Wealth Index
Wealthier than 90% of counties in New York
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 | Rockland County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $111,189 | $85,191 | $78,145 |
| Median Personal Income | $79,475 | $70,822 | $61,726 |
| Average income growth | 3.6% | 4.9% | 5.1% |
| Six-Figure Earners | 19.0% | 16.1% | 13.2% |
The median household income in Rockland County is about 31% higher than in New York. Income has been growing slower in Rockland County (3.6%/yr) than in New York (4.9%/yr).
About 19% of adults in Rockland County earn six figures ($100,000 or more) a year, higher than the New York average of 16%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Rockland County, New York grew by 34.4% from 2009 to 2023, reaching $111,189 in 2023. That's an average of about 3.6% per year.
Economic Inequality in Rockland County | Gender Pay Gap | Gini Coefficient
| Metric | Rockland County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.584 | 0.576 | 0.570 |
| Male Median Income | $83,149 | $75,380 | $67,746 |
| Female Median Income | $74,853 | $65,850 | $54,793 |
| Gender Pay Gap | 10.0% | 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 Rockland County, it is 0.584, higher than New York's 0.576, so income is less evenly distributed here than there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 11% more than women's income in Rockland County, New York. Over a 35-year career, a 11% wage gap accumulates to roughly $290,360 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Rockland County, New York has narrowed from about 22% to 10% in 2023. In dollar terms, the gap has narrowed by $6,220 since 2009.
Employment
| Metric | Rockland County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.9% | 6.2% | 5.2% |
| Working from Home | 12.8% | 13.4% | 13.4% |
| Commute time (minutes) | 23 | 28 | 22 |
Approximately 9,251 people are unemployed in Rockland County, New York.
The average commute time in Rockland County is 23 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Rockland County, New York has fallen from 6.5% to 5.9% in 2023.
Conclusion
Considering all these factors, Rockland County, 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 Rockland County, New York.
How Rich Is Rockland County, New York?
Rockland County 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 $111,189, about 31% higher than the New York average of $85,191.
What is the current median household income in Rockland County, New York?
As of 2023, the median household income in Rockland County, New York is $111,189.
What was the median household income in Rockland County in 2023?
In 2023, the median household income in Rockland County, New York was $111,189.
What was the median household income in Rockland County in 2020?
In 2020, the median household income in Rockland County, New York was $94,933.
What is the Gini coefficient in Rockland County, New York?
The Gini coefficient in Rockland County is 0.584. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Rockland County, New York?
Since 2009, the income gap between men and women in Rockland County, New York has narrowed from about 22% to 10% in 2023. In dollar terms, the gap has narrowed by $6,220 since 2009.