Smithtown, New York Income Statistics
Smithtown 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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A+
Smithtown Top grade
Source: Map AI Methodology
Income Statistics Overview
| Metric | Smithtown | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $155,011 | $86,556 | $80,455 |
| Median Personal Income | $108,227 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.1% | 4.5% | 4.8% |
| Six-Figure Earners | 28.7% | 16.7% | 13.9% |
| $200k+ Households | 35.8% | 17.1% | 13.2% |
The median household income in Smithtown is about 79% higher than in New York. Income has been growing slower in Smithtown (3.1%/yr) than in New York (4.5%/yr).
About 29% of adults in Smithtown 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 Smithtown, New York grew by 39.7% from 2009 to 2024, reaching $155,011 in 2024. That's an average of about 3.1% per year.
Income Inequality and the Gender Pay Gap in Smithtown
| Metric | Smithtown | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.529 | 0.557 | 0.552 |
| Male Median Income | $118,351 | $77,531 | $69,667 |
| Female Median Income | $98,464 | $67,892 | $56,850 |
| Gender Pay Gap | 16.8% | 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 Smithtown, it is 0.529, lower than New York's 0.557, so income is more evenly distributed here than there, and lower than the US's 0.552, so income is more evenly distributed here than there.
Men's income is about 20% more than women's income in Smithtown, New York. Over a 35-year career, a 20% wage gap accumulates to roughly $696,045 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Smithtown, New York has narrowed from about 34% to 17% in 2024. In dollar terms, the gap has narrowed by $8,020 since 2009.
Employment
| Metric | Smithtown | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.9% | 6.4% | 5.2% |
| Working from Home | 18.1% | 15.0% | 15.0% |
| Commute time (minutes) | 27 | 28 | 22 |
Approximately 402 people are unemployed in Smithtown, New York.
The average commute time in Smithtown is 27 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Smithtown, New York has fallen from 5.9% to 2.9% in 2024. Over that period the rate peaked at 7.7% in 2014 and fell as low as 2.7% in 2021.
Smithtown, NY Wealth Compared With Nearby Cities
How Smithtown, 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. |
|---|---|---|---|---|---|
| Smithtown, NY | 25,319 | $155,011 #1/2 | 3.1%/yr #2/2 | 2.9% #1/2 | 0.529 #2/2 |
| Hauppauge, NY | 20,770 | $141,784 | 3.8%/yr | 5.4% | 0.519 |
Conclusion
Considering all these factors, Smithtown, New York has an overall wealth index grade of A+, making it far better than New York, and far better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Smithtown, New York.
How Rich Is Smithtown, New York?
Smithtown has a wealth index grade of A+. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an A+ grade means it is one of the most prosperous areas in the country. The median household income is $155,011, about 79% higher than the New York average of $86,556.
Are incomes growing in Smithtown, New York?
Between 2009 and 2024, the median household income in Smithtown, New York rose 40%, from $110,951 to $155,011. Over the same years, income here lagged behind New York as a whole: +40% against +56%.
What was the median household income in Smithtown in 2023?
In 2023, the median household income in Smithtown, New York was $155,741, up 2% from $153,337 in 2022. The New York median that year was $85,199.
What was the median household income in Smithtown in 2020?
In 2020, the median household income in Smithtown, New York was $137,459. By 2024 it had risen 13% to $155,011.
How many people earn six figures in Smithtown, New York?
Yes. 29% of adults in Smithtown, New York earn $100,000 or more a year (about 1 in 3), against 17% (about 1 in 6) in New York. 36% of households have a combined income of $200,000 or more, compared with 17% in New York.
How strong is the job market in Smithtown, New York?
Unemployment in Smithtown, New York is only 2.9%, well below the New York rate of 6.4%, a sign of a tight labor market where employers compete for workers.
What is the Gini coefficient in Smithtown, New York?
The Gini coefficient in Smithtown is 0.529. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is lower than the US average of 0.552, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Smithtown, New York?
Since 2009, the income gap between men and women in Smithtown, New York has narrowed from about 34% to 17% in 2024. In dollar terms, the gap has narrowed by $8,020 since 2009.
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