ST. JOHN’S, New York: Many American families now have annual incomes of above $100,000, thanks to a rise in median household income over the past decade.
By analyzing data from the United States Census Bureau, OLBG.com discovered that between 2012 and 2022, the average family income climbed by 38%, going from $69,662 to $102,310.
Households with incomes exceeding $200,000 have decreased the most in Lafayette, Indiana, while the number of those families has increased the most in Hemet, California, over the past decade.
There were no municipalities in New York State among the top ten for the percentage of families experiencing an annual income decline.
According to OLBG.com, the highest growth rate of high incomes over the past decade was in Elizabeth, New Jersey.
Which category best describes homes on Staten Island?
Data from around the state shows that New York City is the sixth-best metro area for residents to make over $200,000 per year.
New York City saw a 78% increase in the number of households with incomes over $200,000 between 2012 and 2022, with an increase of $183,329.
Cities in New York State that are among the top ten are as follows:
- First, in Schenectady, where there has been a surge of 1,290 households or a 1,287% rise.
- There have been 624 more households in Cheektowaga or a 359% increase.
- The population of Buffalo has grown by 3,370 households or 220%.
- The population of Albany has grown by 1,413 households or 19%.
- Fifth, 1,774 new homes in Rochester, a 147% increase
- New Rochelle, with its 5,023 new dwellings, has seen a population boom of 134%.
- Yonkers, New York, has seen a rise of 4,227 households, or 88%.
- New York City saw a 78% jump or 183,329 additional households.
- There was a 763-household gain in Syracuse, representing a 77% rise.
- 10, Mount Vernon: a gain of 1,069 households, or 60%