Research Brief Highlights New ACS 1-Year Estimates
The U.S. Census Bureau released a new set of estimates from the American Community Survey (ACS) for the year 2024, providing new data for a variety of demographic and economic topics for the nation, states, and other areas with populations of 65,000 or more.
Key Findings for Pennsylvania:
- The median value of owner-occupied homes rose from $267,600 in 2023 to $277,600 in 2024.
- The homeowner vacancy rate fell from 0.8% in 2023 to 0.6% in 2024.
- About 6% of owned households (over 467,000) paid condo or HOA fees, with a median monthly fee of $148.
For more information, read this month’s brief.
Income, Poverty and Health Insurance Coverage in the United States: 2024
The U.S. Census Bureau reports that real median household income in 2024 was $83,730, little changed from 2023. The official poverty rate fell to 10.6%, while the Supplemental Poverty Measure held at 12.9%.
Health insurance coverage remained high, with 92% of Americans insured for all or part of the year; 27.1 million people (8%) were uninsured. Earnings rose for men but not women, narrowing the female-to-male pay ratio to 80.9%
Social Security continued to be the largest antipoverty program, lifting nearly 29 million people above the SPM poverty line.
Read more here.