{"id":77834,"date":"2025-02-09T12:31:00","date_gmt":"2025-02-09T12:31:00","guid":{"rendered":"https:\/\/peraltafinancing.com\/business\/investing\/income-by-city-calculator-and-statistics-by-city\/"},"modified":"2025-02-09T12:31:00","modified_gmt":"2025-02-09T12:31:00","slug":"income-by-city-calculator-and-statistics-by-city","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=77834","title":{"rendered":"Income by City Calculator and Statistics by City"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"span-14-299\">\n<p>In this post, find an <em>income by city comparison calculator<\/em> and statistics such as\u00a0<em>average income by city<\/em>\u00a0and\u00a0<em>median income by city<\/em>\u00a0for the United States in 2024. It includes data for 260 metro areas, and summary data for residents outside those metropolitan areas. You can compare or filter on <em>either household or individual income<\/em>.<\/p>\n<p>Below the calculator, find summary statistics for cities. I estimate the population, number of workers, number of households, and selected income brackets in 2024. The tools and filterable tables on the page contain statistics on\u00a0<em>household<\/em>\u00a0and\u00a0<em>individual<\/em>\u00a0gross (pre-tax) income and the 25%, 75%, and 90% income percentile per city (for each category).<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-income-percentile-by-city-calculator\"><span id=\"Income_Percentile_by_City_Calculator\"><span id=\"Income_Percentile_by_City_Calculator\">Income Percentile by City Calculator<\/span><\/span><\/h2>\n<p>This <em>household and individual income by city percentile calculator<\/em> lets you enter an annual income to see how it compares in various metro areas in the United States. If you click or tap in the &#8220;Compare Cities&#8221; entry field, you can add multiple metropolitan areas to see the income breakdowns for each.<\/p>\n<p><center><iframe src=\"https:\/\/dqydj.com\/scripts\/cps\/2024_income_calculators\/2024_income_by_city.html\" class=\"calcFrame\"><\/iframe><\/center><\/p>\n<p class=\"has-small-font-size\"><strong>Note:<\/strong> some cities have sufficient data to show all income percentiles, while others only show deciles.<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-using-the-income-percentile-by-city-calculator\"><span id=\"Using_the_Income_Percentile_by_City_Calculator\"><span id=\"Using_the_Income_Percentile_by_City_Calculator\">Using the Income Percentile by City Calculator<\/span><\/span><\/h3>\n<ol class=\"wp-block-list\">\n<li><strong>First<\/strong>, choose to compare <em>individual income<\/em> or <em>income earned by a household<\/em>.<\/li>\n<li><strong>Next<\/strong>, pick the closest city or metro area (you can also <a href=\"https:\/\/www.infoplease.com\/state-abbreviations-and-state-postal-codes\">search on state abbreviation<\/a>).<\/li>\n<li><strong>Optionally<\/strong>, add any other metro areas to the comparison.<\/li>\n<\/ol>\n<h4 class=\"wp-block-heading\" id=\"h-income-percentile-by-city-tool-input-options\"><span id=\"Income_Percentile_by_City_Tool_Input_Options\"><span id=\"Income_Percentile_by_City_Tool_Input_Options\">Income Percentile by City Tool Input Options<\/span><\/span><\/h4>\n<p>Here are the fine details on the metro area calculator:<\/p>\n<ul class=\"wp-block-list\">\n<li><strong>Income<\/strong>: Gross, pre-tax income earned by one individual or a household (dealer&#8217;s choice!). Income is from\u00a0<a target=\"_blank\" href=\"https:\/\/cps.ipums.org\/cps-action\/variables\/INCTOT#comparability_section\" rel=\"noreferrer noopener\">any source on this list<\/a>.<\/li>\n<li><strong>Individual\u00a0<\/strong>or\u00a0<strong>Household:\u00a0<\/strong>Choose whether you want to compare an\u00a0<em>individual<\/em>\u00a0or\u00a0<em>household<\/em>\u00a0income, to match the income you input.<\/li>\n<li><strong>City:\u00a0<\/strong>The metro area where you would like to compare an income.<\/li>\n<li><strong>Compare Cities:\u00a0<\/strong>Optionally, add other metro areas to see how an income would compare with the percentiles there.<\/li>\n<\/ul>\n<p class=\"has-small-font-size\"><strong>Warning:<\/strong> A city marked with\u00a0<strong>\u02df\u00a0<\/strong>lacks sufficient data to show all income percentiles. Even cities that show the top 1% are often pushing the results. Don&#8217;t look at that data as exact, but &#8220;somewhere in the ballpark&#8221;.<\/p>\n<h4 class=\"wp-block-heading\" id=\"h-income-percentile-by-city-tool-output\"><span id=\"Income_Percentile_by_City_Tool_Output\"><span id=\"Income_Percentile_by_City_Tool_Output\">Income Percentile by City Tool Output<\/span><\/span><\/h4>\n<p>There are two primary outputs:<\/p>\n<ul class=\"wp-block-list\">\n<li>The visualization of income distribution in your selected city (including any others you add)<\/li>\n<li>An estimated income percentile (or decile, for metros with fewer survey responses)<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\" id=\"h-individual-income-percentile-by-city-statistics\"><span id=\"Individual_Income_Percentile_by_City_Statistics\"><span id=\"Individual_Income_Percentile_by_City_Statistics\">Individual Income Percentile by City Statistics<\/span><\/span><\/h2>\n<p>Here are tables with summary statistics for <em>individual income by city<\/em>. Income is pre-tax, earned between January and December 2023.<\/p>\n<p>Find <strong>average income by city<\/strong>, <strong>median income by city<\/strong>, <strong>population<\/strong>, <strong>number of workers<\/strong>, and <strong>selected income brackets<\/strong>. Cities with enough data points also show that metro&#8217;s <strong>top 1% individual income<\/strong>.