16740 Map

16740 Income Statistics

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Comparison to Surrounding Areas

16740 Median Household Income

The median household income ($47,222) for 16740 is less than the median household income for 16749 ($70,114), 15834 ($47,880), 15870 ($58,750), 16735 ($58,496), 16738 ($64,450), McKean County ($61,705), Hamlin township ($49,196), Lafayette township ($64,702), Mount Jewett borough ($52,969), and Sergeant township ($52,083). But it's more than 16733 ($43,438).

16740$47,222
Hamlin township$49,196
Lafayette township$64,702
Mount Jewett borough$52,969
Sergeant township$52,083
McKean County$61,705

16740 Average Household Income

The average household income ($59,328) for 16740 is less than the average household income for 16749 ($89,955), 15870 ($84,934), 16733 ($60,146), 16735 ($78,904), 16738 ($71,694), McKean County ($79,327), Hamlin township ($64,494), Lafayette township ($71,984), Mount Jewett borough ($64,041), and Sergeant township ($79,114). But it's more than 15834 ($58,859).

16740$59,328
Hamlin township$64,494
Lafayette township$71,984
Mount Jewett borough$64,041
Sergeant township$79,114
McKean County$79,327

16740 Per-Capita Income

The per-capita income for 16740 is $24,935. The per capita income ($24,935) for 16740 is less than the per capita income for 15834 ($28,624), 15870 ($40,334), 16735 ($32,550), 16749 ($38,027), McKean County ($32,353), Mount Jewett borough ($29,506), and Sergeant township ($40,670). But it's more than 16733 ($23,059), 16738 ($18,209), Hamlin township ($24,871), and Lafayette township ($17,832).

16740$24,935
Hamlin township$24,871
Lafayette township$17,832
Mount Jewett borough$29,506
Sergeant township$40,670
McKean County$32,353

16740 High Income Households

1.1% of households make over $200,000 a year. The percent high income households (1.1%) for 16740 is less than the percent high income households for 16749 (4.5%), 15870 (8.4%), 16733 (7.2%), 16735 (5.5%), 16738 (3.3%), 15834 (2.1%), McKean County (4.7%), Hamlin township (1.7%), Lafayette township (3.5%), and Sergeant township (9.1%). But it's more than Mount Jewett borough (0.7%).

167401.1%
Hamlin township1.7%
Lafayette township3.5%
Mount Jewett borough0.7%
Sergeant township9.1%
McKean County4.7%

16740 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
16740$-1$72,917$52,708$33,125
Hamlin township$-1$63,750$53,977$43,625
Lafayette township$-1$90,417$49,750$52,917
Mount Jewett borough$-1$73,750$54,792$27,500
Sergeant township$-1$38,333$-1$51,250
McKean County$54,837$70,870$74,438$45,843

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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 16740 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+
16740+/-$6,120+/-$7,424+/-$4,961+/-1.1%+/-$-1+/-$21,988+/-$6,913+/-$10,210
Hamlin township+/-$9,779+/-$8,331+/-$4,613+/-2.4%+/-$-1+/-$9,047+/-$44,574+/-$6,384
Lafayette township+/-$14,863+/-$11,011+/-$2,489+/-2.9%+/-$-1+/-$19,521+/-$38,233+/-$15,267
Mount Jewett borough+/-$7,350+/-$8,725+/-$4,812+/-1.1%+/-$-1+/-$20,503+/-$4,361+/-$6,592
Sergeant township+/-$32,672+/-$25,100+/-$15,594+/-7.2%+/-$-1+/-$13,755+/-$-1+/-$17,219
McKean County+/-$3,002+/-$3,723+/-$1,500+/-0.9%+/-$7,486+/-$5,101+/-$4,644+/-$2,710