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16342 Map

16342 Income Statistics

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Comparison to Surrounding Areas

16342 Median Household Income

The median household income ($62,227) for 16342 is less than the median household income for 16362 ($63,750), 16038 ($74,868), 16145 ($64,500), 16153 ($64,625), 16323 ($62,233), Clinton township ($67,778), Frenchcreek township ($68,523), Irwin township ($69,615), Sandycreek township ($94,219), and Victory township ($70,000). But it's more than 16374 ($54,688), Mercer County ($60,614), Venango County ($61,626), Sandy Lake township ($61,012), Mineral township ($62,125), and Polk borough ($44,250).

16342$62,227
Victory township$70,000
Polk borough$44,250
Sandycreek township$94,219
Sandy Lake township$61,012
Clinton township$67,778
Frenchcreek township$68,523
Irwin township$69,615
Mineral township$62,125
Venango County$61,626
Mercer County$60,614

16342 Average Household Income

The average household income ($76,357) for 16342 is less than the average household income for 16145 ($88,415), 16038 ($94,826), 16362 ($80,000), 16323 ($79,735), 16153 ($80,220), Mercer County ($78,316), Venango County ($76,779), Victory township ($86,765), Sandycreek township ($112,686), Irwin township ($88,932), Frenchcreek township ($88,392), and Sandy Lake township ($89,204). But it's more than 16374 ($67,188), Clinton township ($73,945), Mineral township ($73,410), and Polk borough ($52,338).

16342$76,357
Victory township$86,765
Polk borough$52,338
Sandycreek township$112,686
Sandy Lake township$89,204
Clinton township$73,945
Frenchcreek township$88,392
Irwin township$88,932
Mineral township$73,410
Venango County$76,779
Mercer County$78,316

16342 Per-Capita Income

The per-capita income for 16342 is $35,301. The per capita income ($35,301) for 16342 is less than the per capita income for 16038 ($39,178), 16145 ($39,027), Irwin township ($37,162), Sandy Lake township ($41,326), Sandycreek township ($49,233), Mineral township ($35,622), and Frenchcreek township ($40,107). But it's more than 16323 ($34,466), 16153 ($33,359), 16374 ($33,130), 16362 ($33,169), Mercer County ($33,320), Venango County ($33,044), Victory township ($35,095), Polk borough ($21,262), and Clinton township ($28,173).

16342$35,301
Victory township$35,095
Polk borough$21,262
Sandycreek township$49,233
Sandy Lake township$41,326
Clinton township$28,173
Frenchcreek township$40,107
Irwin township$37,162
Mineral township$35,622
Venango County$33,044
Mercer County$33,320

16342 High Income Households

2.6% of households make over $200,000 a year. The percent high income households (2.6%) for 16342 is less than the percent high income households for 16145 (4.1%), 16038 (4.6%), 16362 (2.8%), 16323 (3.0%), 16153 (4.2%), Mercer County (4.2%), Venango County (3.0%), Victory township (6.1%), Sandycreek township (7.6%), Mineral township (2.8%), Irwin township (3.7%), Frenchcreek township (4.7%), and Sandy Lake township (5.6%). But it's more than 16374 (0.6%), Clinton township (1.3%), and Polk borough (0.0%).

163422.6%
Victory township6.1%
Polk borough0.0%
Sandycreek township7.6%
Sandy Lake township5.6%
Clinton township1.3%
Frenchcreek township4.7%
Irwin township3.7%
Mineral township2.8%
Venango County3.0%
Mercer County4.2%

16342 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
16342$-1$73,125$76,250$49,250
Victory township$-1$101,250$42,308$70,000
Polk borough$-1$60,556$-1$36,429
Sandycreek township$-1$93,281$130,961$60,863
Sandy Lake township$-1$77,500$71,250$59,462
Clinton township$44,643$52,500$96,806$49,375
Frenchcreek township$-1$76,563$76,250$53,750
Irwin township$143,036$90,833$87,083$54,375
Mineral township$-1$73,750$90,625$48,750
Venango County$53,894$71,962$72,566$49,572
Mercer County$32,105$74,766$73,648$46,588

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 16342 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
16342+/-$12,930+/-$9,970+/-$5,371+/-1.3%+/-$-1+/-$23,435+/-$38,839+/-$8,982
Victory township+/-$14,004+/-$14,705+/-$6,291+/-4.2%+/-$-1+/-$32,283+/-$21,034+/-$16,652
Polk borough+/-$27,837+/-$11,620+/-$2,840+/-12.0%+/-$-1+/-$29,751+/-$-1+/-$14,496
Sandycreek township+/-$18,039+/-$13,286+/-$6,675+/-3.8%+/-$-1+/-$46,643+/-$1,582+/-$6,792
Sandy Lake township+/-$9,630+/-$15,295+/-$7,328+/-3.0%+/-$-1+/-$20,149+/-$16,987+/-$2,853
Clinton township+/-$8,438+/-$6,755+/-$3,861+/-1.5%+/-$15,081+/-$25,164+/-$11,786+/-$41,370
Frenchcreek township+/-$5,786+/-$14,165+/-$6,654+/-3.5%+/-$-1+/-$40,395+/-$12,149+/-$13,720
Irwin township+/-$11,501+/-$8,210+/-$3,425+/-2.0%+/-$109,966+/-$37,663+/-$35,756+/-$14,100
Mineral township+/-$11,792+/-$10,149+/-$3,948+/-2.3%+/-$-1+/-$71,066+/-$36,606+/-$6,993
Venango County+/-$2,362+/-$3,141+/-$1,212+/-0.6%+/-$13,651+/-$5,874+/-$5,819+/-$2,318
Mercer County+/-$2,091+/-$2,063+/-$841+/-0.6%+/-$13,533+/-$4,630+/-$2,793+/-$2,603