Personal Finance
5 Hudson Valley Counties Among The 10 Highest-Earning In NY: Report
A new study from Stacker ranked incomes in New York and half of those in the top ten are in the Hudson Valley, with three beating out NYC.
HUDSON VALLEY, NY — New York has more than its fair share of millionaires (and billionaires), but a just released study found five Hudson Valley counties were among the highest earners in the state.
According to the U.S. Census Bureau, the median U.S. household income was $68,703 in 2019, which was a 6.8 percent increase from 2018.
Stacker used the bureau's 2019 5-year estimated median household income data to compile a list of the highest-earning counties in New York State. The pandemic that started in 2020 drastically altered income and poverty levels since, along with consumer habits and employment opportunities.
Find out what's happening in Bedford-Katonahfor free with the latest updates from Patch.
While the highest earning county in New York State was Nassau County on Long Island, a Stacker ranking of the 50 highest-earning counties in New York listed five Hudson Valley counties in the top ten slots.
Putnam County ranked at two on the list, with a median household income of $104,486, which is 52.6 percent above the New York State median and 66.3 percent above the U.S. median. 52.3 percent of households earned over $100k, while 3.9 percent of households earned less than $15k.
Find out what's happening in Bedford-Katonahfor free with the latest updates from Patch.
Westchester County came in at at four on the list, with a median household income of $96,610, 41.1 percent above the state median and 53.7 percent above the U.S. median. 48.8 percent of households earned over $100k, while 7.9 percent of household earned less than $15k.
Rockland County was narrowly edged out by Westchester, coming in at five in the rankings, with a median household income of $93,024, 35.8 percent above the state median and 48.0 percent above the U.S. median. Nearly 47 percent of households earned over $100k, while 6.6 percent earned less than $15k.
Dutchess County made the cut at 9 on the list, with a median household income of $81,219, which is 18.6 percent above the state median and 29.2 percent above the U.S. median. 40.4 percent of households earned over $100k, while 7.9 percent earned less than $15k.
Orange County ranked at 10 on the list, with a median household income of $79,944, which is 16.7 percent above the New York State median and 27.2 percent above the U.S. median. 39.8 percent of households earned over $100k, while 8.2 percent earned less than $15k.
The Top 50 highest-earning counties in New York State are:
- Nassau County
- Putnam County
- Suffolk County
- Westchester County
- Rockland County
- Manhattan County
- Saratoga County
- Staten Island
- Dutchess County
- Orange County
- Rensselaer County
- Queens County
- Columbia County
- Albany County
- Schenectady County
- Ontario County
- Ulster County
- Tioga County
- Madison County
- Onondaga County
- Warren County
- Genesee County
- Tompkins County
- Brooklyn
- Monroe County
- Livingston County
- Wayne County
- Hamilton County
- Cayuga County
- Erie County
- Wyoming County
- Schoharie County
- Sullivan County
- Washington County
- Essex County
- Yates County
- Clinton County
- Oneida County
- Cortland County
- Oswego County
- Niagara County
- Chemung County
- Herkimer County
- Seneca County
- Lewis County
- Otsego County
- Steuben County
- Greene County
- Jefferson County
- Orleans County
Additional income details about each of the counties can be found here.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.