Median household income, in 2017 dollars. Half of incomes are below the median and half are above.
Median household income is a gauge of the overall economic health of the region and the financial resources of households. Differences among racial and ethnic groups is a gauge of the economic health of those groups, and may reflect disparities in access to economic opportunity.
In 2013-17, the overall median household income in Essex County was $73,500. Median income was substantially lower among African American ($51,700) and Hispanic ($41,100) households, and higher among white ($78,300) and Asian ($95,100) households. After inflation, Asian households saw the largest increase since 2000 (14%), compared to small increases among African American (2%) and Hispanic (3%) households, and a small decrease among whites (2%).
The state had similar disparities in 2013-17. African American households in Essex earned more than in Massachusetts as a whole ($46,200), and Hispanics in Essex earned slightly more than at the state level ($39,300). Earnings for white Massachusetts residents were similar to Essex, while Asians in Essex earned more than the state median ($87,000). Compared to national medians, most groups in Essex earned more except Hispanic households, who fared better at the national level ($46,600). Among Essex County's cities, median income for Hispanic households was lower than the County median in Lawrence ($36,600), but higher than the County median in Lynn ($43,100) and Haverhill ($47,400).
Essex County's disparities were similar to the comparison counties. Essex County had lower median incomes for every racial and ethnic group than the comparison counties, with the exception of African Americans in Lake, IL ($43,500).
Figures are in constant 2017 dollars. The multiyear figures are from the Census Bureau's American Community Survey. The bureau combined 5 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 3 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 released annually in December.