Coram, New York Income Statistics
Coram 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.
-
B
Coram Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $103,827 | $86,556 | $80,455 |
| Median Personal Income | $74,414 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.1% | 4.5% | 4.8% |
| Six-Figure Earners | 18.0% | 16.7% | 13.9% |
| $200k+ Households | 16.7% | 17.1% | 13.2% |
The median household income in Coram is about 20% higher than in New York. Income has been growing slower in Coram (3.1%/yr) than in New York (4.5%/yr).
About 18% of adults in Coram earn six figures ($100,000 or more) a year, higher than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Coram, New York grew by 30.0% from 2009 to 2024, reaching $103,827 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Coram
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.515 | 0.557 | 0.552 |
| Male Median Income | $83,141 | $77,531 | $69,667 |
| Female Median Income | $71,623 | $67,892 | $56,850 |
| Gender Pay Gap | 13.9% | 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 Coram, it is 0.515, 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 16% more than women's income in Coram, New York. Over a 35-year career, a 16% wage gap accumulates to roughly $403,130 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Coram, New York has narrowed from about 25% to 14% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 9% in 2021. In dollar terms, the gap has narrowed by $3,647 since 2009.
Employment
| Metric | Coram | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.6% | 6.4% | 5.2% |
| Working from Home | 8.5% | 15.0% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 1,013 people are unemployed in Coram, New York.
The average commute time in Coram is 30 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Coram, New York has fallen from 6.0% to 4.6% in 2024. Over that period the rate peaked at 7.4% in 2014 and fell as low as 2.8% in 2020.
Coram, NY Wealth Compared With Nearby Cities
How Coram, NY compares with the 1 cities closest to it.
| 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. |
|---|---|---|---|---|---|
| Coram, NY | 39,542 | $103,827 #2/2 | 3.1%/yr #2/2 | 4.6% #2/2 | 0.515 #1/2 |
| Selden, NY | 21,223 | $110,316 | 3.4%/yr | 4.1% | 0.536 |
Conclusion
Considering all these factors, Coram, 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 Coram, New York.
How Rich Is Coram, New York?
Coram 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 $103,827, about 20% higher than the New York average of $86,556.
Are incomes growing in Coram, New York?
Between 2009 and 2024, the median household income in Coram, New York rose 30%, from $79,884 to $103,827. Over the same years, income here lagged behind New York as a whole: +30% against +56%.
What was the median household income in Coram in 2023?
In 2023, the median household income in Coram, New York was $106,753, up 10% from $96,796 in 2022. The New York median that year was $85,199.
What was the median household income in Coram in 2020?
In 2020, the median household income in Coram, New York was $89,410. By 2024 it had risen 16% to $103,827.
Is unemployment high in Coram, New York?
Unemployment in Coram, New York is only 4.6%, 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 Coram, New York?
The Gini coefficient in Coram is 0.515. 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 Coram, New York?
Since 2009, the income gap between men and women in Coram, New York has narrowed from about 25% to 14% in 2024. Over that period the gap was widest at 29% in 2010, and was narrowest at 9% in 2021. In dollar terms, the gap has narrowed by $3,647 since 2009.
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