Freeport, New York Income Statistics
Freeport 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
Freeport Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $118,701 | $86,556 | $80,455 |
| Median Personal Income | $66,993 | $70,316 | $60,758 |
| Average Yearly Income Growth | 6.7% | 4.5% | 4.8% |
| Six-Figure Earners | 16.0% | 16.7% | 13.9% |
| $200k+ Households | 21.8% | 17.1% | 13.2% |
The median household income in Freeport is about 37% higher than in New York. Income has been growing faster in Freeport (6.7%/yr) than in New York (4.5%/yr).
About 16% of adults in Freeport 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 Freeport, New York grew by 70.7% from 2009 to 2024, reaching $118,701 in 2024. That's an average of about 6.7% per year.
Income Inequality and the Gender Pay Gap in Freeport
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.534 | 0.557 | 0.552 |
| Male Median Income | $72,665 | $77,531 | $69,667 |
| Female Median Income | $67,030 | $67,892 | $56,850 |
| Gender Pay Gap | 7.8% | 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 Freeport, it is 0.534, 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 8% more than women's income in Freeport, New York. Over a 35-year career, a 8% wage gap accumulates to roughly $197,225 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Freeport, New York has narrowed from about 19% to 8% in 2024. Over that period the gap in 2014 women out-earned men by 8%. In dollar terms, the gap has narrowed by $3,742 since 2009.
Employment
| Metric | Freeport | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 6.4% | 6.4% | 5.2% |
| Working from Home | 10.2% | 15.0% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 1,612 people are unemployed in Freeport, New York.
The average commute time in Freeport is 30 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Freeport, New York has fallen from 9.3% to 6.4% in 2024. Over that period the rate peaked at 10.2% in 2013 and fell as low as 4.1% in 2019.
Freeport, NY Wealth Compared With Nearby Cities
How Freeport, NY compares with the 2 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. |
|---|---|---|---|---|---|
| Freeport, NY | 44,694 | $118,701 #3/3 | 6.7%/yr #1/3 | 6.4% #3/3 | 0.534 #3/3 |
| Baldwin, NY | 34,996 | $144,999 | 5.2%/yr | 4.3% | 0.518 |
| Merrick, NY | 21,138 | $181,390 | 3.8%/yr | 3.9% | 0.491 |
Conclusion
Considering all these factors, Freeport, 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 Freeport, New York.
How Rich Is Freeport, New York?
Freeport 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 $118,701, about 37% higher than the New York average of $86,556.
How has median household income changed in Freeport, New York?
Between 2009 and 2024, the median household income in Freeport, New York rose 71%, from $69,553 to $118,701. Over the same years, income here outpaced New York as a whole: +71% against +56%.
What was the median household income in Freeport in 2023?
In 2023, the median household income in Freeport, New York was $120,563, up 10% from $110,040 in 2022. The New York median that year was $85,199.
What was the median household income in Freeport in 2020?
In 2020, the median household income in Freeport, New York was $89,241. By 2024 it had risen 33% to $118,701.
What is the Gini coefficient in Freeport, New York?
The Gini coefficient in Freeport is 0.534. 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 Freeport, New York?
Since 2009, the income gap between men and women in Freeport, New York has narrowed from about 19% to 8% in 2024. Over that period the gap in 2014 women out-earned men by 8%. In dollar terms, the gap has narrowed by $3,742 since 2009.
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