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24016 Map

24016 Income Statistics

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Comparison to Surrounding Areas

24016 Median Household Income

The median household income ($40,664) for 24016 is less than the median household income for 24017 ($43,097), 24014 ($58,738), 24015 ($67,295), 24011 ($59,700), 24012 ($50,857), 24013 ($51,858), Roanoke city/county ($51,523), and Roanoke city ($51,523). But it's more than 24022 ($-1).

24016$40,664
Roanoke city$51,523
Roanoke city/county$51,523

24016 Average Household Income

The average household income ($55,021) for 24016 is less than the average household income for 24017 ($59,463), 24014 ($106,927), 24015 ($85,845), 24011 ($83,065), 24012 ($66,762), 24013 ($59,677), Roanoke city/county ($73,683), and Roanoke city ($73,683). But it's more than 24022 ($-1).

24016$55,021
Roanoke city$73,683
Roanoke city/county$73,683

24016 Per-Capita Income

The per-capita income for 24016 is $27,567. The per capita income ($27,567) for 24016 is less than the per capita income for 24011 ($57,181), 24012 ($29,429), 24014 ($51,269), 24015 ($37,984), Roanoke city/county ($33,206), and Roanoke city ($33,206). But it's more than 24013 ($20,472), 24017 ($26,487), and 24022 ($-1).

24016$27,567
Roanoke city$33,206
Roanoke city/county$33,206

24016 High Income Households

1.1% of households make over $200,000 a year. The percent high income households (1.1%) for 24016 is more than 24022 (-1.0%), 24015 (7.0%), 24017 (1.2%), 24011 (6.6%), 24012 (3.4%), 24013 (1.3%), 24014 (13.6%), Roanoke city/county (5.0%), and Roanoke city (5.0%).

240161.1%
Roanoke city5.0%
Roanoke city/county5.0%

24016 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
24016$31,346$43,226$42,654$22,639
Roanoke city$27,603$60,024$56,138$39,453
Roanoke city/county$27,603$60,024$56,138$39,453

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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 24016 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+
24016+/-$4,584+/-$8,166+/-$4,018+/-0.8%+/-$15,651+/-$3,733+/-$13,695+/-$20,220
Roanoke city+/-$2,303+/-$3,277+/-$1,428+/-0.9%+/-$9,014+/-$4,545+/-$3,128+/-$3,061
Roanoke city/county+/-$2,303+/-$3,277+/-$1,428+/-0.9%+/-$9,014+/-$4,545+/-$3,128+/-$3,061