What is the median household income in the Town of Penfield, NY?
The median household income in the Town of Penfield, NY is $119,154 (±$5,186) a year (2020–2024 American Community Survey).
Paying the median gross rent of $1,473 a month would take about $58,900 a year at the common guideline of spending no more than 30% of income on rent.
In the Town of Penfield, the median household income went from $84,916 in 2015–2019 to $119,154 in 2020–2024 (+40.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median household income
- $119,154 (±$5,186)
- Median renter income
- $60,489 (±$6,758)
- Income to afford median rent
- about $58,900
Income in the Town of Penfield against Monroe County, its state and the nation
| Town of Penfield | Monroe County | New York | United States | |
|---|---|---|---|---|
| Median household income | $119,154 (±$5,186) | $76,382 (±$1,188) | $85,974 (±$402) | $80,734 |
| Median renter household income | $60,489 (±$6,758) | $43,830 (±$1,527) | $57,803 (±$395) | $52,966 |
| Median owner household income | $132,671 (±$8,985) | $101,545 (±$1,577) | $114,563 (±$568) | $100,009 |
| Median gross rent | $1,473 (±$120) | $1,173 (±$12) | $1,621 (±$7) | $1,413 |
In the Town of Penfield, median household income is higher than in Monroe County ($76,382).
It is also higher than in New York ($85,974).
It is higher than the national figure ($80,734).
In Monroe County, the Town of Penfield ranks 4 of 21 places with a published estimate, from highest to lowest median household income.
Statewide, it ranks 65 of 999.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How much you need to earn to rent in the Town of Penfield
Many landlords and housing programs use 30% of gross income as the most a household should spend on rent.
At that guideline, the median gross rent of $1,473 a month ($17,676 a year) needs an income of about $58,900 a year.
The median renting household in the Town of Penfield earns $60,489 a year.
This is arithmetic on the published medians, not a rule any landlord must follow; screening criteria vary and some places limit how income may be weighed.
Income against housing costs since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median household income | $84,916 (±$5,068) | $119,154 (±$5,186) | +40.3% | Up after inflation |
| Median gross rent | $986 (±$49) | $1,473 (±$120) | +49.4% | Up after inflation |
| Median home value | $208,400 (±$6,825) | $291,500 (±$11,887) | +39.9% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median household income in places near the Town of Penfield
| Place | Distance | Median household income | Compared with this place |
|---|---|---|---|
| Town of Penfield | — | $119,154 (±$5,186) | — |
| Town of East Rochester | 3.5 mi | $73,344 (±$10,488) | Lower |
| Village of East Rochester | 3.5 mi | $73,344 (±$10,488) | Lower |
| Village of Fairport | 3.6 mi | $107,009 (±$24,066) | Not measurably different |
| Village of Webster | 4.6 mi | $70,495 (±$9,351) | Lower |
| Town of Perinton | 5.1 mi | $112,093 (±$4,940) | Not measurably different |
| Town of Webster | 5.4 mi | $94,313 (±$3,727) | Lower |
| Village of Pittsford | 5.6 mi | $119,211 (±$21,894) | Not measurably different |
| Gananda | 5.7 mi | $109,761 (±$15,478) | Not measurably different |
Nearby places with a measurably lower figure: Town of East Rochester, NY ($73,344), Village of East Rochester, NY ($73,344), Village of Webster, NY ($70,495).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median household income across Monroe County, place by place
| Rank | Place | Median household income |
|---|---|---|
| 1 | Town of Pittsford | $145,581 (±$9,656) |
| 2 | Town of Mendon | $131,778 (±$16,615) |
| 3 | Town of Rush | $122,519 (±$23,712) |
| 4 | Town of Penfield | $119,154 (±$5,186) |
| 5 | Town of Perinton | $112,093 (±$4,940) |
| 6 | Town of Riga | $100,750 (±$9,533) |
| 7 | Town of Webster | $94,313 (±$3,727) |
| 8 | Town of Parma | $93,558 (±$7,855) |
| 9 | Town of Ogden | $91,563 (±$7,254) |
| 10 | Town of Chili | $89,793 (±$6,818) |
Showing 10 of 21 places in Monroe County, ranked from highest to lowest.
A New York town includes the villages and hamlets inside it, so the figures for the Town of Penfield include them.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Town of Penfield
What is the median household income in the Town of Penfield?
The median household income in the Town of Penfield is $119,154 (±$5,186) a year (2020–2024 American Community Survey).
How much do you need to make to afford rent in the Town of Penfield?
About $58,900 a year, if rent is to stay at or below 30% of income at the median gross rent of $1,473 a month.
Have incomes in the Town of Penfield kept up with inflation?
In the Town of Penfield, the median household income went from $84,916 in 2015–2019 to $119,154 in 2020–2024 (+40.3%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
What do renters earn in the Town of Penfield?
The median renting household in the Town of Penfield, NY earns $60,489 (±$6,758) a year.
Sources
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Penfield town, Monroe County, New York
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Penfield town, Monroe County, New York
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Penfield town, Monroe County, New York
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Penfield town, Monroe County, New York
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Penfield town, Monroe County, New York
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Penfield town, Monroe County, New York
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Penfield town, Monroe County, New York (county subdivision:57144, in state:36 county:055).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B19013_001E, B19013_001M, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP03_0062E, DP03_0062M, B25119_003E, B25119_003M, B25119_002E, B25119_002M, DP04_0134E, DP04_0134M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in the Town of Penfield at a glance
- Median rent in the Town of Penfield
- Rent by bedrooms in the Town of Penfield
- Rent burden in the Town of Penfield
- Renters and owners in the Town of Penfield
- Home values in the Town of Penfield
- Homeowner costs in the Town of Penfield
- Property taxes in the Town of Penfield
- Types of homes in the Town of Penfield
- Bedrooms in the Town of Penfield
- Age of homes in the Town of Penfield
- Vacancy rate in the Town of Penfield
- Heating fuel in the Town of Penfield
- Commute and cars in the Town of Penfield
- Population growth in the Town of Penfield
- How long people stay in the Town of Penfield
- Crowding and facilities in the Town of Penfield
- New York landlord and tenant rules
- Housing across Monroe County
- New York places ranked by median household income
- Housing data for every place in New York