Wealth Index
Among the 3 least wealthy 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 | St. Lawrence County | New York Avg | US Average |
|---|---|---|---|
| Median Household Income | $61,219 | $85,191 | $78,145 |
| Median Personal Income | $55,553 | $70,822 | $61,726 |
| Average income growth | 4.1% | 4.9% | 5.1% |
| Six-Figure Earners | 6.3% | 16.1% | 13.2% |
The median household income in St. Lawrence County is about 28% lower than in New York. Income has been growing slower in St. Lawrence County (4.1%/yr) than in New York (4.9%/yr).
About 6% of adults in St. Lawrence 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 St. Lawrence County, New York grew by 45.9% from 2009 to 2023, reaching $61,219 in 2023. That's an average of about 4.1% per year.
Economic Inequality in St. Lawrence County | Gender Pay Gap | Gini Coefficient
| Metric | St. Lawrence County | New York Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.568 | 0.576 | 0.570 |
| Male Median Income | $60,383 | $75,380 | $67,746 |
| Female Median Income | $50,246 | $65,850 | $54,793 |
| Gender Pay Gap | 16.8% | 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 St. Lawrence County, it is 0.568, lower than New York's 0.576, so income is more evenly distributed here than 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 20% more than women's income in St. Lawrence County, New York. Over a 35-year career, a 20% wage gap accumulates to roughly $354,795 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in St. Lawrence County, New York has narrowed from about 25% to 17% in 2023. In dollar terms, the gap has narrowed by $900 since 2009.
Employment
| Metric | St. Lawrence County | New York Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 5.7% | 6.2% | 5.2% |
| Working from Home | 7.2% | 13.4% | 13.4% |
| Commute time (minutes) | 16 | 28 | 22 |
Approximately 2,708 people are unemployed in St. Lawrence County, New York.
The average commute time in St. Lawrence County is 16 minutes, shorter than the 28 minutes in New York.
Unemployment Rate Over Time
Since 2011, the unemployment rate in St. Lawrence County, New York has fallen from 9.8% to 5.7% in 2023.
Conclusion
Considering all these factors, St. Lawrence County, 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 St. Lawrence County, New York.
How Rich Is St. Lawrence County, New York?
St. Lawrence County 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 $61,219, about 28% lower than the New York average of $85,191.
What is the current median household income in St. Lawrence County, New York?
As of 2023, the median household income in St. Lawrence County, New York is $61,219.
What was the median household income in St. Lawrence County in 2023?
In 2023, the median household income in St. Lawrence County, New York was $61,219.
What was the median household income in St. Lawrence County in 2020?
In 2020, the median household income in St. Lawrence County, New York was $52,055.
What is the Gini coefficient in St. Lawrence County, New York?
The Gini coefficient in St. Lawrence County is 0.568. 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 St. Lawrence County, New York?
Since 2009, the income gap between men and women in St. Lawrence County, New York has narrowed from about 25% to 17% in 2023. In dollar terms, the gap has narrowed by $900 since 2009.