Thursday, December 11, 2014

2013 Income Measures for Herkimer County Municipalities

With the release of the 2013 American Community Survey Five Year Estimates by the Census Bureau, data on commonly sought fields like income measures become more readily available. The data, which is collected over a five year period from 2009 to 2013, is available for small geographies, including municipalities and census designated places.

The table below shows three income measures for Herkimer County and its municipalities. They include: median household income (MHI); median family income (MFI); and the per capita income (PCI). Note that some of the data is shaded on the table. Because the data comes with margins of error, it is possible to assess whether the MHI, MFI and PCI figures are significantly different for each municipality compared to the County as a whole.

Green shaded cells mean that the figure is significantly higher than the county number. Pink shaded figures show that the data is significantly below the county medians, etc. Remember, the determination as to whether the value is significantly different is based on the margins of error, NOT on whether the median income measure is simply above or below the corresponding county figure.

One last note: town data is shown minus any villages contained within their boundaries. This provides more insight into the incomes of those choosing to live in more rural settings without the amenities that typically might come with village life. It also makes it easier to compare the incomes of those that live somewhere like the town of Stark, which contains no villages, with those that live in the town of Newport, which has three villages within its borders.

Herkimer County Income Measures (2013)