McKean County, Pennsylvania Income Statistics
McKean County Wealth Score
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.
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D
McKean County Well below averageLess wealthy than 79% of counties in Pennsylvania
Source: Map AI Methodology
Income Statistics Overview
| Metric | McKean County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $63,476 | $78,249 | $80,455 |
| Median Personal Income | $49,298 | $62,573 | $60,758 |
| Average Yearly Income Growth | 4.7% | 4.4% | 4.8% |
| Six-Figure Earners | 5.7% | 13.0% | 13.9% |
| $200k+ Households | 4.3% | 11.8% | 13.2% |
The median household income in McKean County is about 19% lower than in Pennsylvania. Income has been growing faster in McKean County (4.7%/yr) than in Pennsylvania (4.4%/yr).
About 6% of adults in McKean County earn six figures ($100,000 or more) a year, lower than the Pennsylvania average of 13%.
Median Household Income 2009–2024 Trend
Median Household Income Over Time
Median household income in McKean County, Pennsylvania grew by 58.4% from 2009 to 2024, reaching $63,476 in 2024. That's an average of about 4.7% per year.
Income Inequality and the Gender Pay Gap in McKean County
| Metric | McKean County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.522 | 0.537 | 0.552 |
| Male Median Income | $57,549 | $71,585 | $69,667 |
| Female Median Income | $46,342 | $57,854 | $56,850 |
| Gender Pay Gap | 19.5% | 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 McKean County, it is 0.522, 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 24% more than women's income in McKean County, Pennsylvania. Over a 35-year career, a 24% wage gap accumulates to roughly $392,245 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in McKean County, Pennsylvania has narrowed from about 29% to 19% in 2024. Over that period the gap was narrowest at 18% in 2021. In dollar terms, the gap has narrowed by $792 since 2009.
Employment
| Metric | McKean County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 4.9% | 5.2% | 5.2% |
| Working from Home | 5.3% | 15.6% | 15.0% |
| Commute time (minutes) | 15 | 22 | 22 |
Approximately 885 people are unemployed in McKean County, Pennsylvania.
The average commute time in McKean County is 15 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in McKean County, Pennsylvania has fallen from 10.3% to 4.9% in 2024. Over that period the rate peaked at 10.7% in 2013 and fell as low as 4.8% in 2023.
McKean County, PA Wealth Compared With Nearby Counties
McKean County, PA is the 3rd largest of the 6 counties compared here, 39,894 residents against a local median of 30,506. Where McKean County, PA breaks from the counties next to it is income growth, sitting 22% above the local median of 3.9%/yr at 4.7%/yr. That is the better end of the local range on this measure.
The counties themselves spread 1.9%/yr on income growth, so McKean County, PA sits at one end of an already wide local range rather than apart from it. McKean County, PA has the 2nd highest income growth of the 6 areas compared here.
| 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. |
|---|---|---|---|---|---|
| McKean County, PA | 39,894 | $63,476 #2/6 | 4.7%/yr #2/6 | 4.9% #2/6 | 0.522 #5/6 |
| Elk County, PA | 30,506 | $65,302 | 3.9%/yr | 5.6% | 0.474 |
| Cattaraugus County, NY | 76,141 | $59,550 | 3.9%/yr | 5.0% | 0.519 |
| Cameron County, PA | 4,427 | $50,531 | 2.9%/yr | 7.8% | 0.458 |
| Potter County, PA | 16,191 | $59,453 | 4.8%/yr | 3.8% | 0.504 |
| Allegany County, NY | 47,155 | $63,166 | 4.6%/yr | 7.1% | 0.556 |
Conclusion
Considering all these factors, McKean 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 McKean County, Pennsylvania.
How Rich Is McKean County, Pennsylvania?
McKean 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 $63,476, about 19% lower than the Pennsylvania average of $78,249.
How fast is household income rising in McKean County, Pennsylvania?
Between 2009 and 2024, the median household income in McKean County, Pennsylvania rose 58%, from $40,084 to $63,476. Over the same years, income here kept pace with Pennsylvania as a whole: +58% against +57%.
What was the median household income in McKean County in 2023?
In 2023, the median household income in McKean County, Pennsylvania was $61,611, up 6% from $58,217 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in McKean County in 2020?
In 2020, the median household income in McKean County, Pennsylvania was $49,258. By 2024 it had risen 29% to $63,476.
What is the Gini coefficient in McKean County, Pennsylvania?
The Gini coefficient in McKean County is 0.522. 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 McKean County, Pennsylvania?
Since 2009, the income gap between men and women in McKean County, Pennsylvania has narrowed from about 29% to 19% in 2024. Over that period the gap was narrowest at 18% in 2021. In dollar terms, the gap has narrowed by $792 since 2009.
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