Keywords
Carmel, New York income demographics dataset
Date Modified
January 11, 2024
About this dataset
Context
The dataset presents median household incomes for various household sizes in Carmel, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.
Key observations
- Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, Carmel town did not include 7-person households. Across the different household sizes in Carmel town the mean income is $149,188, and the standard deviation is $72,871. The coefficient of variation (CV) is 48.85%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households. Please note that the U.S. Census Bureau uses $250,001 as a JAM value to report incomes of $250,000 or more. In the case of Carmel town, there were 1 household sizes where the JAM values were used. Thus, the numbers for the mean and standard deviation may not be entirely accurate and have a higher possibility of errors. However, to obtain an approximate estimate, we have used a value of $250,001 as the income for calculations, as reported in the datasets by the U.S. Census Bureau.
- In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $44,363. It then further increased to $270,229 for 6-person households, the largest household size for which the bureau reported a median household income.
![Carmel, New York median household income, by household size (in 2022 inflation-adjusted dollars)](https://i.neilsberg.com/ch/carmel-ny-median-household-income-by-household-size.jpeg)
Content
When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.
Household Sizes:
- 1-person households
- 2-person households
- 3-person households
- 4-person households
- 5-person households
- 6-person households
- 7-or-more-person households
Variables / Data Columns
-
Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
-
Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.
Good to know
Margin of Error
Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.
Custom data
If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.
Inspiration
Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.
Recommended for further research
This dataset is a part of the main dataset for Carmel town median household income. You can refer the same here