Household Income in ZIP Code 11042, New York (ZIP Code)

Map of Household Income by Tract in ZIP Code 11042

Median Household Income by Tract#1

Median household income ($):
$114k$119k$125k$130k$135k$140k

20th Percentile Household Income by Tract#2

20th percentile of household income ($):
$51,100$55,000$58,900$62,800$66,700$70,700

Mean of the Top 5% Household Income by Tract#3

Mean household income of the top 5% of households ($):
$540k$600k$670k$730k$800k$860k

Gini Index Household Income by Tract#4

Gini Index of income inequality (larger Gini Index means more inequality) (%):
38.9%41.1%43.3%45.5%47.7%49.9%
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Definitions

  • Household Income: total income from all people in the household
  • Median: in terms of income, it is the income for which 50% of households have a lower income, and 50% have a higher income
  • Percentile: for example, the 80th percentile of household income is the income for which 80% of household have a lower income and 20% have a higher income
  • Quintile: a quintile is 20% of a population, grouped by percentile; for example, the 2nd quintile is all members of a population between the 20th and 40th percentiles
  • Gini Index: a statistical measure of how unevenly income is distributed in a population (ranging from 0% to 100%, the higher the number, the greater the inequality)

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