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Demographics

Demographics : Income / Retail Sales : Buying Income

Buying Income

Income
Per Capita Income* $31,015
Median Household Income** $51,650
Mean (Average) Household Income** $67,350
Median Family Income $60,721

SOURCES: *U.S. Dept. of Commerce, Bureau of Economic Analysis (2005). **Estimates for 2006 by the MD Department of Planning (2007). ***U.S. Census Bureau, 2006 American Community Survey.+

 

Effective Buying Income*
Total EBI ($000) $2,675,660
Per Capita EBI $18,409
Median Household EBI** $40,335


SOURCE: Demographics USA® 2007, a publication of ACNielsen Trade Dimensions, Wilton, CT.
*Effective Buying Income (EBI) equals money income less personal and non-tax payments, also known as “disposable” or “after-tax” income.
**Median Household EBI has proven to be a more statistically reliable indicator of an area’s income levels than mean (average) figures.



Distribution of Income
Households by EBI* Group County Hagerstown** Hagerstown (MSA)***
Under $25,000 27% 35% 26.3%
$25,000 - 74,999 57.6% 55.5% 59.3%
$75,000 $ Over 15.3% 9.6% 14.6%
* * Effective Buying Income (EBI) equals money income less personal tax and non-tax payments, also known as "disposable" or "after-tax" income. **Hagerstown data only encompasses the 21740 zip code. ***Metropolitan Statistical Area includes Washington County, MD; Berkeley County, WV; and Morgan County, WV.
* SOURCE: Demographics USA® 2006, a publication of ACNielsen Trade Dimensions, Wilton, CT.

 





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