Age of householder
Per the latest American Community Survey by the Census Bureau, Avon-By-The-Sea sees its highest median household income among householders in the age group of 45 to 64 years old, at $141,059. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Avon-By-The-Sea, the median household income stands at $141,059 for householders within the 45 to 64 years age group, followed by $101,336 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $82,003.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $19,175(15.73%), escalating from a median of $121,884 in 2011 to $141,059 in 2021.
- 0 households where the householder is under 25 years old.
- 121(13.94%) households with a householder aged between 25 and 44 years.
- 322(37.10%) households with a householder aged between 45 and 64 years.
- 425(48.96%) households where the householder is over 65 years old.
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Gender
In Avon-By-The-Sea, the population consists of 771 males (43.81%) and 989 females (56.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Avon-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $81,744 for males and $49,692 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,016 for males and $81,068 for females.
- In Avon-By-The-Sea, the median income for all workers aged 15 years and older, regardless of work hours, was $81,744 for males and $49,692 for females.
- In Avon-By-The-Sea, among full-time, year-round workers aged 15 years and older, males earned a median income of $115,016, while females earned $81,068, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Avon-By-The-Sea, the population is predominantly White, constituting 92.73% 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 $103,953.
- In Avon-By-The-Sea, White is both the largest group and the one with the highest median household income, which stands at $103,953.
- In Avon-By-The-Sea, the median household income for the households where the householder is White increased by $393(0.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $103,560 in 2011 and $103,953 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
Avon-By-The-Sea, NJ median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Avon-By-The-Sea decreased by $8,909 (7.92%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 9,771 (from $93,801 to $103,572). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 13,819 (from $100,694 to $86,875).
- It then further increased to $270,229 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.565, it is evident that income distribution in Avon-By-The-Sea, NJ exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $135,339. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $70,598.
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