Bay Shore, New York Income Statistics
Bay Shore Wealth Score
The wealth index reflects the overall economic prosperity and financial well-being of an area's residents based on income levels, employment rates, and income inequality metrics.
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B
Bay Shore Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $105,025 | $86,556 | $80,455 |
| Median Personal Income | $64,581 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.5% | 4.8% |
| Six-Figure Earners | 16.3% | 16.7% | 13.9% |
| $200k+ Households | 18.5% | 17.1% | 13.2% |
The median household income in Bay Shore is about 21% higher than in New York. Income has been growing faster in Bay Shore (5.4%/yr) than in New York (4.5%/yr).
About 16% of adults in Bay Shore earn six figures ($100,000 or more) a year, about the same as the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Bay Shore, New York grew by 48.4% from 2009 to 2024, reaching $105,025 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Bay Shore
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.543 | 0.557 | 0.552 |
| Male Median Income | $71,838 | $77,531 | $69,667 |
| Female Median Income | $62,620 | $67,892 | $56,850 |
| Gender Pay Gap | 12.8% | 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 Bay Shore, it is 0.543, lower than New York's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 15% more than women's income in Bay Shore, New York. Over a 35-year career, a 15% wage gap accumulates to roughly $322,630 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bay Shore, New York has narrowed from about 14% to 13% in 2024. Over that period the gap was widest at 26% in 2020, and was narrowest at 8% in 2015. In dollar terms, the gap has widened by $2,207 since 2009.
Employment
| Metric | Bay Shore | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 6.4% | 5.2% |
| Working from Home | 9.9% | 15.0% | 15.0% |
| Commute time (minutes) | 21 | 28 | 22 |
Approximately 760 people are unemployed in Bay Shore, New York.
The average commute time in Bay Shore is 21 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bay Shore, New York has fallen from 9.6% to 4.8% in 2024. Over that period the rate peaked at 11.0% in 2012 and fell as low as 3.5% in 2022.
Conclusion
Considering all these factors, Bay Shore, New York has an overall wealth index grade of B, making it somewhat better than New York, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bay Shore, New York.
How Rich Is Bay Shore, New York?
Bay Shore has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $105,025, about 21% higher than the New York average of $86,556.
How has median household income changed in Bay Shore, New York?
Between 2009 and 2024, the median household income in Bay Shore, New York rose 48%, from $70,765 to $105,025. Over the same years, income here lagged behind New York as a whole: +48% against +56%.
What was the median household income in Bay Shore in 2023?
In 2023, the median household income in Bay Shore, New York was $102,228, down 1% from $103,135 in 2022. The New York median that year was $85,199.
What was the median household income in Bay Shore in 2020?
In 2020, the median household income in Bay Shore, New York was $90,398. By 2024 it had risen 16% to $105,025.
Is unemployment high in Bay Shore, New York?
Unemployment in Bay Shore, New York is only 4.8%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Bay Shore, New York?
The Gini coefficient in Bay Shore is 0.543. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bay Shore, New York?
Since 2009, the income gap between men and women in Bay Shore, New York has narrowed from about 14% to 13% in 2024. Over that period the gap was widest at 26% in 2020, and was narrowest at 8% in 2015. In dollar terms, the gap has widened by $2,207 since 2009.
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