What is Considered the Median Income of Queen Anne, Seattle?
Queen Anne, a prestigious neighborhood in Seattle, boasts a high cost of living, reflected in its median income. Pinpointing an exact figure requires considering data sources and the timeframe, as these figures fluctuate. However, we can explore various data points and provide a comprehensive overview.
Understanding Median Income: It's crucial to differentiate between median and average income. The median income represents the middle point in a dataset; half the households earn more, and half earn less. The average (or mean) income, on the other hand, can be skewed by extremely high or low earners. For a true representation of the typical household income in Queen Anne, the median is a more accurate indicator.
Where to Find Reliable Data on Queen Anne's Median Income?
Several reputable sources provide data on median household income for specific neighborhoods within Seattle. These include:
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U.S. Census Bureau: This is the primary source for official demographic data, including income levels. Their American Community Survey (ACS) provides detailed information broken down by census tracts, which often align with neighborhoods like Queen Anne. However, finding precisely defined Queen Anne boundaries within census tract data might require some research and interpretation.
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Zillow, Redfin, and other real estate websites: While not solely focused on income, these sites often include median income data alongside their property listings and neighborhood overviews. They typically draw on data from the Census Bureau or similar sources. Keep in mind that their data might be slightly less granular or updated less frequently than the Census Bureau's direct data.
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Seattle City Government Data Portals: The city of Seattle may have its own data portals that aggregate information from various sources, potentially offering a convenient overview of neighborhood-specific income statistics.
What is the Approximate Median Income Range for Queen Anne?
Precise numbers vary depending on the year and data source, but generally, the median household income in Queen Anne is significantly higher than the Seattle average and the national average. Expect to find figures within a range reflecting a high cost of living area. You'll likely see numbers in the $150,000 to $250,000+ annual range, but this is a broad estimate and further research using the resources mentioned above will give a more precise answer for a specific year.
What Factors Influence Queen Anne's High Median Income?
Several factors contribute to Queen Anne's high median income:
- High Property Values: Queen Anne is known for its expensive real estate, reflecting its desirable location, views, and established housing stock. Higher property values often correlate with higher incomes among residents.
- Desirable Location and Amenities: The neighborhood's proximity to downtown Seattle, its parks, and its vibrant community contribute to its high demand and therefore, higher housing costs and incomes.
- Employment Opportunities: Queen Anne's location makes it convenient for residents to work in various sectors within Seattle, including technology, healthcare, and professional services, offering high-paying job opportunities.
How Does Queen Anne's Median Income Compare to Other Seattle Neighborhoods?
Queen Anne consistently ranks among the Seattle neighborhoods with the highest median incomes, surpassing many other areas significantly. A comparison across different neighborhoods would require referencing specific data from the sources mentioned earlier.
What is the Cost of Living in Queen Anne Related to Median Income?
Queen Anne's cost of living is extremely high, encompassing housing, transportation, groceries, and other expenses. While the median income is substantial, the cost of living often requires a significant portion of that income, particularly for housing.
By utilizing the resources listed above and specifying the year you're interested in, you can obtain a more precise figure for Queen Anne's median income. Remember to always cite your source when using this information.
