Massapequa, New York Income Statistics
Massapequa 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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A+
Massapequa Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Massapequa | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $177,938 | $86,556 | $80,455 |
| Median Personal Income | $106,273 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.5% | 4.8% |
| Six-Figure Earners | 33.5% | 16.7% | 13.9% |
| $200k+ Households | 42.6% | 17.1% | 13.2% |
The median household income in Massapequa is about 106% higher than in New York. Income has been growing faster in Massapequa (5.0%/yr) than in New York (4.5%/yr).
About 33% of adults in Massapequa earn six figures ($100,000 or more) a year, higher than the New York average of 17%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in Massapequa, New York grew by 65.2% from 2009 to 2024, reaching $177,938 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in Massapequa
| Metric | Massapequa | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.490 | 0.557 | 0.552 |
| Male Median Income | $118,994 | $77,531 | $69,667 |
| Female Median Income | $97,885 | $67,892 | $56,850 |
| Gender Pay Gap | 17.7% | 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 Massapequa, it is 0.490, 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 22% more than women's income in Massapequa, New York. Over a 35-year career, a 22% wage gap accumulates to roughly $738,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Massapequa, New York has narrowed from about 25% to 18% in 2024. Over that period the gap was widest at 33% in 2020. In dollar terms, the gap has widened by $229 since 2009.
Employment
| Metric | Massapequa | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 6.4% | 5.2% |
| Working from Home | 15.7% | 15.0% | 15.0% |
| Commute time (minutes) | 31 | 28 | 22 |
Approximately 563 people are unemployed in Massapequa, New York.
The average commute time in Massapequa is 31 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Massapequa, New York has fallen from 4.9% to 4.8% in 2024. Over that period the rate peaked at 6.9% in 2020 and fell as low as 2.4% in 2019.
Conclusion
Considering all these factors, Massapequa, New York has an overall wealth index grade of A+, making it far better than New York, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Massapequa, New York.
How Rich Is Massapequa, New York?
Massapequa has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $177,938, about 106% higher than the New York average of $86,556.
Are incomes growing in Massapequa, New York?
Between 2009 and 2024, the median household income in Massapequa, New York rose 65%, from $107,740 to $177,938. Over the same years, income here outpaced New York as a whole: +65% against +56%.
What was the median household income in Massapequa in 2023?
In 2023, the median household income in Massapequa, New York was $181,377, up 7% from $168,803 in 2022. The New York median that year was $85,199.
What was the median household income in Massapequa in 2020?
In 2020, the median household income in Massapequa, New York was $137,451. By 2024 it had risen 29% to $177,938.
How many people earn six figures in Massapequa, New York?
Yes. 33% of adults in Massapequa, New York earn $100,000 or more a year (about 1 in 3), against 17% (about 1 in 6) in New York. 43% of households have a combined income of $200,000 or more, compared with 17% in New York.
Is it hard to find a job in Massapequa, New York?
Unemployment in Massapequa, 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 Massapequa, New York?
The Gini coefficient in Massapequa is 0.490. 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 Massapequa, New York?
Since 2009, the income gap between men and women in Massapequa, New York has narrowed from about 25% to 18% in 2024. Over that period the gap was widest at 33% in 2020. In dollar terms, the gap has widened by $229 since 2009.
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