Wealth Index
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Queens County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $85,795 | $85,191 | $78,145 |
| Median Personal Income | $64,103 | $70,822 | $61,726 |
| Average income growth | 5.3% | 4.9% | 5.1% |
| Six-Figure Earners | 12.9% | 16.1% | 13.2% |
The median household income in Queens County is about 1% higher than in New York. Income has been growing faster in Queens County (5.3%/yr) than in New York (4.9%/yr).
About 13% of adults in Queens County earn six figures ($100,000 or more) a year, lower than the New York average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Queens County, New York grew by 55.2% from 2009 to 2023, reaching $85,795 in 2023. That's an average of about 5.3% per year.
Economic Inequality in Queens County | Gender Pay Gap | Gini Coefficient
| Metric | Queens County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.574 | 0.576 | 0.570 |
| Male Median Income | $64,888 | $75,380 | $67,746 |
| Female Median Income | $63,110 | $65,850 | $54,793 |
| Gender Pay Gap | 2.7% | 12.6% | 19.1% |
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 Queens County, it is 0.574, about the same as New York's 0.576, so income here is about as evenly distributed as there, and about the same as the US's 0.570, so income here is about as evenly distributed as there.
Men's income is about 3% more than women's income in Queens County, New York. Over a 35-year career, a 3% wage gap accumulates to roughly $62,230 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Queens County, New York has narrowed from about 6% to 3% in 2023. In dollar terms, the gap has narrowed by $735 since 2009.
Employment
| Metric | Queens County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.0% | 6.2% | 5.2% |
| Working from Home | 11.3% | 13.4% | 13.4% |
| Commute time (minutes) | 42 | 28 | 22 |
Approximately 85,202 people are unemployed in Queens County, New York.
The average commute time in Queens County is 42 minutes, longer than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Queens County, New York has fallen from 9.0% to 7.0% in 2023.
Conclusion
Considering all these factors, Queens County, 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 Queens County, New York.
How Rich Is Queens County, New York?
Queens County 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 $85,795, about 1% higher than the New York average of $85,191.
What is the current median household income in Queens County, New York?
As of 2023, the median household income in Queens County, New York is $85,795.
What was the median household income in Queens County in 2023?
In 2023, the median household income in Queens County, New York was $85,795.
What was the median household income in Queens County in 2020?
In 2020, the median household income in Queens County, New York was $72,258.
What is the Gini coefficient in Queens County, New York?
The Gini coefficient in Queens County is 0.574. 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 0.570, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Queens County, New York?
Since 2009, the income gap between men and women in Queens County, New York has narrowed from about 6% to 3% in 2023. In dollar terms, the gap has narrowed by $735 since 2009.