Wealth Index
Among the 5 least wealthy 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 | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $47,062 | $76,231 | $78,145 |
| Median Personal Income | $47,807 | $63,240 | $61,726 |
| Average income growth | 2.3% | 4.7% | 5.1% |
| Six-Figure Earners | 3.0% | 12.4% | 13.2% |
The median household income in Cameron County is about 38% lower than in Pennsylvania. Income has been growing slower in Cameron County (2.3%/yr) than in Pennsylvania (4.7%/yr).
About 3% of adults in Cameron County earn six figures ($100,000 or more) a year, lower than the Pennsylvania average of 12%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Cameron County, Pennsylvania grew by 17.0% from 2009 to 2023, reaching $47,062 in 2023. That's an average of about 2.3% per year.
Economic Inequality in Cameron County | Gender Pay Gap | Gini Coefficient
| Metric | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.486 | 0.550 | 0.570 |
| Male Median Income | $49,869 | $69,913 | $67,746 |
| Female Median Income | $45,204 | $55,807 | $54,793 |
| Gender Pay Gap | 9.4% | 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 Cameron County, it is 0.486, 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 10% more than women's income in Cameron County, Pennsylvania. Over a 35-year career, a 10% wage gap accumulates to roughly $163,275 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Cameron County, Pennsylvania has narrowed from about 26% to 9% in 2023. In dollar terms, the gap has narrowed by $6,077 since 2009.
Employment
| Metric | Cameron County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 9.3% | 5.2% | 5.2% |
| Working from Home | 2.5% | 13.8% | 13.4% |
| Commute time (minutes) | 12 | 22 | 22 |
Approximately 180 people are unemployed in Cameron County, Pennsylvania.
The average commute time in Cameron County is 12 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Cameron County, Pennsylvania has risen from 6.2% to 9.3% in 2023.
Conclusion
Considering all these factors, Cameron County, Pennsylvania has an overall wealth index grade of D, making it somewhat worse than Pennsylvania, and somewhat worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Cameron County, Pennsylvania.
How Rich Is Cameron County, Pennsylvania?
Cameron 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 $47,062, about 38% lower than the Pennsylvania average of $76,231.
What is the current median household income in Cameron County, Pennsylvania?
As of 2023, the median household income in Cameron County, Pennsylvania is $47,062.
What was the median household income in Cameron County in 2023?
In 2023, the median household income in Cameron County, Pennsylvania was $47,062.
What was the median household income in Cameron County in 2020?
In 2020, the median household income in Cameron County, Pennsylvania was $40,482.
What is the Gini coefficient in Cameron County, Pennsylvania?
The Gini coefficient in Cameron County is 0.486. 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 Cameron County, Pennsylvania?
Since 2009, the income gap between men and women in Cameron County, Pennsylvania has narrowed from about 26% to 9% in 2023. In dollar terms, the gap has narrowed by $6,077 since 2009.