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16740 Map

16740 Income Statistics

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Comparison to Surrounding Areas

16740 Median Household Income

The median household income ($49,750) for 16740 is less than the median household income for 15870 ($52,813), 16749 ($62,917), 16738 ($67,841), 16735 ($53,445), McKean County ($57,861), Sergeant township ($52,500), Mount Jewett borough ($54,750), Lafayette township ($66,250), and Hamlin township ($51,500). But it's more than 15834 ($46,209) and 16733 ($47,679).

16740$49,750
Hamlin township$51,500
Lafayette township$66,250
Mount Jewett borough$54,750
Sergeant township$52,500
McKean County$57,861

16740 Average Household Income

The average household income ($63,240) for 16740 is less than the average household income for 15870 ($75,011), 16749 ($86,213), 16738 ($71,370), 16735 ($69,065), McKean County ($74,725), Sergeant township ($71,574), Mount Jewett borough ($67,968), Lafayette township ($70,772), and Hamlin township ($63,800). But it's more than 15834 ($56,612) and 16733 ($57,632).

16740$63,240
Hamlin township$63,800
Lafayette township$70,772
Mount Jewett borough$67,968
Sergeant township$71,574
McKean County$74,725

16740 Per-Capita Income

The per-capita income for 16740 is $26,451. The per capita income ($26,451) for 16740 is less than the per capita income for 15834 ($26,734), 15870 ($35,408), 16735 ($28,386), 16749 ($34,927), McKean County ($30,278), Mount Jewett borough ($30,887), and Sergeant township ($37,653). But it's more than 16733 ($21,351), 16738 ($19,352), Hamlin township ($23,857), and Lafayette township ($19,070).

16740$26,451
Hamlin township$23,857
Lafayette township$19,070
Mount Jewett borough$30,887
Sergeant township$37,653
McKean County$30,278

16740 High Income Households

2.9% of households make over $200,000 a year. The percent high income households (2.9%) for 16740 is more than 16749 (4.3%), 15834 (1.7%), 15870 (3.2%), 16733 (6.4%), 16735 (3.5%), 16738 (2.3%), McKean County (3.9%), Hamlin township (1.1%), Lafayette township (3.1%), Mount Jewett borough (2.9%), and Sergeant township (8.0%).

167402.9%
Hamlin township1.1%
Lafayette township3.1%
Mount Jewett borough2.9%
Sergeant township8.0%
McKean County3.9%

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$83,068$53,194$31,429
Hamlin township$-1$66,875$54,083$38,438
Lafayette township$-1$91,250$72,083$53,250
Mount Jewett borough$-1$82,841$54,028$27,250
Sergeant township$-1$-1$73,750$48,250
McKean County$51,250$65,020$71,454$42,633

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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 16740 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+
16740+/-$6,923+/-$8,021+/-$4,766+/-2.1%+/-$-1+/-$13,380+/-$5,433+/-$5,990
Hamlin township+/-$6,597+/-$7,494+/-$4,731+/-2.2%+/-$-1+/-$12,593+/-$24,444+/-$10,388
Lafayette township+/-$15,112+/-$9,367+/-$2,791+/-2.7%+/-$-1+/-$32,698+/-$27,945+/-$12,125
Mount Jewett borough+/-$4,987+/-$9,612+/-$5,168+/-2.2%+/-$-1+/-$15,578+/-$7,878+/-$7,048
Sergeant township+/-$28,500+/-$21,575+/-$13,248+/-8.2%+/-$-1+/-$-1+/-$16,830+/-$22,110
McKean County+/-$2,748+/-$3,246+/-$1,347+/-0.7%+/-$7,948+/-$6,772+/-$4,745+/-$3,452