Showing posts with label Per Capita Income. Show all posts
Showing posts with label Per Capita Income. Show all posts

Monday, December 28, 2015

Municipal Level Income Comparisons in Herkimer County: 2014 Versus 2009 Five Year Estimates

The three primary ways that the Census Bureau measures income is by median household income, median family income, and per capita income. Median household income is basically the "middle income value" of all households in a given municipality. Households include anyone sharing a housing unit and living together regardless of their relationships. Median family incomes are the "middle income value" of all families, meaning related people living in a household. Measuring income on a per capita basis is taking income and dividing it by the total number of people living in a municipality, regardless of age.

Below is a chart showing the 2014 and the inflation-adjusted 2009 income measures for households, families and per capita within each municipality in Herkimer County.

Please note that NONE of the municipalities show any SIGNIFICANT changes from 2009 when it comes to any of the income measures. Any differences in income (whether large or small, positive or negative) between 2009 and 2014 are within the margins of error for the data.

CLICK TO ENLARGE

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)


Wednesday, April 17, 2013

Regional Income and Poverty Measures By Municipality

The American Communities Survey (ACS) provides more timely updates to data for planning and grant purposes than the decennial census releases of the past. The ACS, which is released in three different formats annually (one year, three year, and five year estimates, depending on the size of the area you are looking at), includes data on income and poverty measures. Below are tables for Herkimer and Oneida Counties which contain three standard income measures ( median household, median family, and per capita income), as well as several poverty measures (overall persons, persons under age 5, persons under age 18, and persons age 65 or older in poverty. These come from the 2011 Five Year ACS Estimates. Click on either table to see it in a larger format.

Click For Herkimer County Data

Click For Oneida County Data