Boom­ing econ­omy in Ch­ester County

Me­dian house­hold in­come in 2015 was $90,503 in county; other ’burbs also do­ing well

Daily Local News (West Chester, PA) - - FRONT PAGE - By Kath­leen E. Carey kcarey@21st-cen­tu­ry­media.com @dt­busi­ness on Twit­ter

Me­dian house­hold in­comes in Ch­ester County are up 6 per­cent, ac­cord­ing to the U.S. Cen­sus Bureau.

Me­dian house­hold in­come in the Philadel­phia sub­ur­ban area has con­sis­tently been on the rise and re­peated that trend last year, based on the U.S. Cen­sus Bureau’s re­lease of the 2015 Amer­i­can Com­mu­nity Sur­vey Thurs­day.

Delaware County had the high­est an­nual me­dian house­hold in­come in­crease at 7 per­cent be­tween 2014 and 2015, although Ch­ester and Mont­gomery coun­ties also ex­pe­ri­enced hikes in that pe­riod, 6 per­cent and 4 per­cent, re­spec­tively.

Nei­ther the coun­ties sur­round­ing the city of Philadel­phia, nor Penn­syl­va­nia, were ex­actly alone in re­port­ing in­creases in the me­dian house­hold in­come for the year. Thirty-nine states and the Dis­trict of Columbia ex­pe­ri­enced sim­i­lar spikes, with in­creases rang­ing from 1.8 per­cent in Con­necti­cut to 6.8 per­cent in Mon­tana.

Ac­cord­ing to the report, no state re­ported a de­crease in me­dian house­hold in­come in that year.

The sur­vey re­ported that the na­tional me­dian house­hold in­come in­creased 3.8 per­cent from 2014 to 2015, when the me­dian was recorded as $55,775. That was close to Penn­syl­va­nia’s 2015 me­dian at $55,702, a 4.5 per­cent in­crease over the pre­vi­ous year’s.

Com­par­a­tively in the Phila-

del­phia-Cam­den-Wilm­ing­ton met­ro­pol­i­tan area, the 2015 me­dian house­hold in­come was $65,123, $9,421 above the state av­er­age and 4.7 per­cent above the 2014 statis­tic of $62,223.

Here in the sub­urbs, Delaware County had the high­est year-over-year per­cent­age in­crease, re­port­ing a 2015 me­dian house­hold in­come of $67,584, or a more than 7 per­cent in­crease over the pre­vi­ous year’s me­dian. In Ch­ester County, the 2015 me­dian was $90,503 or 6 per­cent higher than last year; and in Mont­gomery County, it was $83,254, or 4 per­cent over last year’s fig­ure.

In a con­trast with fig­ures from a decade ago, each of the three coun­ties fared well.

Ch­ester County ex­pe­ri­enced the high­est per­cent in­crease – a whop­ping 24 per­cent – for me­dian house­hold in­come. In 2005, that num­ber was $72,690.

Mont­gomery County fol­lowed with a 22 per­cent in­crease this year com­pared to its 2005 me­dian house­hold in­come of $68,210.

Delaware County also had a sig­nif­i­cant hike at 21 per­cent over its decade-old in­come statis­tic of $55,630.

The Amer­i­can Com­mu­nity Sur­vey is com­piled by the U.S. Cen­sus Bureau, which sam­ples 3.5 mil­lion ad­dresses in the United States and Puerto Rico on 40 cat­e­gories in com­mu­ni­ties with pop­u­la­tions of 65,000 or more.

“The Amer­i­can Com­mu­nity Sur­vey al­lows us to track in­cre­men­tal changes across our na­tion on how Amer­i­cans live and work, year-to-year,” Cen­sus Bureau Di­rec­tor John H. Thompson said. “It helps peo­ple, busi­nesses and gov­ern­ments in all of our states and lo­cal com­mu­ni­ties bet­ter un­der­stand the needs of their pop­u­la­tions, the mar­kets in which they op­er­ate and the chal­lenges and op­por­tu­ni­ties they face.”

VINNY TEN­NIS - DAILY LO­CAL NEWS FILE PHOTO

Saint Gobain cel­e­brated the grand open­ing of its new head­quar­ters in East Whiteland in Oc­to­ber 2015.

GARY PULEO – DIG­I­TAL FIRST ME­DIA FILE PHOTO

Two years in the mak­ing, the cor­ri­dor that trans­formed The Plaza and The Court into the King of Prus­sia Mall was re­cently un­veiled.

DONNA ROVINS - DIG­I­TAL FIRST ME­DIA FILE PHOTO

Vol­un­teers from the hospi­tal­ity in­dus­tryin and around King of Prus­sia stuff wel­come bags in July to be pre­sented to Demo­cratic Con­ven­tion del­e­gates when they checked into their ho­tels.

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