For the past eight years, the median household income in Montgomery County has remained below the level during the Great Recession. Moreover, median household incomes have yet to recover to the 1999 benchmark of $101,824 after the precipitous drop in 2010 to $96,913 (illustrated in Figure 1). The median household income – the income at which half of the households are above and half are below – adjusted for inflation, dropped 5.8 percent (-$6,063) from its peak in 2007 to $98,917 in 2015. The latest estimate is 2.9 percent lower than the adjusted 1999 median household income of $101,824.
Figure 1. Montgomery County Median Household Income 1999-2015 (constant 2015 dollars)
Still considered one of the wealthiest counties in … Continue reading