Mount Vernon, New York Income Statistics
Mount Vernon 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
Mount Vernon Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $77,912 | $86,556 | $80,455 |
| Median Personal Income | $63,723 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.2% | 4.5% | 4.8% |
| Six-Figure Earners | 12.8% | 16.7% | 13.9% |
| $200k+ Households | 12.7% | 17.1% | 13.2% |
The median household income in Mount Vernon is about 10% lower than in New York. Income has been growing faster in Mount Vernon (5.2%/yr) than in New York (4.5%/yr).
About 13% of adults in Mount Vernon 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 Mount Vernon, New York grew by 53.9% from 2009 to 2024, reaching $77,912 in 2024. That's an average of about 5.2% per year.
Income Inequality and the Gender Pay Gap in Mount Vernon
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.549 | 0.557 | 0.552 |
| Male Median Income | $68,936 | $77,531 | $69,667 |
| Female Median Income | $66,970 | $67,892 | $56,850 |
| Gender Pay Gap | 2.9% | 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 Mount Vernon, it is 0.549, lower than New York's 0.557, so income is more evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Men's income is about 3% more than women's income in Mount Vernon, New York. Over a 35-year career, a 3% wage gap accumulates to roughly $68,810 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Mount Vernon, New York has narrowed from about 7% to 3% in 2024. Over that period the gap was widest at 10% in 2010, and in 2023 women out-earned men by 2%. In dollar terms, the gap has narrowed by $985 since 2009.
Employment
| Metric | Mount Vernon | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.2% | 6.4% | 5.2% |
| Working from Home | 8.7% | 15.0% | 15.0% |
| Commute time (minutes) | 31 | 28 | 22 |
Approximately 3,578 people are unemployed in Mount Vernon, New York.
The average commute time in Mount Vernon is 31 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Mount Vernon, New York has fallen from 12.7% to 9.2% in 2024. Over that period the rate peaked at 14.4% in 2013 and fell as low as 6.6% in 2020.
Mount Vernon, NY Wealth Compared With Nearby Cities
How Mount Vernon, NY compares with the 1 cities closest to it.
| Area | Population | Median household income | Income growthAverage yearly change in median household income since 2016. Each year is measured in its own dollars, so this is growth before inflation. | Unemployment | Income inequalityGini coefficient: 0 would mean every household earns the same, 1 that a single household earns everything. The lower the number, the more equally income is shared here. |
|---|---|---|---|---|---|
| Mount Vernon, NY | 72,261 | $77,912 #2/2 | 5.2%/yr #1/2 | 9.2% #2/2 | 0.549 #2/2 |
| Eastchester, NY | 20,417 | $159,776 | 4.9%/yr | 2.4% | 0.509 |
Conclusion
Considering all these factors, Mount Vernon, New York has an overall wealth index grade of C, making it about on par with New York, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Mount Vernon, New York.
How Rich Is Mount Vernon, New York?
Mount Vernon 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 $77,912, about 10% lower than the New York average of $86,556.
How has median household income changed in Mount Vernon, New York?
Between 2009 and 2024, the median household income in Mount Vernon, New York rose 54%, from $50,630 to $77,912. Over the same years, income here lagged behind New York as a whole: +54% against +56%.
What was the median household income in Mount Vernon in 2023?
In 2023, the median household income in Mount Vernon, New York was $77,405, up 2% from $75,649 in 2022. The New York median that year was $85,199.
What was the median household income in Mount Vernon in 2020?
In 2020, the median household income in Mount Vernon, New York was $59,056. By 2024 it had risen 32% to $77,912.
Is it hard to find a job in Mount Vernon, New York?
Unemployment in Mount Vernon, New York is 9.2%, well above the New York rate of 6.4%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Mount Vernon, New York?
The Gini coefficient in Mount Vernon is 0.549. 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 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Mount Vernon, New York?
Since 2009, the income gap between men and women in Mount Vernon, New York has narrowed from about 7% to 3% in 2024. Over that period the gap was widest at 10% in 2010, and in 2023 women out-earned men by 2%. In dollar terms, the gap has narrowed by $985 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 →