Norristown, Pennsylvania Income Statistics
Norristown 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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D
Norristown Well below average
Source: Map AI Methodology
Income Statistics Overview
| Metric | Norristown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Household Income | $66,536 | $78,249 | $80,455 |
| Median Personal Income | $47,598 | $62,573 | $60,758 |
| Average Yearly Income Growth | 5.3% | 4.4% | 4.8% |
| Six-Figure Earners | 5.9% | 13.0% | 13.9% |
| $200k+ Households | 3.0% | 11.8% | 13.2% |
The median household income in Norristown is about 15% lower than in Pennsylvania. Income has been growing faster in Norristown (5.3%/yr) than in Pennsylvania (4.4%/yr).
About 6% of adults in Norristown 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 Norristown, Pennsylvania grew by 57.6% from 2009 to 2024, reaching $66,536 in 2024. That's an average of about 5.3% per year.
Income Inequality and the Gender Pay Gap in Norristown
| Metric | Norristown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.552 | 0.537 | 0.552 |
| Male Median Income | $49,895 | $71,585 | $69,667 |
| Female Median Income | $51,581 | $57,854 | $56,850 |
| Gender Pay Gap | -3.4% | 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 Norristown, it is 0.552, higher than Pennsylvania's 0.537, so income is less evenly distributed here than there, and about the same as the US's 0.552, so income here is about as evenly distributed as there.
Women's income is about 3% more than men's income in Norristown, Pennsylvania. Over a 35-year career, a 3% wage gap accumulates to roughly $59,010 in unearned income for male workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Norristown, Pennsylvania has widened from about 3% to -3% in 2024. Over that period the gap was widest at 17% in 2018, and in 2023 women out-earned men by 5%. In dollar terms, the gap has narrowed by $2,720 since 2009.
Employment
| Metric | Norristown | Pennsylvania Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 7.2% | 5.2% | 5.2% |
| Working from Home | 12.1% | 15.6% | 15.0% |
| Commute time (minutes) | 23 | 22 | 22 |
Approximately 1,372 people are unemployed in Norristown, Pennsylvania.
The average commute time in Norristown is 23 minutes, longer than the 22 minutes in Pennsylvania.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Norristown, Pennsylvania has fallen from 9.1% to 7.2% in 2024. Over that period the rate peaked at 12.0% in 2014 and fell as low as 5.3% in 2023.
Norristown, PA Wealth Compared With Nearby Cities
How Norristown, 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. |
|---|---|---|---|---|---|
| Norristown, PA | 35,836 | $66,536 #2/2 | 5.3%/yr #1/2 | 7.2% #2/2 | 0.552 #2/2 |
| King of Prussia, PA | 26,218 | $115,889 | 4.5%/yr | 4.8% | 0.484 |
Conclusion
Considering all these factors, Norristown, 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 Norristown, Pennsylvania.
How Rich Is Norristown, Pennsylvania?
Norristown 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 $66,536, about 15% lower than the Pennsylvania average of $78,249.
How has median household income changed in Norristown, Pennsylvania?
Between 2009 and 2024, the median household income in Norristown, Pennsylvania rose 58%, from $42,205 to $66,536. Over the same years, income here kept pace with Pennsylvania as a whole: +58% against +57%.
What was the median household income in Norristown in 2023?
In 2023, the median household income in Norristown, Pennsylvania was $64,079, up 10% from $58,012 in 2022. The Pennsylvania median that year was $76,230.
What was the median household income in Norristown in 2020?
In 2020, the median household income in Norristown, Pennsylvania was $54,122. By 2024 it had risen 23% to $66,536.
Is unemployment high in Norristown, Pennsylvania?
Unemployment in Norristown, Pennsylvania is 7.2%, well above the Pennsylvania rate of 5.2%, so job seekers may face more competition than elsewhere.
What is the Gini coefficient in Norristown, Pennsylvania?
The Gini coefficient in Norristown is 0.552. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is almost the same as the US average of 0.552, so income is distributed about as equally as in the country overall.
How has the income gap between men and women changed in Norristown, Pennsylvania?
Since 2009, the income gap between men and women in Norristown, Pennsylvania has widened from about 3% to -3% in 2024. Over that period the gap was widest at 17% in 2018, and in 2023 women out-earned men by 5%. In dollar terms, the gap has narrowed by $2,720 since 2009.
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