Lower Merion Average Income, Population and Demographics

Are you tired of spending 10+ hours searching for demographic and population data for Lower Merion, Pennsylvania? We have all of the data you need by state, county, city, and zip code that will save you many hours of research!

In this article, we'll explore most of the 190+ data points we have for Lower Merion, covering popular demographics statistics like household income, race, age and gender, educational attainment, poverty, housing, and transportation.

The data on this page is from the 2022 American Community Survey (ACS) 5-Year survey from the US Census Bureau.

Median Household Income

According to the latest ACS 5-year survey in 2022, the median household income in Lower Merion is $160,572.00.

The chart below shows the average household income by age in Lower Merion.

• Under 25
  $31,815.00
• 25 to 44
  $181,862.00
• 45 to 64
  $220,019.00
• 65 and over
  $115,292.00

Average Household Income

A very commonly asked question is "what is the average household income in Lower Merion, Pennsylvania?". The official term for the average household income is the mean household income. The mean household income is the total income of all households divided by the number of households.

The average (or mean) household income in Lower Merion is $263,780.00.

42.69% of households in Lower Merion, Pennsylvania are classed as high income households (making $200,000+ per year).

Household Income Tiers for Lower Merion

We can also look at the household income tiers. This lets you see how many households fall into each of the earnings brackets and what percentage that bracket is of the total number of households.

The chart below shows the household income brackets to see which age groups have the highest median income. The actual data is more granular than these brackets, but we've simplified them into bigger categories to make reviewing the data for Lower Merion, Pennsylvania easier to view.

You can purchase the raw data above, which will have the full income tiers with smaller jumps in household income.

• Less than $24,999
  7.95%
• $25,000 to $49,999
  8.91%
• $50,000 to $74,999
  8.15%
• $75,000 to $99,999
  8.53%
• $100,000 to $149,999
  13.67%
• $150,000 to $199,999
  10.09%
• $200,000 or more
  42.69%

Per Capita Income

The per capita income is the average income of all people in Lower Merion, Pennsylvania. This is calculated by dividing the total income of all people in Lower Merion by the total number of people in Lower Merion.

It differs from the average or mean household income because it includes all people in Lower Merion and not just the people who earn an income (i.e. children, retirees, unemployed, etc.).

The per capita income in Lower Merion, Pennsylvania is $101,997.00.

Population in Lower Merion by Race and Ethnicity

The total population in Lower Merion is currently 63,567 people.

The race and ethnicity of the population in Lower Merion can be very important for social research, economics, and marketing to a multi-culturial society.

Whether you want to target products or services to a particular race or ethnicity, or provide housing and new businesses to improve areas with a larger ethnic minority population, this data is very valuable for discovering suitable areas.

The chart below breaks down the population and percentage for each race and ethnicity in Lower Merion, Pennsylvania.

• 1.90% White
  1,186
• 96.20% Black/African American
  61,156
• 76.90% Native
  48,905
• 2.70% Hispanic
  1,732
• 6.30% Asian
  3,992
• 0.10% Hawaiian/Pacific Islander
  40
• 0.10% Two or more races
  42
• 7.90% Other
  5,007

Population of Lower Merion by Age and Gender

Another very important demographics statistic for Lower Merion, Pennsylvania is the age and gender of the population. The age and gender of the population can be used to track trends in population growth or decline, and for businesses, the data can be used to identify people important to you and your business need.

In the table below, we show age groups at a 10 year granularity for ease of use. The raw data, which can be purchased above, includes age and gender at a 5 year granularity.

Education Levels

Educational attainment is a very useful statistic that can give insights into other data such as the average household income, unemployment levels, and literacy.

What this means is that it is likely for areas that have higher levels of education to have higher average household incomes, lower unemployment rates, and higher literacy rates.

The chart below shows the educational attainment of the population in Lower Merion, Pennsylvania.

• Master's degree or higher
  35.92%
• Bachelor's degree
  47.81%
• Some college or associate's degree
  2.17%
• High school diploma or equivalent
  13.45%
• Less than high school diploma
  0.65%

Unemployment Rates

The unemployment rate is the percentage of the population that is actively looking for work but is unable to find a job. The unemployment rate is a very important statistic for Lower Merion because it can show how many people are actively looking for work and how many people are unable to find a job.

Lower levels of unemployment is generally seen as a positive sign for the economy. It also makes the government in Lower Merion look good because it shows that they are doing a good job of creating jobs, working to capacity, being efficient, and keeping the economy strong.

The unemployment rate is calculated using the total population in Lower Merion, Pennsylvania that are over the age of 16.

The current population in Lower Merion that are over the age of 16 is 49,610 people.

The unemployment rate in Lower Merion is 4.10%, which means 1,318 people are unemployed.