<\/p>\n<p>Use the filters up top to select a city, or add or remove columns in the table by clicking on the column toggles.<\/p>\n<p><center><iframe src=\"https:\/\/dqydj.com\/scripts\/cps\/2024_income_calculators\/2024_individual_income_table.html\" class=\"calcFrame\"><\/iframe><\/center><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-household-income-percentile-by-city-statistics\"><span id=\"Household_Income_Percentile_by_City_Statistics\"><span id=\"Household_Income_Percentile_by_City_Statistics\">Household Income Percentile by City Statistics<\/span><\/span><\/h2>\n<p>In the below filterable table are summary statistics for\u00a0<em>household income by city<\/em>. All values are gross, pre-tax income earned between January and December 2023.<\/p>\n<p>Find\u00a0<strong>average income<\/strong>,\u00a0<strong>median income<\/strong>, and\u00a0<strong>selected income brackets<\/strong>\u00a0for each metro area in the United States. Additionally, find the\u00a0<strong>population<\/strong>\u00a0and\u00a0<strong>number of metro households<\/strong>\u00a0if you choose to turn on those columns. Cities with sufficient data also show\u00a0<strong>top 1% household income<\/strong>.<\/p>\n<p><center><iframe src=\"https:\/\/dqydj.com\/scripts\/cps\/2024_income_calculators\/2024_household_income_table.html\" class=\"calcFrame\"><\/iframe><\/center><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-source-and-methodology-on-the-2024-income-percentile-by-city-calculator\"><span id=\"Source_and_Methodology_on_the_2024_Income_Percentile_by_City_Calculator\"><span id=\"Source_and_Methodology_on_the_2024_Income_Percentile_by_City_Calculator\">Source and Methodology on the 2024 Income Percentile by City Calculator<\/span><\/span><\/h2>\n<p>Our source for the income percentile by city calculator was <a href=\"https:\/\/cps.ipums.org\/cps\/\">IPUMS-CPS<\/a>:<\/p>\n<p>Sarah Flood, Miriam King, Renae Rodgers, Steven Ruggles, J. Robert Warren, Daniel Backman, Annie Chen, Grace Cooper, Stephanie Richards, Megan Schouweiler, and Michael Westberry. IPUMS CPS: Version 11.0 [dataset]. Minneapolis, MN: IPUMS, 2023. https:\/\/doi.org\/10.18128\/D030.V11.0<\/p>\n<p>For my methodology on incomes and worker definition, see the source articles:<\/p>\n<h3 class=\"wp-block-heading\" id=\"h-metro-area-and-city-definitions-and-warnings\"><span id=\"Metro_Area_and_City_Definitions_and_Warnings\"><span id=\"Metro_Area_and_City_Definitions_and_Warnings\">Metro Area and City Definitions and Warnings<\/span><\/span><\/h3>\n<p>Here is the additional data for cities:<\/p>\n<p>There is a lot of uncertainty baked into the income statistics. There are generally enough samples for low resolution income distribution estimates (and average and median should be pretty accurate!), but you need to be cautious. Directly from the Census Bureau:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;One set of estimates that can be produced from CPS microdata files should be treated with caution. These are estimates for individual metropolitan areas. Although estimates for the larger areas such as New York, Los Angeles, and so forth, should be fairly accurate and valid for a multitude of uses, estimates for the smaller metropolitan areas (those with populations under 500,000) should be used with caution because of the relatively large sampling variability associated with these estimates.&#8221;<\/p>\n<\/blockquote>\n<p>In the tools, I&#8217;ve set the minimum number of data points to show the top 1% estimate for households or individuals as <strong>300 data points for the worker survey<\/strong> (so there may be fewer than 300 households).<\/p>\n<p>If you check the tables in the household and individual income section above, you can find the number of data points used to guess the brackets, and decide whether that is sufficient for a good estimate. You may also want to <a href=\"https:\/\/cps.ipums.org\/cps\/topcodes_tables.shtml\">check out the income topcodes for this year&#8217;s data<\/a>.<\/p>\n<p>In short: be cautious, <strong>especially for the upper few percent<\/strong>.<\/p>\n<p><em>Past results:<\/em><\/p>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In this post, find an income by city comparison calculator and statistics such as\u00a0average income by city\u00a0and\u00a0median income by city\u00a0for the United States in 2024. It includes data for 260 metro areas, and summary data for residents outside those metropolitan areas. You can compare or filter on either household or individual income. Below the calculator, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":77835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96],"tags":[10470,2177,10975,10113,11602],"dealstore":[],"offerexpiration":[],"class_list":["post-77834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing","tag-calculator","tag-city","tag-income","tag-research","tag-statistics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income by City Calculator and Statistics by City - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=77834\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income by City Calculator and Statistics by City - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In this post, find an income by city comparison calculator and statistics such as\u00a0average income by city\u00a0and\u00a0median income by city\u00a0for the United States in 2024. It includes data for 260 metro areas, and summary data for residents outside those metropolitan areas. You can compare or filter on either household or individual income. 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