Wealth Index
Among the top 3 wealthiest counties in Pennsylvania
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 | Bucks County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $112,368 | $76,231 | $78,145 |
| Median Personal Income | $80,113 | $63,240 | $61,726 |
| Average income growth | 5.0% | 4.7% | 5.1% |
| Six-Figure Earners | 20.6% | 12.4% | 13.2% |
The median household income in Bucks County is about 47% higher than in Pennsylvania. Income has been growing faster in Bucks County (5.0%/yr) than in Pennsylvania (4.7%/yr).
About 21% of adults in Bucks County earn six figures ($100,000 or more) a year, higher than the Pennsylvania average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Bucks County, Pennsylvania grew by 51.7% from 2009 to 2023, reaching $112,368 in 2023. That's an average of about 5.0% per year.
Economic Inequality in Bucks County | Gender Pay Gap | Gini Coefficient
| Metric | Bucks County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.540 | 0.550 | 0.570 |
| Male Median Income | $89,857 | $69,913 | $67,746 |
| Female Median Income | $68,778 | $55,807 | $54,793 |
| Gender Pay Gap | 23.5% | 20.2% | 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 Bucks County, it is 0.540, lower than Pennsylvania's 0.550, so income is more evenly distributed here than there, and lower than the US's 0.570, so income is more evenly distributed here than there.
Men's income is about 31% more than women's income in Bucks County, Pennsylvania. Over a 35-year career, a 31% wage gap accumulates to roughly $737,765 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Bucks County, Pennsylvania has narrowed from about 28% to 23% in 2023. In dollar terms, the gap has widened by $3,788 since 2009.
Employment
| Metric | Bucks County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.5% | 5.2% | 5.2% |
| Working from Home | 17.3% | 13.8% | 13.4% |
| Commute time (minutes) | 25 | 22 | 22 |
Approximately 16,077 people are unemployed in Bucks County, Pennsylvania.
The average commute time in Bucks County is 25 minutes, longer than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Bucks County, Pennsylvania has fallen from 6.7% to 4.5% in 2023.
Conclusion
Considering all these factors, Bucks County, Pennsylvania has an overall wealth index grade of A, making it somewhat better than Pennsylvania, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Bucks County, Pennsylvania.
How Rich Is Bucks County, Pennsylvania?
Bucks County 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 residents are much better off than the U.S. average. The median household income is $112,368, about 47% higher than the Pennsylvania average of $76,231.
What is the current median household income in Bucks County, Pennsylvania?
As of 2023, the median household income in Bucks County, Pennsylvania is $112,368.
What was the median household income in Bucks County in 2023?
In 2023, the median household income in Bucks County, Pennsylvania was $112,368.
What was the median household income in Bucks County in 2020?
In 2020, the median household income in Bucks County, Pennsylvania was $93,565.
What is the Gini coefficient in Bucks County, Pennsylvania?
The Gini coefficient in Bucks County is 0.540. 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 0.570, so income is distributed more equally than in the country overall.
How has the income gap between men and women changed in Bucks County, Pennsylvania?
Since 2009, the income gap between men and women in Bucks County, Pennsylvania has narrowed from about 28% to 23% in 2023. In dollar terms, the gap has widened by $3,788 since 2009.