Wealth Index
Least wealthy county in New York
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.
Income Statistics Overview
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $49,041 | $85,191 | $78,145 |
| Median Personal Income | $51,380 | $70,822 | $61,726 |
| Average income growth | 4.8% | 4.9% | 5.1% |
| Six-Figure Earners | 6.2% | 16.1% | 13.2% |
The median household income in Bronx County is about 42% lower than in New York. Income has been growing slower in Bronx County (4.8%/yr) than in New York (4.9%/yr).
About 6% of adults in Bronx County earn six figures ($100,000 or more) a year, lower than the New York average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bronx County, New York grew by 44.6% from 2009 to 2023, reaching $49,041 in 2023. That's an average of about 4.8% per year.
Economic Inequality in Bronx County | Gender Pay Gap | Gini Coefficient
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.600 | 0.576 | 0.570 |
| Male Median Income | $51,928 | $75,380 | $67,746 |
| Female Median Income | $50,772 | $65,850 | $54,793 |
| Gender Pay Gap | 2.2% | 12.6% | 19.1% |
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 Bronx County, it is 0.600, higher than New York's 0.576, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 2% more than women's income in Bronx County, New York. Over a 35-year career, a 2% wage gap accumulates to roughly $40,460 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bronx County, New York has narrowed from about 3% to 2% in 2023. In dollar terms, the gap has narrowed by $26 since 2009.
Employment
| Metric | Bronx County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 11.1% | 6.2% | 5.2% |
| Working from Home | 7.9% | 13.4% | 13.4% |
| Commute time (minutes) | 45 | 28 | 22 |
Approximately 71,883 people are unemployed in Bronx County, New York.
The average commute time in Bronx County is 45 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bronx County, New York has fallen from 13.0% to 11.1% in 2023.
Conclusion
Considering all these factors, Bronx County, New York has an overall wealth index grade of F, making it worse than New York, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bronx County, New York.
How Rich Is Bronx County, New York?
Bronx County has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $49,041, about 42% lower than the New York average of $85,191.
What is the current median household income in Bronx County, New York?
As of 2023, the median household income in Bronx County, New York is $49,041.
What was the median household income in Bronx County in 2023?
In 2023, the median household income in Bronx County, New York was $49,041.
What was the median household income in Bronx County in 2020?
In 2020, the median household income in Bronx County, New York was $42,138.
What is the Gini coefficient in Bronx County, New York?
The Gini coefficient in Bronx County is 0.600. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Bronx County, New York?
Since 2009, the income gap between men and women in Bronx County, New York has narrowed from about 3% to 2% in 2023. In dollar terms, the gap has narrowed by $26 since 2009.