Median Age in Lower Merion

The median age is an interesting metric because it gives us an idea of the age distribution of people in Lower Merion, Pennsylvania. You know when you see a median age that it is the age where half of the population is older and half is younger than it.

For demographic studies, this can be used to infer and compare date to things such as birth rates, the age of parents, and so on.

An increasing median age can be a sign of an aging population, which can be a sign of a declining population. This is because older people tend to have fewer children and die more often than younger people.

The median age in Lower Merion is 41.8 years old.

We can also look at the median age by gender to compare the see how each group compares to the total median age:

Median age by gender in Lower Merion

41.8

Total

41.2

Male

43

Female

Households and Families

There are a total of 24,107 households in Lower Merion, and the average household size is 2.49 people.

For families, the total number is 16,433, and the average family size is 3.07 people.

3.40% of those families in Lower Merion, Pennsylvania are living below the poverty line.

The table below shows the poverty thresholds for Lower Merion in .

Households and Families by Marital Status

There are four types of household and family, as defined by the Census Bureau:

• Married-couple
• Male householder, no spouse present
• Female householder, no spouse present
• Nonfamily household

In the table below, you can see the total households and families in Lower Merion, Pennsylvania for each type, as well as the average sizes.

Housing Data in Lower Merion

There are total of 25,373 housing units in Lower Merion, Pennsylvania. Of those units, 24,107 (95.01%) are occupied, and 1,266 (4.99%) are vacant.

Rental Rates

Of the 25,373 housing units in Lower Merion, 5,773 (22.75%) are occupied by renters. The median rent paid by renters is $1,792.00.

Owner occupied housing units make up the remaining 70.89% of housing units, with 17,987 housing units in total.

The table below breaks down how much rent is paid by renters in Lower Merion, Pennsylvania.

• No rent paid
  347
• Less than $500
  147
• $500 to $999
  490
• $1,000 to $1,499
  1,280
• $1,500 to $1,999
  1,659
• $2,000 to $2,499
  1,109
• $2,500 to $2,999
  429
• $3,000 or more
  659

Property Values

The median value of a property in Lower Merion is $747,300.00.

The table below breaks down the range of valuations for all properties in Lower Merion.

• Less than $50,000
  202
• $50,000 to $99,999
  162
• $100,000 to $149,999
  201
• $150,000 to $199,999
  606
• $200,000 to $299,999
  1,088
• $300,000 to $499,999
  3,163
• $500,000 to $999,999
  7,406
• $1,000,000 or more
  5,159

Property Age

We can also look at the number of properties built in a given year to see the spread of property age in Lower Merion, Pennsylvania.

• 1939 or earlier
  8,221
• 1940 to 1949
  2,712
• 1950 to 1959
  4,308
• 1960 to 1969
  3,342
• 1970 to 1979
  2,157
• 1980 to 1989
  1,625
• 1990 to 1999
  747
• 2000 to 2009
  978
• 2010 to 2013
  1,227
• 2014 or later
  56

Vehicles Available per Household

Finally, we have data on how many vehicles each household in Lower Merion has. The table below breaks down the number of vehicles available per household.

• No vehicles available
  1,464
• 1 vehicle available
  8,398
• 2 vehicles available
  10,378
• 3 or more vehicles available
  3,867

Commuting to Work in Lower Merion

The time and means of commuting to work are useful metrics to look at because they can be correlated against other data such as income and education level.

Does a longer commuting time indicate a higher average income? If so, has the huge increase in home working during the pandemic changed this?

Using these metrics, we can get a better understanding of the demographics of Lower Merion, Pennsylvania, how they commute, and how that correlates to other data points.

The average travel time is 28.2 minutes, and the chart below covers the range of travel times across the population of Lower Merion.

• Less than 5 minutes
  529
• 5 to 9 minutes
  1,956
• 10 to 14 minutes
  2,479
• 15 to 19 minutes
  2,247
• 20 to 24 minutes
  2,778
• 25 to 29 minutes
  1,720
• 30 to 34 minutes
  3,950
• 35 to 39 minutes
  1,185
• 40 to 44 minutes
  1,493
• 45 to 59 minutes
  2,365
• 60 to 89 minutes
  894
• 90 or more minutes
  526

We can also look at the means of transport in Lower Merion to see which modes of transport people are using to commute to work.

• Drove alone
  16,198
• Carpooled
  1,523
• Public transportation
  2,450
• Walked
  1,672
• Other means
  279
• Worked from home
  8,001

Conclusion

Hopefully this article has given you the demographics data you were looking for in Lower Merion, Pennsylvania.

If you need more demographics data, or you need the data listed above in spreadsheet form with more granular grouping, head back to the top of this page where you can purchase the complete demographics data for Lower Merion.

Link To or Reference This Page

We spent a lot of time downloading, cleaning, merging, and formatting the data that is shown on the site.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference Name Census as the source. We appreciate your support!