Columbia and Greene Counties have NY’s 1st and 3rd Fastest-Growing Median Household Incomes
Columbia and Greene Counties had New York’s first and third fastest-growing median household incomes in 2022, according to a Center for Economic Growth (CEG) analysis of new data from the U.S. Census Bureau’s Small Area Income and Poverty Estimates (SAIPE) program.
In 2022, Columbia County’s median household income was $83,533, up 20.4 percent from the previous year. That was the fastest growth rate among New York’s 62 counties. During the same period, Greene County’s median household income increased by 16.4 percent to $71,433 – the third fastest growth rate in the state. However, among 3,136 counties nationwide and excluding Connecticut’s nine new planning regions, Columbia County’s median household income annual growth rate ranked 98th and Greene County’s ranked 271st.
Columbia and Greene Counties’ rapidly growing median household incomes are, in part, a reflection of intra-state migration from the New York City region. For example, as CEG reported last spring, IRS tax migration statistics show that in 2021 Columbia and Greene Counties had the state’s third and sixth largest annual increases in adjusted gross income. Many of those movers are likely employed outside of Greene and Columbia Counties, because those counties’ average wages increased between 2021 and 2022 by only 1.3 percent and 2.1 percent, respectively, according to New York Department of Labor data from the Quarterly Census of Employment and Wages.
Among the Capital Region’s other counties, median household income growth rates were as high as 8.7 percent in Washington County and as low as 0.8 percent in Warren County. At $93,341, Saratoga County had the region’s highest median household income and the seventh highest in the state. At $67,013, Washington County’s median household income was the lowest in the region.
In April 2021, CEG launched a talent attraction campaign using the CapNY brand, along with a website – GoCapNY.com – and its associated social media channels. To help attract even more young professionals to the Capital Region, CEG launched a CapNY Connectors initiative. The Connectors are local residents who love living in the Capital Region and who have volunteered to share that love to help connect prospective new residents to our community. They work in diverse industries, pursue unique interests, and come from all walks of life. The CapNY Connectors are available to answer questions and discuss first-hand experience of what it’s like to work and live in CapNY.
Young professionals can find a connector who shares their interests and ambitions by checking out the profiles on the GoCapNY website. Website visitors who are unsure of whom they should connect with, can fill out the form to provide some additional details, and the CapNY networking team will make a connection for them.
Visit CapNY Connectors at https://gocapny.com/capny-connectors.
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