Ithaca, New York Income Statistics
Ithaca 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.
-
F
Ithaca Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Ithaca | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $48,300 | $86,556 | $80,455 |
| Median Personal Income | $57,385 | $70,316 | $60,758 |
| Average Yearly Income Growth | 6.0% | 4.5% | 4.8% |
| Six-Figure Earners | 11.3% | 16.7% | 13.9% |
| $200k+ Households | 10.1% | 17.1% | 13.2% |
The median household income in Ithaca is about 44% lower than in New York. Income has been growing faster in Ithaca (6.0%/yr) than in New York (4.5%/yr).
About 11% of adults in Ithaca 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 Ithaca, New York grew by 80.1% from 2009 to 2024, reaching $48,300 in 2024. That's an average of about 6.0% per year.
Income Inequality and the Gender Pay Gap in Ithaca
| Metric | Ithaca | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.626 | 0.557 | 0.552 |
| Male Median Income | $60,638 | $77,531 | $69,667 |
| Female Median Income | $54,111 | $67,892 | $56,850 |
| Gender Pay Gap | 10.8% | 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 Ithaca, it is 0.626, higher than New York's 0.557, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 12% more than women's income in Ithaca, New York. Over a 35-year career, a 12% wage gap accumulates to roughly $228,445 in unearned income for female workers in the area.
Income by Sex Over Time
The income gap between men and women in Ithaca, New York has stayed about the same since 2009, at around 11%. Over that period the gap was widest at 33% in 2013, and was narrowest at 3% in 2010. In dollar terms, the gap has widened by $1,688 since 2009.
Employment
| Metric | Ithaca | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.4% | 5.2% |
| Working from Home | 27.5% | 15.0% | 15.0% |
| Commute time (minutes) | 15 | 28 | 22 |
Approximately 584 people are unemployed in Ithaca, New York.
The average commute time in Ithaca is 15 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Ithaca, New York has fallen from 5.6% to 5.4% in 2024. Over that period the rate peaked at 6.2% in 2013 and fell as low as 3.0% in 2021.
Conclusion
Considering all these factors, Ithaca, 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 Ithaca, New York.
How Wealthy Is Ithaca, New York?
Ithaca 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 $48,300, about 44% lower than the New York average of $86,556.
How fast is household income rising in Ithaca, New York?
Between 2009 and 2024, the median household income in Ithaca, New York rose 80%, from $26,812 to $48,300. Over the same years, income here outpaced New York as a whole: +80% against +56%.
What was the median household income in Ithaca in 2023?
In 2023, the median household income in Ithaca, New York was $48,121, up 7% from $44,951 in 2022. The New York median that year was $85,199.
What was the median household income in Ithaca in 2020?
In 2020, the median household income in Ithaca, New York was $39,072. By 2024 it had risen 24% to $48,300.
What is the Gini coefficient in Ithaca, New York?
The Gini coefficient in Ithaca is 0.626. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Ithaca, New York?
The income gap between men and women in Ithaca, New York has stayed about the same since 2009, at around 11%. Over that period the gap was widest at 33% in 2013, and was narrowest at 3% in 2010. In dollar terms, the gap has widened by $1,688 since 2009.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →