What is the Typical Household Income in Kew Gardens, NY?
The typical household income in Kew Gardens, NY, as of 2022, is $84,950. This figure represents the median household income, which means half of the households in the area earn more than this amount and half earn less. The median income is often considered a more accurate representation of typical income than the average (mean) because it is less affected by extremely high or low incomes.
Kew Gardens, part of the Kew Gardens/Woodhaven neighborhood, demonstrates a robust economic standing compared to New York City as a whole.
Key Income and Poverty Statistics (2022)
To put the income data into perspective, here's a comparison of key economic indicators for Kew Gardens/Woodhaven versus New York City:
| Statistic | Kew Gardens/Woodhaven | New York City |
|---|---|---|
| Median Household Income | $84,950 | $77,550 |
| Poverty Rate | 11.5% | 18.3% |
Income Insights
- Higher Local Income: The median household income in Kew Gardens/Woodhaven ($84,950) is notably higher, approximately 10% more than the citywide median household income ($77,550). This indicates a relatively affluent economic environment within the neighborhood.
- Lower Poverty Rate: The area also boasts a significantly lower poverty rate at 11.5% compared to the broader New York City rate of 18.3%. This suggests a stronger economic stability for residents.
These statistics collectively paint a picture of Kew Gardens as a community with a higher-than-average household income and lower prevalence of poverty when compared to New York City as a whole.
