Gender
In Mount Vernon, the population consists of 32,229 males (44.24%) and 40,626 females (55.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Vernon, the median income for all workers aged 15 years and older, regardless of work hours, was $42,381 for males and $40,531 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,205 for males and $60,519 for females.
- In Mount Vernon, the median income for all workers aged 15 years and older, regardless of work hours, was $42,381 for males and $40,531 for females.
- In Mount Vernon, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,205, while females earned $60,519
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Race
In Mount Vernon, the population is predominantly Black or African American, constituting 61.53% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $61,372.
- In Mount Vernon, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $250,001. This reveals that, while Black or African Americans may be the most numerous in Mount Vernon, Asian households experience greater economic prosperity in terms of median household income.
- In Mount Vernon, the median household income for the households where the householder is White increased by $5,700(8.91%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $63,969 in 2012 and $69,669 in 2022.
- In Mount Vernon, the median household income for the households where the householder is Black or African American increased by $8,245(15.52%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $53,127 in 2012 and $61,372 in 2022.
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Year by year
Mount Vernon, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Vernon increased by $6,548 (9.73%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 6,641 (from $67,185 to $73,826). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,754 (from $67,278 to $64,524).
- It then further increased to $250,001 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5102, it is evident that income distribution in Mount Vernon, NY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $88,665. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $45,232.
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