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16506 Income Statistics

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Comparison to Surrounding Areas

16506 Median Household Income

The median household income ($83,782) for 16506 is less than the median household income for 16415 ($100,867), Fairview township ($100,013), and McKean township ($93,304). But it's more than 16509 ($69,496), 16502 ($35,508), 16505 ($69,884), 16508 ($53,197), 16426 ($77,076), Erie County ($59,396), Millcreek township ($77,400), and Summit township ($69,577).

16506$83,782
Fairview township$100,013
McKean township$93,304
Millcreek township$77,400
Summit township$69,577
Erie County$59,396

16506 Average Household Income

The average household income ($105,765) for 16506 is less than the average household income for 16415 ($125,467) and Fairview township ($129,900). But it's more than 16509 ($84,743), 16426 ($84,711), 16502 ($48,003), 16505 ($103,692), 16508 ($65,645), Erie County ($79,353), McKean township ($96,460), Millcreek township ($98,741), and Summit township ($85,548).

16506$105,765
Fairview township$129,900
McKean township$96,460
Millcreek township$98,741
Summit township$85,548
Erie County$79,353

16506 Per-Capita Income

The per-capita income for 16506 is $43,944. The per capita income ($43,944) for 16506 is less than the per capita income for 16415 ($44,279), 16505 ($49,519), and Fairview township ($46,644). But it's more than 16509 ($36,990), 16426 ($35,727), 16502 ($21,906), 16508 ($30,594), Erie County ($32,858), McKean township ($37,733), Millcreek township ($42,617), and Summit township ($39,043).

16506$43,944
Fairview township$46,644
McKean township$37,733
Millcreek township$42,617
Summit township$39,043
Erie County$32,858

16506 High Income Households

10.7% of households make over $200,000 a year. The percent high income households (10.7%) for 16506 is more than 16509 (5.7%), 16415 (17.9%), 16426 (3.9%), 16502 (1.2%), 16505 (11.0%), 16508 (2.3%), Erie County (5.5%), Fairview township (20.2%), McKean township (4.0%), Millcreek township (9.2%), and Summit township (6.5%).

1650610.7%
Fairview township20.2%
McKean township4.0%
Millcreek township9.2%
Summit township6.5%
Erie County5.5%

16506 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
16506$40,809$98,267$110,680$56,313
Fairview township$-1$124,853$96,901$77,083
McKean township$28,681$100,125$110,417$67,232
Millcreek township$34,579$89,987$97,417$55,635
Summit township$-1$85,598$81,510$57,792
Erie County$28,569$65,432$74,410$46,897

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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 16506 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+
16506+/-$3,045+/-$5,892+/-$2,429+/-2.3%+/-$20,381+/-$7,258+/-$9,053+/-$8,197
Fairview township+/-$10,651+/-$11,589+/-$4,512+/-5.1%+/-$-1+/-$54,058+/-$18,630+/-$14,848
McKean township+/-$16,711+/-$10,766+/-$4,363+/-2.3%+/-$995+/-$25,843+/-$17,208+/-$29,527
Millcreek township+/-$4,316+/-$4,553+/-$1,891+/-1.4%+/-$8,687+/-$6,362+/-$7,493+/-$6,008
Summit township+/-$3,569+/-$7,470+/-$4,011+/-2.9%+/-$-1+/-$22,481+/-$26,118+/-$10,542
Erie County+/-$1,515+/-$1,561+/-$677+/-0.4%+/-$1,453+/-$3,986+/-$2,137+/-$1,917