King of Prussia, Pennsylvania Income Statistics
King of Prussia 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
King of Prussia Above average
Source: Map AI Methodology
Income Statistics Overview
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $115,889 | $78,249 | $80,455 |
| Median Personal Income | $83,136 | $62,573 | $60,758 |
| Average Yearly Income Growth | 4.5% | 4.4% | 4.8% |
| Six-Figure Earners | 24.8% | 13.0% | 13.9% |
| $200k+ Households | 17.3% | 11.8% | 13.2% |
The median household income in King of Prussia is about 48% higher than in Pennsylvania. Income has been growing faster in King of Prussia (4.5%/yr) than in Pennsylvania (4.4%/yr).
About 25% of adults in King of Prussia earn six figures ($100,000 or more) a year, higher than the Pennsylvania average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in King of Prussia, Pennsylvania grew by 56.9% from 2009 to 2024, reaching $115,889 in 2024. That's an average of about 4.5% per year.
Income Inequality and the Gender Pay Gap in King of Prussia
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.484 | 0.537 | 0.552 |
| Male Median Income | $93,570 | $71,585 | $69,667 |
| Female Median Income | $71,669 | $57,854 | $56,850 |
| Gender Pay Gap | 23.4% | 19.2% | 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 King of Prussia, it is 0.484, lower than Pennsylvania's 0.537, 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 31% more than women's income in King of Prussia, Pennsylvania. Over a 35-year career, a 31% wage gap accumulates to roughly $766,535 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in King of Prussia, Pennsylvania has widened from about 22% to 23% in 2024. Over that period the gap was widest at 26% in 2021, and was narrowest at 20% in 2017. In dollar terms, the gap has widened by $8,109 since 2009.
Sharply against the trend: the pay gap in King of Prussia widened by 1.2 points while Pennsylvania's narrowed by 5.7 points.
Employment
| Metric | King of Prussia | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.8% | 5.2% | 5.2% |
| Working from Home | 29.7% | 15.6% | 15.0% |
| Commute time (minutes) | 20 | 22 | 22 |
Approximately 793 people are unemployed in King of Prussia, Pennsylvania.
The average commute time in King of Prussia is 20 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in King of Prussia, Pennsylvania has risen from 4.0% to 4.8% in 2024. Over that period the rate peaked at 6.4% in 2013 and fell as low as 3.8% in 2019.
King of Prussia, PA Wealth Compared With Nearby Cities
How King of Prussia, PA 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. |
|---|---|---|---|---|---|
| King of Prussia, PA | 26,218 | $115,889 #1/2 | 4.5%/yr #2/2 | 4.8% #1/2 | 0.484 #1/2 |
| Norristown, PA | 35,836 | $66,536 | 5.3%/yr | 7.2% | 0.552 |
Conclusion
Considering all these factors, King of Prussia, Pennsylvania has an overall wealth index grade of A, making it notably better than Pennsylvania, and notably better than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in King of Prussia, Pennsylvania.
How Rich Is King of Prussia, Pennsylvania?
King of Prussia 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 $115,889, about 48% higher than the Pennsylvania average of $78,249.
How fast is household income rising in King of Prussia, Pennsylvania?
Between 2009 and 2024, the median household income in King of Prussia, Pennsylvania rose 57%, from $73,845 to $115,889. Over the same years, income here kept pace with Pennsylvania as a whole: +57% against +57%.
What was the median household income in King of Prussia in 2023?
In 2023, the median household income in King of Prussia, Pennsylvania was $109,843, up 3% from $106,861 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in King of Prussia in 2020?
In 2020, the median household income in King of Prussia, Pennsylvania was $97,328. By 2024 it had risen 19% to $115,889.
Is King of Prussia, Pennsylvania a high-income area?
Yes. 25% of adults in King of Prussia, Pennsylvania earn $100,000 or more a year (about 1 in 4), against 13% (about 1 in 8) in Pennsylvania. 17% of households have a combined income of $200,000 or more, compared with 12% in Pennsylvania.
What is the Gini coefficient in King of Prussia, Pennsylvania?
The Gini coefficient in King of Prussia is 0.484. 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 King of Prussia, Pennsylvania?
Since 2009, the income gap between men and women in King of Prussia, Pennsylvania has widened from about 22% to 23% in 2024. Over that period the gap was widest at 26% in 2021, and was narrowest at 20% in 2017. In dollar terms, the gap has widened by $8,109 since 2009.
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