New Rochelle, New York Income Statistics
New Rochelle 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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B
New Rochelle Around average
Source: Map AI Methodology
Income Statistics Overview
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $108,629 | $86,556 | $80,455 |
| Median Personal Income | $91,530 | $70,316 | $60,758 |
| Average Yearly Income Growth | 5.0% | 4.5% | 4.8% |
| Six-Figure Earners | 25.9% | 16.7% | 13.9% |
| $200k+ Households | 28.7% | 17.1% | 13.2% |
The median household income in New Rochelle is about 26% higher than in New York. Income has been growing faster in New Rochelle (5.0%/yr) than in New York (4.5%/yr).
About 26% of adults in New Rochelle 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 New Rochelle, New York grew by 59.3% from 2009 to 2024, reaching $108,629 in 2024. That's an average of about 5.0% per year.
Income Inequality and the Gender Pay Gap in New Rochelle
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.548 | 0.557 | 0.552 |
| Male Median Income | $99,384 | $77,531 | $69,667 |
| Female Median Income | $96,023 | $67,892 | $56,850 |
| Gender Pay Gap | 3.4% | 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 New Rochelle, it is 0.548, 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 4% more than women's income in New Rochelle, New York. Over a 35-year career, a 4% wage gap accumulates to roughly $117,635 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in New Rochelle, New York has narrowed from about 12% to 3% in 2024. Over that period the gap was widest at 13% in 2017, and was narrowest at 2% in 2020. In dollar terms, the gap has narrowed by $4,045 since 2009.
Employment
| Metric | New Rochelle | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.4% | 5.2% |
| Working from Home | 18.0% | 15.0% | 15.0% |
| Commute time (minutes) | 30 | 28 | 22 |
Approximately 2,643 people are unemployed in New Rochelle, New York.
The average commute time in New Rochelle is 30 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in New Rochelle, New York has fallen from 7.4% to 5.9% in 2024. Over that period the rate peaked at 8.6% in 2013.
New Rochelle, NY Wealth Compared With Nearby Cities
How New Rochelle, 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. |
|---|---|---|---|---|---|
| New Rochelle, NY | 82,755 | $108,629 #2/2 | 5.0%/yr #1/2 | 5.9% #2/2 | 0.548 #2/2 |
| Eastchester, NY | 20,417 | $159,776 | 4.9%/yr | 2.4% | 0.509 |
Conclusion
Considering all these factors, New Rochelle, New York has an overall wealth index grade of B, making it somewhat better than New York, and somewhat better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in New Rochelle, New York.
How Rich Is New Rochelle, New York?
New Rochelle has a wealth index grade of B. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a B grade means residents are quite well off compared to the U.S. average. The median household income is $108,629, about 26% higher than the New York average of $86,556.
How fast is household income rising in New Rochelle, New York?
Between 2009 and 2024, the median household income in New Rochelle, New York rose 59%, from $68,203 to $108,629. Over the same years, income here outpaced New York as a whole: +59% against +56%.
What was the median household income in New Rochelle in 2023?
In 2023, the median household income in New Rochelle, New York was $104,859, up 5% from $100,122 in 2022. The New York median that year was $85,199.
What was the median household income in New Rochelle in 2020?
In 2020, the median household income in New Rochelle, New York was $81,933. By 2024 it had risen 33% to $108,629.
Do many residents of New Rochelle, New York earn over $100,000?
Yes. 26% of adults in New Rochelle, New York earn $100,000 or more a year (about 1 in 4), against 17% (about 1 in 6) in New York. 29% of households have a combined income of $200,000 or more, compared with 17% in New York.
What is the Gini coefficient in New Rochelle, New York?
The Gini coefficient in New Rochelle is 0.548. 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 New Rochelle, New York?
Since 2009, the income gap between men and women in New Rochelle, New York has narrowed from about 12% to 3% in 2024. Over that period the gap was widest at 13% in 2017, and was narrowest at 2% in 2020. In dollar terms, the gap has narrowed by $4,045 since 2009.
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