16342 Map

16342 Income Statistics

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Comparison to Surrounding Areas

16342 Median Household Income

The median household income ($67,946) for 16342 is less than the median household income for 16038 ($70,625) and Sandycreek township ($88,750). But it's more than 16153 ($64,103), 16145 ($59,866), 16374 ($53,696), 16362 ($64,063), 16323 ($59,274), Mercer County ($57,353), Venango County ($59,278), Polk borough ($58,611), Victory township ($65,417), Mineral township ($65,893), Irwin township ($67,292), Frenchcreek township ($64,688), Clinton township ($64,722), and Sandy Lake township ($61,786).

16342$67,946
Victory township$65,417
Polk borough$58,611
Sandycreek township$88,750
Sandy Lake township$61,786
Clinton township$64,722
Frenchcreek township$64,688
Irwin township$67,292
Mineral township$65,893
Venango County$59,278
Mercer County$57,353

16342 Average Household Income

The average household income ($78,293) for 16342 is less than the average household income for 16038 ($97,750), 16362 ($78,749), Sandy Lake township ($79,849), Frenchcreek township ($89,110), Irwin township ($86,842), and Sandycreek township ($107,305). But it's more than 16153 ($75,864), 16145 ($77,923), 16374 ($67,262), 16323 ($77,023), Mercer County ($75,590), Venango County ($73,406), Victory township ($76,479), Polk borough ($59,671), Mineral township ($77,426), and Clinton township ($69,294).

16342$78,293
Victory township$76,479
Polk borough$59,671
Sandycreek township$107,305
Sandy Lake township$79,849
Clinton township$69,294
Frenchcreek township$89,110
Irwin township$86,842
Mineral township$77,426
Venango County$73,406
Mercer County$75,590

16342 Per-Capita Income

The per-capita income for 16342 is $33,611. The per capita income ($33,611) for 16342 is less than the per capita income for 16038 ($39,721), 16145 ($34,862), 16323 ($33,794), Mineral township ($37,060), Sandy Lake township ($36,631), Sandycreek township ($45,083), Frenchcreek township ($39,933), and Irwin township ($36,325). But it's more than 16362 ($33,371), 16153 ($30,880), 16374 ($31,575), Mercer County ($32,081), Venango County ($31,667), Victory township ($30,047), Polk borough ($21,014), and Clinton township ($26,072).

16342$33,611
Victory township$30,047
Polk borough$21,014
Sandycreek township$45,083
Sandy Lake township$36,631
Clinton township$26,072
Frenchcreek township$39,933
Irwin township$36,325
Mineral township$37,060
Venango County$31,667
Mercer County$32,081

16342 High Income Households

2.7% of households make over $200,000 a year. The percent high income households (2.7%) for 16342 is more than 16145 (1.9%), 16038 (4.8%), 16374 (1.6%), 16362 (3.0%), 16323 (3.0%), 16153 (2.4%), Mercer County (3.9%), Venango County (2.3%), Sandycreek township (7.3%), Victory township (4.5%), Polk borough (0.0%), Mineral township (3.0%), Irwin township (4.0%), Frenchcreek township (5.4%), Clinton township (1.3%), and Sandy Lake township (3.0%).

163422.7%
Victory township4.5%
Polk borough0.0%
Sandycreek township7.3%
Sandy Lake township3.0%
Clinton township1.3%
Frenchcreek township5.4%
Irwin township4.0%
Mineral township3.0%
Venango County2.3%
Mercer County3.9%

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$75,833$80,066$50,938
Victory township$-1$82,083$50,938$56,875
Polk borough$-1$66,250$49,583$48,250
Sandycreek township$-1$105,000$125,616$57,625
Sandy Lake township$-1$70,625$71,667$56,942
Clinton township$45,000$45,833$89,375$67,188
Frenchcreek township$-1$87,500$79,375$49,500
Irwin township$135,938$93,000$91,563$46,154
Mineral township$-1$95,833$97,969$46,500
Venango County$35,463$66,463$68,629$48,141
Mercer County$29,496$70,301$70,851$43,125

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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 2022 5-year estimates. You can find this information and other demographics for 16342 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 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+/-$11,383+/-$9,204+/-$5,003+/-1.2%+/-$-1+/-$12,706+/-$29,081+/-$11,166
Victory township+/-$10,092+/-$13,761+/-$4,800+/-4.6%+/-$-1+/-$35,916+/-$21,938+/-$23,714
Polk borough+/-$22,956+/-$10,525+/-$3,093+/-11.7%+/-$-1+/-$26,228+/-$49,485+/-$10,371
Sandycreek township+/-$14,725+/-$11,741+/-$6,249+/-3.0%+/-$-1+/-$47,433+/-$6,437+/-$12,035
Sandy Lake township+/-$12,137+/-$11,528+/-$4,936+/-2.1%+/-$-1+/-$23,614+/-$13,061+/-$2,724
Clinton township+/-$12,074+/-$7,407+/-$3,908+/-1.8%+/-$4,218+/-$18,660+/-$9,505+/-$32,248
Frenchcreek township+/-$7,810+/-$15,275+/-$6,631+/-3.8%+/-$-1+/-$49,302+/-$8,812+/-$11,113
Irwin township+/-$13,092+/-$8,716+/-$3,237+/-1.9%+/-$95,289+/-$24,500+/-$29,272+/-$4,087
Mineral township+/-$13,109+/-$9,797+/-$3,769+/-2.5%+/-$-1+/-$77,444+/-$42,481+/-$11,123
Venango County+/-$2,044+/-$2,618+/-$1,093+/-0.4%+/-$13,824+/-$6,770+/-$5,338+/-$3,126
Mercer County+/-$2,084+/-$2,669+/-$1,063+/-0.6%+/-$8,461+/-$3,245+/-$2,996+/-$1,807