Wealth Index
Less wealthy than 80% of counties 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 | Greene County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,691 | $85,191 | $78,145 |
| Median Personal Income | $62,490 | $70,822 | $61,726 |
| Average income growth | 5.4% | 4.9% | 5.1% |
| Six-Figure Earners | 10.6% | 16.1% | 13.2% |
The median household income in Greene County is about 13% lower than in New York. Income has been growing faster in Greene County (5.4%/yr) than in New York (4.9%/yr).
About 11% of adults in Greene 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 Greene County, New York grew by 59.9% from 2009 to 2023, reaching $73,691 in 2023. That's an average of about 5.4% per year.
Economic Inequality in Greene County | Gender Pay Gap | Gini Coefficient
| Metric | Greene County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.566 | 0.576 | 0.570 |
| Male Median Income | $66,367 | $75,380 | $67,746 |
| Female Median Income | $56,028 | $65,850 | $54,793 |
| Gender Pay Gap | 15.6% | 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 Greene County, it is 0.566, lower than New York's 0.576, so income is more evenly distributed here than there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 18% more than women's income in Greene County, New York. Over a 35-year career, a 18% wage gap accumulates to roughly $361,865 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Greene County, New York has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $1,285 since 2009.
Employment
| Metric | Greene County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 3.3% | 6.2% | 5.2% |
| Working from Home | 11.5% | 13.4% | 13.4% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 735 people are unemployed in Greene County, New York.
The average commute time in Greene County is 23 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Greene County, New York has fallen from 8.5% to 3.3% in 2023.
Conclusion
Considering all these factors, Greene County, New York has an overall wealth index grade of C, making it somewhat worse than New York, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Greene County, New York.
How Rich Is Greene County, New York?
Greene County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,691, about 13% lower than the New York average of $85,191.
What is the current median household income in Greene County, New York?
As of 2023, the median household income in Greene County, New York is $73,691.
What was the median household income in Greene County in 2023?
In 2023, the median household income in Greene County, New York was $73,691.
What was the median household income in Greene County in 2020?
In 2020, the median household income in Greene County, New York was $57,728.
What is the Gini coefficient in Greene County, New York?
The Gini coefficient in Greene County is 0.566. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Greene County, New York?
Since 2009, the income gap between men and women in Greene County, New York has narrowed from about 21% to 16% in 2023. In dollar terms, the gap has widened by $1,285 since 2009.