Lockport, New York Income Statistics
Lockport 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.
-
C
Lockport Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,261 | $86,556 | $80,455 |
| Median Personal Income | $48,866 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.4% | 4.5% | 4.8% |
| Six-Figure Earners | 6.7% | 16.7% | 13.9% |
| $200k+ Households | 3.7% | 17.1% | 13.2% |
The median household income in Lockport is about 27% lower than in New York. Income has been growing faster in Lockport (5.4%/yr) than in New York (4.5%/yr).
About 7% of adults in Lockport 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 Lockport, New York grew by 71.3% from 2009 to 2024, reaching $63,261 in 2024. That's an average of about 5.4% per year.
Income Inequality and the Gender Pay Gap in Lockport
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.557 | 0.552 |
| Male Median Income | $54,585 | $77,531 | $69,667 |
| Female Median Income | $46,915 | $67,892 | $56,850 |
| Gender Pay Gap | 14.1% | 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 Lockport, it is 0.484, 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 16% more than women's income in Lockport, New York. Over a 35-year career, a 16% wage gap accumulates to roughly $268,450 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Lockport, New York has narrowed from about 28% to 14% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 11% in 2015. In dollar terms, the gap has narrowed by $4,001 since 2009.
Employment
| Metric | Lockport | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 6.4% | 5.2% |
| Working from Home | 9.0% | 15.0% | 15.0% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 546 people are unemployed in Lockport, New York.
The average commute time in Lockport is 23 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Lockport, New York has fallen from 10.1% to 4.8% in 2024.
Conclusion
Considering all these factors, Lockport, 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 Lockport, New York.
How Rich Is Lockport, New York?
Lockport 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 $63,261, about 27% lower than the New York average of $86,556.
How fast is household income rising in Lockport, New York?
Between 2009 and 2024, the median household income in Lockport, New York rose 71%, from $36,939 to $63,261. Over the same years, income here outpaced New York as a whole: +71% against +56%.
What was the median household income in Lockport in 2023?
In 2023, the median household income in Lockport, New York was $59,266, up 6% from $56,016 in 2022. The New York median that year was $85,199.
What was the median household income in Lockport in 2020?
In 2020, the median household income in Lockport, New York was $47,248. By 2024 it had risen 34% to $63,261.
How strong is the job market in Lockport, New York?
Unemployment in Lockport, New York is only 4.8%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Lockport, New York?
The Gini coefficient in Lockport is 0.484. 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 Lockport, New York?
Since 2009, the income gap between men and women in Lockport, New York has narrowed from about 28% to 14% in 2024. Over that period the gap was widest at 30% in 2010, and was narrowest at 11% in 2015. In dollar terms, the gap has narrowed by $4,001 since 2009.
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