Elmont, New York Income Statistics
Elmont 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
Elmont Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Elmont | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,908 | $86,556 | $80,455 |
| Median Personal Income | $61,509 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.2% | 4.5% | 4.8% |
| Six-Figure Earners | 13.8% | 16.7% | 13.9% |
| $200k+ Households | 25.8% | 17.1% | 13.2% |
The median household income in Elmont is about 37% higher than in New York. Income has been growing slower in Elmont (3.2%/yr) than in New York (4.5%/yr).
About 14% of adults in Elmont 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 Elmont, New York grew by 56.0% from 2009 to 2024, reaching $118,908 in 2024. That's an average of about 3.2% per year.
Income Inequality and the Gender Pay Gap in Elmont
| Metric | Elmont | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.557 | 0.552 |
| Male Median Income | $65,479 | $77,531 | $69,667 |
| Female Median Income | $62,512 | $67,892 | $56,850 |
| Gender Pay Gap | 4.5% | 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 Elmont, it is 0.548, lower than New York's 0.557, so income is more evenly distributed here than 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 5% more than women's income in Elmont, New York. Over a 35-year career, a 5% wage gap accumulates to roughly $103,845 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Elmont, New York has narrowed from about 11% to 5% in 2024. Over that period the gap was widest at 11% in 2011, and was narrowest at 0% in 2020. In dollar terms, the gap has narrowed by $2,295 since 2009.
Employment
| Metric | Elmont | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.5% | 6.4% | 5.2% |
| Working from Home | 6.9% | 15.0% | 15.0% |
| Commute time (minutes) | 32 | 28 | 22 |
Approximately 1,357 people are unemployed in Elmont, New York.
The average commute time in Elmont is 32 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Elmont, New York has fallen from 7.4% to 6.5% in 2024. Over that period the rate peaked at 9.4% in 2013 and fell as low as 4.6% in 2018.
Conclusion
Considering all these factors, Elmont, 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 Elmont, New York.
How Wealthy Is Elmont, New York?
Elmont 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 $118,908, about 37% higher than the New York average of $86,556.
How fast is household income rising in Elmont, New York?
Between 2009 and 2024, the median household income in Elmont, New York rose 56%, from $76,223 to $118,908. Over the same years, income here kept pace with New York as a whole: +56% against +56%.
What was the median household income in Elmont in 2023?
In 2023, the median household income in Elmont, New York was $121,074, up 4% from $116,144 in 2022. The New York median that year was $85,199.
What was the median household income in Elmont in 2020?
In 2020, the median household income in Elmont, New York was $100,308. By 2024 it had risen 19% to $118,908.
What is the Gini coefficient in Elmont, New York?
The Gini coefficient in Elmont is 0.548. 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 Elmont, New York?
Since 2009, the income gap between men and women in Elmont, New York has narrowed from about 11% to 5% in 2024. Over that period the gap was widest at 11% in 2011, and was narrowest at 0% in 2020. In dollar terms, the gap has narrowed by $2,295 since 2009.
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