16342 Income Statistics

Comparison to Surrounding Areas

16342 Median Household Income

The median household income ($63,750) for 16342 is less than the median household income for 16038 ($72,850), 16145 ($67,321), 16362 ($65,833), Mineral township ($65,000), Clinton township ($65,313), Victory township ($73,000), Sandycreek township ($87,794), Frenchcreek township ($69,044), and Irwin township ($69,231). But it's more than 16323 ($62,562), 16374 ($57,829), Mercer County ($59,976), Venango County ($61,522), Sandy Lake township ($61,458), and Polk borough ($36,786). And it's the same as 16153 ($63,750).

16342$63,750
Victory township$73,000
Polk borough$36,786
Sandycreek township$87,794
Sandy Lake township$61,458
Clinton township$65,313
Frenchcreek township$69,044
Irwin township$69,231
Mineral township$65,000
Venango County$61,522
Mercer County$59,976

Get Median Household Income for all Zip Codes in Pennsylvania.

16342 Average Household Income

The average household income ($78,377) for 16342 is less than the average household income for 16038 ($87,608), 16362 ($87,343), 16323 ($79,152), 16153 ($81,112), 16145 ($90,328), Mercer County ($79,381), Victory township ($92,225), Sandycreek township ($103,491), Irwin township ($86,537), Frenchcreek township ($90,671), and Sandy Lake township ($91,589). But it's more than 16374 ($71,494), Venango County ($75,995), Clinton township ($74,163), Mineral township ($75,830), and Polk borough ($54,448).

16342$78,377
Victory township$92,225
Polk borough$54,448
Sandycreek township$103,491
Sandy Lake township$91,589
Clinton township$74,163
Frenchcreek township$90,671
Irwin township$86,537
Mineral township$75,830
Venango County$75,995
Mercer County$79,381

Get Average Household Income for all Zip Codes in Pennsylvania.

16342 Per-Capita Income

The per-capita income for 16342 is $35,708. The per capita income ($35,708) for 16342 is less than the per capita income for 16038 ($36,736), 16145 ($39,060), 16362 ($36,500), Mineral township ($37,677), Sandy Lake township ($41,533), Victory township ($37,106), Sandycreek township ($46,030), Frenchcreek township ($42,434), and Irwin township ($37,981). But it's more than 16323 ($35,174), 16374 ($34,991), 16153 ($34,432), Venango County ($32,994), Mercer County ($34,033), Polk borough ($22,491), and Clinton township ($29,644).

16342$35,708
Victory township$37,106
Polk borough$22,491
Sandycreek township$46,030
Sandy Lake township$41,533
Clinton township$29,644
Frenchcreek township$42,434
Irwin township$37,981
Mineral township$37,677
Venango County$32,994
Mercer County$34,033

Get Per-Capita Income for all Zip Codes in Pennsylvania.

16342 High Income Households

3.1% of households make over $200,000 a year. The percent high income households (3.1%) for 16342 is less than the percent high income households for 16145 (4.0%), 16038 (4.8%), 16362 (4.8%), 16323 (3.3%), 16153 (4.4%), Mercer County (4.6%), Venango County (3.2%), Victory township (6.7%), Sandycreek township (4.8%), Mineral township (4.1%), Irwin township (3.9%), Frenchcreek township (5.2%), and Sandy Lake township (5.8%). But it's more than 16374 (1.2%), Clinton township (2.1%), and Polk borough (0.0%).

163423.1%
Victory township6.7%
Polk borough0.0%
Sandycreek township4.8%
Sandy Lake township5.8%
Clinton township2.1%
Frenchcreek township5.2%
Irwin township3.9%
Mineral township4.1%
Venango County3.2%
Mercer County4.6%

Get High Income Households for all Zip Codes in Pennsylvania.

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$82,500$73,750$48,026
Victory township$-1$100,833$55,500$69,000
Polk borough$-1$62,679$63,125$31,250
Sandycreek township$-1$91,875$133,348$57,679
Sandy Lake township$-1$67,875$75,000$59,545
Clinton township$85,250$42,917$101,563$33,125
Frenchcreek township$-1$95,313$74,375$54,583
Irwin township$-1$90,625$82,404$49,808
Mineral township$-1$106,875$81,042$45,417
Venango County$50,288$70,895$75,299$48,349
Mercer County$29,909$76,075$74,173$46,800

Get Median Household Income by Age of Householder for all Zip Codes in Pennsylvania.

16342 Map

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About the Data

Data Sources

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 16342 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2024 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2024 inflation-adjusted dollars) By Age Of Householder

Margins of Error

Margins of error for the 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+/-$17,384+/-$11,585+/-$5,938+/-1.3%+/-$-1+/-$21,326+/-$44,234+/-$3,787
Victory township+/-$14,050+/-$13,065+/-$5,749+/-4.6%+/-$-1+/-$34,285+/-$18,866+/-$8,943
Polk borough+/-$33,818+/-$9,712+/-$3,060+/-13.7%+/-$-1+/-$48,229+/-$55,808+/-$13,453
Sandycreek township+/-$19,182+/-$13,877+/-$7,037+/-2.5%+/-$-1+/-$41,143+/-$22,373+/-$9,118
Sandy Lake township+/-$13,006+/-$16,377+/-$8,709+/-2.7%+/-$-1+/-$29,780+/-$18,091+/-$8,347
Clinton township+/-$21,297+/-$9,821+/-$4,514+/-1.6%+/-$28,311+/-$22,633+/-$33,203+/-$12,200
Frenchcreek township+/-$11,766+/-$13,928+/-$6,108+/-3.1%+/-$-1+/-$49,449+/-$17,537+/-$17,860
Irwin township+/-$6,778+/-$7,711+/-$3,701+/-1.7%+/-$-1+/-$31,555+/-$36,668+/-$4,844
Mineral township+/-$28,446+/-$11,597+/-$4,191+/-2.8%+/-$-1+/-$85,483+/-$39,312+/-$14,126
Venango County+/-$2,262+/-$1,905+/-$805+/-0.5%+/-$19,875+/-$6,334+/-$4,765+/-$3,110
Mercer County+/-$1,687+/-$2,166+/-$885+/-0.6%+/-$8,972+/-$3,731+/-$3,680+/-$1,816