Spring Valley, New York Income Statistics
Spring Valley 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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D
Spring Valley Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $60,448 | $86,556 | $80,455 |
| Median Personal Income | $43,689 | $70,316 | $60,758 |
| Average Yearly Income Growth | 3.4% | 4.5% | 4.8% |
| Six-Figure Earners | 6.2% | 16.7% | 13.9% |
| $200k+ Households | 7.0% | 17.1% | 13.2% |
The median household income in Spring Valley is about 30% lower than in New York. Income has been growing slower in Spring Valley (3.4%/yr) than in New York (4.5%/yr).
About 6% of adults in Spring Valley 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 Spring Valley, New York grew by 20.1% from 2009 to 2024, reaching $60,448 in 2024. That's an average of about 3.4% per year.
Income Inequality and the Gender Pay Gap in Spring Valley
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.589 | 0.557 | 0.552 |
| Male Median Income | $50,920 | $77,531 | $69,667 |
| Female Median Income | $40,211 | $67,892 | $56,850 |
| Gender Pay Gap | 21.0% | 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 Spring Valley, it is 0.589, higher than New York's 0.557, so income is less evenly distributed here than there, and higher than the US's 0.552, so income is less evenly distributed here than there.
Men's income is about 27% more than women's income in Spring Valley, New York. Over a 35-year career, a 27% wage gap accumulates to roughly $374,815 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Spring Valley, New York has widened from about 16% to 21% in 2024. Over that period the gap was widest at 23% in 2010, and in 2016 women out-earned men by 10%. In dollar terms, the gap has widened by $4,785 since 2009.
Sharply against the trend: the pay gap in Spring Valley widened by 4.8 points while New York's narrowed by 6.0 points.
Employment
| Metric | Spring Valley | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.3% | 6.4% | 5.2% |
| Working from Home | 6.2% | 15.0% | 15.0% |
| Commute time (minutes) | 21 | 28 | 22 |
Approximately 640 people are unemployed in Spring Valley, New York.
The average commute time in Spring Valley is 21 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Spring Valley, New York has fallen from 9.4% to 4.3% in 2024. Over that period the rate peaked at 13.5% in 2013.
Spring Valley, NY Wealth Compared With Nearby Cities
How Spring Valley, 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. |
|---|---|---|---|---|---|
| Spring Valley, NY | 32,678 | $60,448 #1/2 | 3.4%/yr #1/2 | 4.3% #1/2 | 0.589 #1/2 |
| Monsey, NY | 29,660 | $43,592 | 3.2%/yr | 7.3% | 0.690 |
Conclusion
Considering all these factors, Spring Valley, New York has an overall wealth index grade of D, making it somewhat worse than New York, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Spring Valley, New York.
How Rich Is Spring Valley, New York?
Spring Valley has a wealth index grade of D. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a D grade means residents are somewhat worse off than the U.S. average. The median household income is $60,448, about 30% lower than the New York average of $86,556.
How has median household income changed in Spring Valley, New York?
Between 2009 and 2024, the median household income in Spring Valley, New York rose 20%, from $50,325 to $60,448. Over the same years, income here lagged behind New York as a whole: +20% against +56%.
What was the median household income in Spring Valley in 2023?
In 2023, the median household income in Spring Valley, New York was $60,874, up 10% from $55,095 in 2022. The New York median that year was $85,199.
What was the median household income in Spring Valley in 2020?
In 2020, the median household income in Spring Valley, New York was $47,364. By 2024 it had risen 28% to $60,448.
How strong is the job market in Spring Valley, New York?
Unemployment in Spring Valley, New York is only 4.3%, 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 Spring Valley, New York?
The Gini coefficient in Spring Valley is 0.589. 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 0.552, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Spring Valley, New York?
Since 2009, the income gap between men and women in Spring Valley, New York has widened from about 16% to 21% in 2024. Over that period the gap was widest at 23% in 2010, and in 2016 women out-earned men by 10%. In dollar terms, the gap has widened by $4,785 since 2009.
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