Gender
In New Rochelle, the population consists of 38,879 males (48.19%) and 41,806 females (51.81%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Rochelle, the median income for all workers aged 15 years and older, regardless of work hours, was $53,514 for males and $41,177 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $96,407 for males and $83,935 for females.
- In New Rochelle, the median income for all workers aged 15 years and older, regardless of work hours, was $53,514 for males and $41,177 for females.
- In New Rochelle, among full-time, year-round workers aged 15 years and older, males earned a median income of $96,407, while females earned $83,935, resulting in a 13% gender pay gap among full-time workers. This illustrates that women earn 87 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the city of New Rochelle.
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Race
In New Rochelle, the population is predominantly White, constituting 52.70% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $111,069.
- In New Rochelle, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $132,833. This reveals that, while Whites may be the most numerous in New Rochelle, Asian households experience greater economic prosperity in terms of median household income.
- In New Rochelle, the median household income for the households where the householder is White increased by $17,867(19.17%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $93,202 in 2012 and $111,069 in 2022.
- In New Rochelle, the median household income for the households where the householder is Black or African American increased by $47,853(81.94%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $58,397 in 2012 and $106,250 in 2022.
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Year by year
New Rochelle, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Rochelle increased by $6,080 (6.90%), 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 2016 to 2017, when the median household income increased by 3,097 (from $89,502 to $92,599). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,421 (from $88,131 to $85,710).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5372, it is evident that income distribution in New Rochelle, NY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $127,784. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,760.
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