regardless of work hours, was $42,381 for males and $40,531 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,205 for males and $60,519 for females.
  • In Mount Vernon, the median income for all workers aged 15 years and older, regardless of work hours, was $42,381 for males and $40,531 for females.
  • In Mount Vernon, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,205, while females earned $60,519
Line chart showing the annual median income trends in Mount Vernon, NY for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Mount Vernon, NY gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Mount Vernon, NY income by gender ➔

Race

In Mount Vernon, the population is predominantly Black or African American, constituting 61.53% of the total residents. Here are the key highlights from the analysis of income distribution by race:

  • The median household income for Black or African American households is $61,372.
  • In Mount Vernon, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $250,001. This reveals that, while Black or African Americans may be the most numerous in Mount Vernon, Asian households experience greater economic prosperity in terms of median household income.
  • In Mount Vernon, the median household income for the households where the householder is White increased by $5,700(8.91%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $63,969 in 2012 and $69,669 in 2022.
  • In Mount Vernon, the median household income for the households where the householder is Black or African American increased by $8,245(15.52%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $53,127 in 2012 and $61,372 in 2022.
The bar chart shows Mount Vernon, NY median household income across all racial categories identified by the U.S. Census Bureau.
Mount Vernon, NY median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Mount Vernon, NY median household income by race ➔

Year by year

Mount Vernon, NY median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Mount Vernon increased by $6,548 (9.73%), as per the American Community Survey estimates.
  • Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
  • The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 6,641 (from $67,185 to $73,826). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,754 (from $67,278 to $64,524).
  • It then further increased to $250,001 for 7-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.5102, it is evident that income distribution in Mount Vernon, NY exihibits characterstics of moderate inequality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $88,665. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $45,232.
The line chart shows Mount Vernon, NY median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Mount Vernon, NY median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Mount Vernon, NY median household income ➔

References

Explore related topics

Mount Vernon, NY Demographics

Explore more

Median household income of places that contain Mount Vernon (in 2022 dollars)
Insights for Mount Vernon, by topic

About the author

Neilsberg Research Avatar
Neilsberg Research
Neilsberg Research team are data scientists with expertise in processing, analysis and visualization of big data helping small businesses make right decisions.

Share

This article is for informational purposes only and is not intended to be legal or tax advice. We recommend that you consult with a qualified professional such as a lawyer or accountant before making a decision. Many of the products and services featured here are from our affiliate partners. We may receive commissions on purchases made from our chosen links. Read advertiser disclosure.