Age of householder
Per the latest American Community Survey by the Census Bureau, Bainbridge town sees its highest median household income among householders in the age group of 45 to 64 years old, at $58,726. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bainbridge town, the median household income stands at $58,726 for householders within the 45 to 64 years age group, followed by $55,650 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 $32,387.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $3,916(13.75%), escalating from a median of $28,471 in 2011 to $32,387 in 2021.
- 8(0.58%) households where the householder is under 25 years old.
- 237(17.30%) households with a householder aged between 25 and 44 years.
- 642(46.86%) households with a householder aged between 45 and 64 years.
- 483(35.26%) households where the householder is over 65 years old.
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Gender
In Bainbridge town, the population consists of 1,689 males (54.61%) and 1,404 females (45.39%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bainbridge town, the median income for all workers aged 15 years and older, regardless of work hours, was $33,533 for males and $28,239 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,763 for males and $55,742 for females.
- In Bainbridge town, the median income for all workers aged 15 years and older, regardless of work hours, was $33,533 for males and $28,239 for females.
- In Bainbridge town, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,763, while females earned $55,742, leading to a 24% gender pay gap among full-time workers. This illustrates that women earn 76 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 Bainbridge town, the population is predominantly White, constituting 96.38% 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 $54,702.
- In Bainbridge town, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $76,770. This reveals that, while Whites may be the most numerous in Bainbridge town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Bainbridge town, the median household income for the households where the householder is White decreased by $99(0.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,801 in 2011 and $54,702 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
Bainbridge Town, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bainbridge town decreased by $6,531 (10.62%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 4,645 (from $55,785 to $60,430). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 7,164 (from $61,503 to $54,339).
- It then further increased to $55,706 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4058, it is evident that income distribution in Bainbridge Town, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $78,415. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $23,894.
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