Port Chester, New York Income Statistics
Port Chester 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
Port Chester Below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $91,068 | $86,556 | $80,455 |
| Median Personal Income | $57,787 | $70,316 | $60,758 |
| Average Yearly Income Growth | 6.2% | 4.5% | 4.8% |
| Six-Figure Earners | 14.8% | 16.7% | 13.9% |
| $200k+ Households | 17.7% | 17.1% | 13.2% |
The median household income in Port Chester is about 5% higher than in New York. Income has been growing faster in Port Chester (6.2%/yr) than in New York (4.5%/yr).
About 15% of adults in Port Chester 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 Port Chester, New York grew by 74.3% from 2009 to 2024, reaching $91,068 in 2024. That's an average of about 6.2% per year.
Income Inequality and the Gender Pay Gap in Port Chester
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.557 | 0.552 |
| Male Median Income | $60,929 | $77,531 | $69,667 |
| Female Median Income | $58,555 | $67,892 | $56,850 |
| Gender Pay Gap | 3.9% | 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 Port Chester, it is 0.552, about the same as New York's 0.557, so income here is about as evenly distributed as 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 Port Chester, New York. Over a 35-year career, a 4% wage gap accumulates to roughly $83,090 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Port Chester, New York has narrowed from about 8% to 4% in 2024. Over that period the gap was widest at 20% in 2022, and in 2017 women out-earned men by 25%. In dollar terms, the gap has narrowed by $603 since 2009.
Employment
| Metric | Port Chester | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.4% | 6.4% | 5.2% |
| Working from Home | 10.6% | 15.0% | 15.0% |
| Commute time (minutes) | 22 | 28 | 22 |
Approximately 956 people are unemployed in Port Chester, New York.
The average commute time in Port Chester is 22 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Port Chester, New York has fallen from 7.6% to 5.4% in 2024. Over that period the rate peaked at 8.8% in 2012.
Conclusion
Considering all these factors, Port Chester, 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 Port Chester, New York.
How Rich Is Port Chester, New York?
Port Chester 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 $91,068, about 5% higher than the New York average of $86,556.
How has median household income changed in Port Chester, New York?
Between 2009 and 2024, the median household income in Port Chester, New York rose 74%, from $52,249 to $91,068. Over the same years, income here outpaced New York as a whole: +74% against +56%.
What was the median household income in Port Chester in 2023?
In 2023, the median household income in Port Chester, New York was $99,466, up 9% from $91,424 in 2022. The New York median that year was $85,199.
What was the median household income in Port Chester in 2020?
In 2020, the median household income in Port Chester, New York was $79,462. By 2024 it had risen 15% to $91,068.
What is the Gini coefficient in Port Chester, New York?
The Gini coefficient in Port Chester is 0.552. 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 Port Chester, New York?
Since 2009, the income gap between men and women in Port Chester, New York has narrowed from about 8% to 4% in 2024. Over that period the gap was widest at 20% in 2022, and in 2017 women out-earned men by 25%. In dollar terms, the gap has narrowed by $603 since 2009.
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