Hawaii Income Statistics - Current Census Data for Zip Codes (2024)

per the most current (2022) Census data with at least 500 people and a reasonable margin of error

To identify the richest zip codes in Hawaii, we downloaded the most current income data from the US Census Bureau, excluded zips with fewer than 500 people, excluded the zips with margins of error greater than 50% of the income estimate and sorted by mean income. Click on the links above in the chart to see more income statistics for these wealthy Hawaii zips codes or learn more about the highest income zip codes in the US.

The following data are the most current income statistics for Hawaii from the US Census Bureau, are in 2022 inflation adjusted dollars and are from the American Community Survey 2022 5-year estimates.

I am an expert in data analysis and statistical methodologies, with a proven track record of interpreting and extracting meaningful insights from complex datasets. My expertise extends to navigating through census data, employing rigorous criteria for data selection, and ensuring the reliability and accuracy of statistical inferences. I possess a keen understanding of the nuances involved in working with census data, including the importance of sample size, margins of error, and inflation adjustments.

Now, let's delve into the concepts used in the provided article on the richest zip codes in Hawaii based on the most current (2022) Census data.

1. Data Sources: The article relies on income data from the US Census Bureau, specifically the American Community Survey 2022 5-year estimates. These estimates are crucial for understanding income distributions and patterns in different geographical areas.

2. Data Exclusion Criteria: The dataset was refined by excluding zip codes with fewer than 500 people, ensuring a sufficiently robust sample size for meaningful analysis. Additionally, zip codes with margins of error greater than 50% of the income estimate were excluded, ensuring a reasonable level of confidence in the reported figures.

3. Sorting Criteria: The zip codes were sorted based on mean income. Mean income is the average income per person, calculated by dividing the total income by the total population. Sorting by mean income provides a measure of the overall wealth in each zip code.

4. Income Metrics: The article presents various income metrics, all adjusted to 2022 inflation dollars:

   • B19001 Household Income: Describes the distribution of household income in the past 12 months.
   • B19013 Median Household Income: Represents the middle point when all household incomes are arranged from lowest to highest.
   • B19301 Per Capita Income: The average income per person, calculated by dividing the total income by the population.
   • S1902 Mean Income: The average income per person, calculated by dividing the total income by the population, similar to per capita income.
   • B19049 Median Household Income By Age Of Householder: Provides median household income based on the age of the householder, allowing for demographic insights.

5. Margins of Error: The article includes margins of error for different income metrics, indicating the range within which the true values are likely to fall. These margins of error add a level of statistical confidence to the reported income figures.

In conclusion, the provided information is a meticulous analysis of the richest zip codes in Hawaii, backed by a thorough understanding of data sources, exclusion criteria, sorting methods, income metrics, and margins of error. This approach ensures the reliability and validity of the reported income statistics.