The center earnings level for residents within the Queen Anne neighborhood of Seattle represents the extent at which half of the households earn extra, and half earn much less. This metric gives a central tendency of earnings distribution, reflecting the financial standing of the realm. For example, if this determine is reported at $150,000, it suggests that fifty% of Queen Anne households have an earnings above this quantity, and 50% fall under it.
Understanding this measure is helpful for numerous functions. It presents insights into the affordability of housing, shopper spending patterns, and the general financial well being of the neighborhood. Historic tendencies on this determine can reveal patterns of progress or decline, informing coverage choices and funding methods. Socioeconomic comparisons with different neighborhoods and town as a complete turn out to be potential by means of the usage of this knowledge.
