Age of householder
Per the latest American Community Survey by the Census Bureau, Accomac sees its highest median household income among householders in the age group of 65 years and over old, at $55,397. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Accomac, the median household income stands at $55,397 for householders within the 65 years and over age group, followed by $42,042 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $35,106.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,880(125.95%), escalating from a median of $24,517 in 2011 to $55,397 in 2021.
- 0 households where the householder is under 25 years old.
- 90(30%) households with a householder aged between 25 and 44 years.
- 123(41%) households with a householder aged between 45 and 64 years.
- 87(29%) households where the householder is over 65 years old.
Read more about Accomac, VA median household income by age ➔
Gender
In Accomac, the population consists of 386 males (40.38%) and 570 females (59.62%). Here are the primary highlights from the gender-based income distribution analysis:
- In Accomac, the median income for all workers aged 15 years and older, regardless of work hours, was $28,743 for males and $34,367 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $31,076 for males and $35,222 for females.
- In Accomac, the median income for all workers aged 15 years and older, regardless of work hours, was $28,743 for males and $34,367 for females.
- In Accomac, among full-time, year-round workers aged 15 years and older, males earned a median income of $31,076, while females earned $35,222
Read more about Accomac, VA income by gender ➔
Race
In Accomac, the population is predominantly White, constituting 35.67% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for White households is $66,476.
- In Accomac, White is both the largest group and the one with the highest median household income, which stands at $66,476.
- In Accomac, the median household income for the households where the householder is White increased by $10,359(18.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,117 in 2011 and $66,476 in 2021.
- In Accomac, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $33,707(2022 inflation-adjusted dollars), marking a significant change.
Read more about Accomac, VA median household income by race ➔
Year by year
Accomac, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Accomac decreased by $13,012 (23.57%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 12,938 (from $49,133 to $62,071). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 16,686 (from $58,128 to $41,442).
- It then further increased to $81,648 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4937, it is evident that income distribution in Accomac, VA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $50,668. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,177.
Read more about Accomac, VA median household income ➔