The median household income in Rockland, Massachusetts, is $101,475.
This figure represents a key economic indicator for the town, reflecting the midpoint of all household incomes. It means that half of the households in Rockland have an income above this amount, and the other half have an income below it.
Understanding Median Household Income
Median household income provides a clearer picture of the typical financial situation within a community than an average (mean) income, as it is less skewed by a few extremely high or low incomes.
- Definition: It is the income level that divides the total number of households into two equal groups: those earning more and those earning less.
- Relevance: This metric is crucial for understanding the economic health and affordability of a town.
- Data Period: The reported median household income for Rockland is based on data collected from 2019 to 2023, adjusted to 2023 dollars to reflect current purchasing power.
Median Income vs. Per Capita Income
It's important to distinguish median household income from per capita income. While median household income focuses on the combined income of a household, per capita income calculates the average income per person in an area, including all adults and children.
For Rockland, the per capita income for the same 2019-2023 period (in 2023 dollars) is $48,224. Both statistics offer valuable insights into the economic landscape, but from different angles: median household income gives a sense of a typical family's earnings, while per capita income reflects the income distributed across every individual.
