Allegany County, New York Income Statistics
Allegany County Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
-
D
Allegany County Well below averageAmong the 3 least wealthy counties in New York
Source: Map AI Methodology
Income Statistics Overview
| Metric | Allegany County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,166 | $86,556 | $80,455 |
| Median Personal Income | $49,491 | $70,316 | $60,758 |
| Average Yearly Income Growth | 4.6% | 4.5% | 4.8% |
| Six-Figure Earners | 5.4% | 16.7% | 13.9% |
| $200k+ Households | 4.3% | 17.1% | 13.2% |
The median household income in Allegany County is about 27% lower than in New York. Income has been growing faster in Allegany County (4.6%/yr) than in New York (4.5%/yr).
About 5% of adults in Allegany County earn six figures ($100,000 or more) a year, lower than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Allegany County, New York grew by 54.6% from 2009 to 2024, reaching $63,166 in 2024. That's an average of about 4.6% per year.
Income Inequality and the Gender Pay Gap in Allegany County
| Metric | Allegany County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.556 | 0.557 | 0.552 |
| Male Median Income | $58,652 | $77,531 | $69,667 |
| Female Median Income | $45,494 | $67,892 | $56,850 |
| Gender Pay Gap | 22.4% | 12.4% | 18.4% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Allegany County, it is 0.556, about the same as New York's 0.557, so income here is about as evenly distributed as there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 29% more than women's income in Allegany County, New York. Over a 35-year career, a 29% wage gap accumulates to roughly $460,530 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Allegany County, New York has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 25% in 2013, and was narrowest at 20% in 2023. In dollar terms, the gap has widened by $4,235 since 2009.
Employment
| Metric | Allegany County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.1% | 6.4% | 5.2% |
| Working from Home | 8.8% | 15.0% | 15.0% |
| Commute time (minutes) | 18 | 28 | 22 |
Approximately 1,492 people are unemployed in Allegany County, New York.
The average commute time in Allegany County is 18 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Allegany County, New York has fallen from 8.6% to 7.1% in 2024. Over that period the rate peaked at 9.7% in 2014 and fell as low as 4.9% in 2019.
Allegany County, NY Wealth Compared With Nearby Counties
Allegany County, NY is the 4th largest of the 6 counties compared here, 47,155 residents against a local median of 61,495. Where Allegany County, NY breaks from the counties next to it is unemployment, sitting 43% above the local median of 5.0% at 7.1%. That is the weaker end of the local range on this measure.
The counties themselves spread 2.3% on unemployment, so Allegany County, NY sits at one end of an already wide local range rather than apart from it. Allegany County, NY has the 6th lowest unemployment of the 6 areas compared here.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Allegany County, NY | 47,155 | $63,166 #4/6 | 4.6%/yr #2/6 | 7.1% #6/6 | 0.556 #6/6 |
| Wyoming County, NY | 39,775 | $69,185 | 3.2%/yr | 3.6% | 0.525 |
| Potter County, PA | 16,191 | $59,453 | 4.8%/yr | 3.8% | 0.504 |
| Livingston County, NY | 61,495 | $73,724 | 4.2%/yr | 5.2% | 0.534 |
| Steuben County, NY | 92,584 | $66,900 | 4.0%/yr | 6.0% | 0.522 |
| Cattaraugus County, NY | 76,141 | $59,550 | 3.9%/yr | 5.0% | 0.519 |
Conclusion
Considering all these factors, Allegany County, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Allegany County, New York.
How Wealthy Is Allegany County, New York?
Allegany County has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $63,166, about 27% lower than the New York average of $86,556.
Are incomes growing in Allegany County, New York?
Between 2009 and 2024, the median household income in Allegany County, New York rose 55%, from $40,870 to $63,166. Over the same years, income here lagged behind New York as a whole: +55% against +56%.
What was the median household income in Allegany County in 2023?
In 2023, the median household income in Allegany County, New York was $61,332, up 4% from $58,816 in 2022. The New York median that year was $85,199.
What was the median household income in Allegany County in 2020?
In 2020, the median household income in Allegany County, New York was $51,694. By 2024 it had risen 22% to $63,166.
What is the Gini coefficient in Allegany County, New York?
The Gini coefficient in Allegany County is 0.556. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Allegany County, New York?
Since 2009, the income gap between men and women in Allegany County, New York has narrowed from about 23% to 22% in 2024. Over that period the gap was widest at 25% in 2013, and was narrowest at 20% in 2023. In dollar terms, the gap has widened by $4,235 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →