Wealth Index
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 | Montour County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $73,495 | $76,231 | $78,145 |
| Median Personal Income | $68,923 | $63,240 | $61,726 |
| Average income growth | 4.4% | 4.7% | 5.1% |
| Six-Figure Earners | 11.6% | 12.4% | 13.2% |
The median household income in Montour County is about 4% lower than in Pennsylvania. Income has been growing slower in Montour County (4.4%/yr) than in Pennsylvania (4.7%/yr).
About 12% of adults in Montour 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 Montour County, Pennsylvania grew by 56.3% from 2009 to 2023, reaching $73,495 in 2023. That's an average of about 4.4% per year.
Economic Inequality in Montour County | Gender Pay Gap | Gini Coefficient
| Metric | Montour County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.538 | 0.550 | 0.570 |
| Male Median Income | $72,902 | $69,913 | $67,746 |
| Female Median Income | $61,533 | $55,807 | $54,793 |
| Gender Pay Gap | 15.6% | 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 Montour County, it is 0.538, 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 18% more than women's income in Montour County, Pennsylvania. Over a 35-year career, a 18% wage gap accumulates to roughly $397,915 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Montour County, Pennsylvania has narrowed from about 25% to 16% in 2023. In dollar terms, the gap has widened by $358 since 2009.
Employment
| Metric | Montour County | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 2.6% | 5.2% | 5.2% |
| Working from Home | 11.2% | 13.8% | 13.4% |
| Commute time (minutes) | 16 | 22 | 22 |
Approximately 224 people are unemployed in Montour County, Pennsylvania.
The average commute time in Montour County is 16 minutes, shorter than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Montour County, Pennsylvania has fallen from 5.7% to 2.6% in 2023.
Conclusion
Considering all these factors, Montour County, Pennsylvania has an overall wealth index grade of C, making it about on par with Pennsylvania, and about on par with the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Montour County, Pennsylvania.
How Rich Is Montour County, Pennsylvania?
Montour County has a wealth index grade of C. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; a C grade means residents are close to the U.S. average. The median household income is $73,495, about 4% lower than the Pennsylvania average of $76,231.
What is the current median household income in Montour County, Pennsylvania?
As of 2023, the median household income in Montour County, Pennsylvania is $73,495.
What was the median household income in Montour County in 2023?
In 2023, the median household income in Montour County, Pennsylvania was $73,495.
What was the median household income in Montour County in 2020?
In 2020, the median household income in Montour County, Pennsylvania was $59,901.
What is the Gini coefficient in Montour County, Pennsylvania?
The Gini coefficient in Montour County is 0.538. 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 Montour County, Pennsylvania?
Since 2009, the income gap between men and women in Montour County, Pennsylvania has narrowed from about 25% to 16% in 2023. In dollar terms, the gap has widened by $358 since 2009.