What is Considered the Median Income of Queen Anne, Seattle?
Queen Anne, a charming neighborhood nestled on a hill overlooking Seattle's downtown core, is known for its stunning views, Victorian architecture, and vibrant community. Naturally, understanding its median income is crucial for anyone considering living, working, or investing in the area. Pinpointing an exact figure, however, requires careful consideration of data sources and definitions.
While there isn't a single, universally agreed-upon number for the median income of Queen Anne, we can explore various data sources and arrive at a reasonable estimate and understanding of the income levels. Different sources use varying methodologies and geographic boundaries, leading to slight variations in their reported figures.
What Data Sources Define Median Income?
Several key sources provide data on median income, each with its own strengths and weaknesses:
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U.S. Census Bureau: This is a primary source for demographic data, including income. Their data is often broken down by zip code, allowing for a relatively localized view. However, zip code boundaries don't always perfectly align with neighborhood boundaries, potentially leading to some inaccuracies.
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Zillow, Redfin, Realtor.com: These real estate websites often include median income data for neighborhoods as part of their market analysis. Their data is often derived from other sources and might focus more on the income of homeowners than the broader population.
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City of Seattle Data: The city itself may publish data reports on income levels within specific neighborhoods. These reports may use different methodologies or data sets than the Census Bureau.
How is Median Income Calculated?
The median income is the middle value in a range of incomes. It's calculated by arranging all incomes in a given area from lowest to highest and identifying the middle value. This is in contrast to the mean (average) income, which can be skewed by extremely high or low values. The median provides a more robust representation of typical income levels.
What Factors Influence Median Income Estimates?
Several factors can influence the median income figures reported for Queen Anne:
- Data Collection Methodology: Different organizations use different methodologies, affecting the results.
- Time Period: Income levels change over time, so the year of the data is crucial.
- Geographic Boundaries: The precise area defined as "Queen Anne" can vary.
- Data Sample Size: Larger sample sizes lead to more statistically reliable results.
What is a Reasonable Estimate of Queen Anne's Median Household Income?
Based on available data from various sources like the U.S. Census Bureau and real estate websites, a reasonable estimate for the median household income in Queen Anne, Seattle, falls within a range significantly higher than the Seattle average. Expect figures to generally reflect a high cost of living area. You'll find it's best to consult recent reports from the Census Bureau or reputable real estate data sites for the most up-to-date figures.
How Does Queen Anne's Median Income Compare to Other Seattle Neighborhoods?
Queen Anne consistently ranks among Seattle's higher-income neighborhoods. Its desirable location, quality housing stock, and excellent schools all contribute to its higher median income compared to other areas of the city.
Remember that any median income figure should be considered an estimate. The true median income can fluctuate depending on the data source and year collected. For the most accurate and up-to-date information, consult directly from the US Census Bureau website or other official sources.
