Wealth Index
Less wealthy than 82% 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 | Kings County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $78,604 | $85,191 | $78,145 |
| Median Personal Income | $71,729 | $70,822 | $61,726 |
| Average income growth | 6.4% | 4.9% | 5.1% |
| Six-Figure Earners | 15.8% | 16.1% | 13.2% |
The median household income in Kings County is about 8% lower than in New York. Income has been growing faster in Kings County (6.4%/yr) than in New York (4.9%/yr).
About 16% of adults in Kings County earn six figures ($100,000 or more) a year, about the same as the New York average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Kings County, New York grew by 83.5% from 2009 to 2023, reaching $78,604 in 2023. That's an average of about 6.4% per year.
Economic Inequality in Kings County | Gender Pay Gap | Gini Coefficient
| Metric | Kings County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.596 | 0.576 | 0.570 |
| Male Median Income | $75,011 | $75,380 | $67,746 |
| Female Median Income | $68,574 | $65,850 | $54,793 |
| Gender Pay Gap | 8.6% | 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 Kings County, it is 0.596, higher than New York's 0.576, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 9% more than women's income in Kings County, New York. Over a 35-year career, a 9% wage gap accumulates to roughly $225,295 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Kings County, New York has widened from about 7% to 9% in 2023. In dollar terms, the gap has widened by $3,668 since 2009.
Employment
| Metric | Kings County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.5% | 6.2% | 5.2% |
| Working from Home | 17.0% | 13.4% | 13.4% |
| Commute time (minutes) | 42 | 28 | 22 |
Approximately 100,894 people are unemployed in Kings County, New York.
The average commute time in Kings County is 42 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Kings County, New York has fallen from 9.4% to 7.5% in 2023.
Conclusion
Considering all these factors, Kings 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 Kings County, New York.
How Rich Is Kings County, New York?
Kings 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 $78,604, about 8% lower than the New York average of $85,191.
What is the current median household income in Kings County, New York?
As of 2023, the median household income in Kings County, New York is $78,604.
What was the median household income in Kings County in 2023?
In 2023, the median household income in Kings County, New York was $78,604.
What was the median household income in Kings County in 2020?
In 2020, the median household income in Kings County, New York was $64,366.
What is the Gini coefficient in Kings County, New York?
The Gini coefficient in Kings County is 0.596. 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 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Kings County, New York?
Since 2009, the income gap between men and women in Kings County, New York has widened from about 7% to 9% in 2023. In dollar terms, the gap has widened by $3,668 since 2009.