Age of householder
Per the latest American Community Survey by the Census Bureau, Amboy township sees its highest median household income among householders in the age group of 45 to 64 years old, at $59,788. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Amboy township, where there exist only two delineated age groups, the median household income is $59,788 for householders within the 45 to 64 years age group, compared to $47,020 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $1,414(2.42%), escalating from a median of $58,374 in 2011 to $59,788 in 2021.
- 5(1.14%) households where the householder is under 25 years old.
- 63(14.35%) households with a householder aged between 25 and 44 years.
- 193(43.96%) households with a householder aged between 45 and 64 years.
- 178(40.55%) households where the householder is over 65 years old.
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Gender
In Amboy township, the population consists of 559 males (53.09%) and 494 females (46.91%). Here are the primary highlights from the gender-based income distribution analysis:
- In Amboy township, the median income for all workers aged 15 years and older, regardless of work hours, was $43,622 for males and $21,407 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,477 for males and $38,102 for females.
- In Amboy township, the median income for all workers aged 15 years and older, regardless of work hours, was $43,622 for males and $21,407 for females.
- In Amboy township, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,477, while females earned $38,102, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Amboy township, the population is predominantly White, constituting 99.34% 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 $55,937.
- In Amboy township, White is both the largest group and the one with the highest median household income, which stands at $55,937.
- In Amboy township, the median household income for the households where the householder is White increased by $1,108(2.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,829 in 2011 and $55,937 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Amboy Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Amboy township decreased by $2,666 (4.53%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 3,392 (from $55,468 to $58,860). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 3,234 (from $58,806 to $55,572).
- It then further increased to $99,174 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3989, it is evident that income distribution in Amboy Township, Michigan exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $66,657. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,215.
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