What does this measure?

Median household income, inflated to 2021 dollars. Half of incomes are below the median and half are above.

Why is this important?

Median household income is a gauge of overall economic health of the region and the financial resources of households.

How is the region performing?

The median household income in the Mid-Hudson Valley was $80,700 in 2017-21, higher than both the state (excluding NYC) and national medians of $77,800 and $69,000, respectively. Median incomes were higher than the region in Putnam ($111,600), Dutchess ($87,100) and Orange counties ($85,600), while Ulster ($71,000), Sullivan ($63,400) and Greene ($62,800) were lower.

When adjusted for inflation, regional median income essentially remained unchanged from 2000 to 2017-21. Most counties in the region had modest increases during this period, while Putnam declined 5% ($5,900). Dutchess, Orange and Ulster were virtually unchanged. The region performed on par with the state (outside New York City) and the nation, which remained unchanged. At the regional level, the vast majority of the decrease occurred between 2000 and 2007-11 and increased from 2012-16 to 2017-21. Most counties also saw all or most of their decline between 2000 and 2012-16, but the median later rebounded in several counties, with Columbia and Greene up 7% and 6% respectively, from 2000 to 2017-21.

Among local municipalities, median incomes were highest in 2017-21 in the Village of Tuxedo Park ($250,000), the Town of Tuxedo ($173,100), Village of Woodbury ($130,800) and Town of Chester ($126,300). They were lowest in the villages of Monticello ($38,900), Liberty ($34,700), and Bloomingburg ($25,000) and in the cities of Poughkeepsie ($48,800), Newburgh ($48,000), Hudson ($40,400), and Port Jervis ($36,100).

Notes about the data

Figures for the region were calculated by aggregating county medians based on each county's share of the region's population. Data are presented in 2020 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined five years of responses to the survey to provide estimates for smaller geographic areas and increase the precision of its estimates. However, because the information came from a survey, the samples responding to the survey were not always large enough to produce reliable results, especially in small geographic areas. CGR has noted on data tables the estimates with relatively large margins of error. Estimates with three asterisks have the largest margins, plus or minus 50% or more of the estimate. Two asterisks mean plus or minus 35%-50%, and one asterisk means plus or minus 20%-35%. For all estimates, the confidence level is 90%, meaning there is 90% probability the true value (if the whole population were surveyed) would be within the margin of error (or confidence interval). The survey provides data on characteristics of the population that used to be collected only during the decennial census. Data for this indicator are expected to be released in the fourth quarter.