Graph and download economic data for Estimate of Median Household Income for Howard County, MD (MHIMD24027A052NCEN) from 1989 to 2023 about Howard County, MD; Baltimore; MD; households; median; income; and USA.

Graph and download economic data for Estimate of Median Household Income for Montgomery County, MD (MHIMD24031A052NCEN) from 1989 to 2023 about Montgomery County, MD; Washington; MD; households; median; income; and USA.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Harford County, MD, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 25,187, while the mean income for the highest quintile (20% of households with the highest income) is 292,835. This indicates that the top earners earn 12 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 451,818, which is 154.29% higher compared to the highest quintile, and 1793.85% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

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 Harford County median household income. You can refer the same here

About this dataset

Context

The dataset illustrates the median household income in Harford County, spanning the years from 2010 to 2023, with all figures adjusted to 2023 inflation-adjusted dollars. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varied over the last decade. The dataset can be utilized to gain insights into median household income trends and explore income variations.

Key observations:

From 2010 to 2023, the median household income for Harford County increased by $3,122 (2.89%), as per the American Community Survey estimates. In comparison, median household income for the United States increased by $5,602 (7.68%) between 2010 and 2023.

Analyzing the trend in median household income between the years 2010 and 2023, spanning 13 annual cycles, we observed that median household income, when adjusted for 2023 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS), experienced growth year by year for 6 years and declined for 7 years.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2022-inflation-adjusted dollars.

Years for which data is available:

• 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 0223

Variables / Data Columns

• Year: This column presents the data year from 2010 to 2023
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific year
• YOY Change($): Change in median household income between the current and the previous year, in 2023 inflation-adjusted dollars
• YOY Change(%): Percent change in median household income between current and the previous year

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 Harford County median household income. You can refer the same here

Graph and download economic data for 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Howard County, MD (MHICILBMD24027A052NCEN) from 1989 to 2023 about Howard County, MD; Baltimore; MD; households; median; income; and USA.

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Howard County: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 2,581(2.15%) households where the householder is under 25 years old, 40,019(33.33%) households with a householder aged between 25 and 44 years, 49,340(41.09%) households with a householder aged between 45 and 64 years, and 28,126(23.43%) households where the householder is over 65 years old.
• In Howard County, the age group of 45 to 64 years stands out with both the highest median income and the maximum share of households. This alignment suggests a financially stable demographic, indicating an established community with stable careers and higher incomes.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

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 Howard County median household income by age. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Frederick County, MD (MHIMD24021A052NCEN) from 1989 to 2023 about Frederick County, MD; Washington; MD; households; median; income; and USA.

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Graph and download economic data for Per Capita Personal Income in Anne Arundel County, MD (PCPI24003) from 1969 to 2023 about Anne Arundel County, MD; Baltimore; MD; personal income; per capita; personal; income; and USA.

Comprehensive demographic dataset for Anne Arundel County, MD, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

Graph and download economic data for 90% Confidence Interval Upper Bound of Estimate of Median Household Income for Harford County, MD (MHICIUBMD24025A052NCEN) from 1989 to 2023 about Harford County, MD; Baltimore; MD; households; median; income; and USA.

Graph and download economic data for Estimate of Median Household Income for Carroll County, MD (MHIMD24013A052NCEN) from 1989 to 2023 about Carroll County, MD; Baltimore; MD; households; median; income; and USA.

Graph and download economic data for Estimate of Median Household Income for St. Mary's County, MD (MHIMD24037A052NCEN) from 1989 to 2023 about St. Mary'S County, MD; MD; households; median; income; and USA.

Graph and download economic data for Estimate of Median Household Income for Charles County, MD (MHIMD24017A052NCEN) from 1989 to 2023 about Charles County, MD; Washington; MD; households; median; income; and USA.