Age of householder
Per the latest American Community Survey by the Census Bureau, Bear Creek Village sees its highest median household income among householders in the age group of 45 to 64 years old, at $204,022. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bear Creek Village, where there exist only two delineated age groups, the median household income is $204,022 for householders within the 45 to 64 years age group, compared to $152,679 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $63,600(71.40%), escalating from a median of $89,079 in 2011 to $152,679 in 2021.
- 0 households where the householder is under 25 years old.
- 48(34.29%) households with a householder aged between 25 and 44 years.
- 51(36.43%) households with a householder aged between 45 and 64 years.
- 41(29.29%) households where the householder is over 65 years old.
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Gender
In Bear Creek Village, the population consists of 180 males (46.63%) and 206 females (53.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bear Creek Village, the median income for all workers aged 15 years and older, regardless of work hours, was $86,473 for males and $58,099 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $145,923 for males and $95,718 for females.
- In Bear Creek Village, the median income for all workers aged 15 years and older, regardless of work hours, was $86,473 for males and $58,099 for females.
- In Bear Creek Village, among full-time, year-round workers aged 15 years and older, males earned a median income of $145,923, while females earned $95,718, leading to a 34% gender pay gap among full-time workers. This illustrates that women earn 66 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 Bear Creek Village, the population is predominantly White, constituting 79.27% 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 $141,870.
- In Bear Creek Village, White is both the largest group and the one with the highest median household income, which stands at $141,870.
- In Bear Creek Village, the median household income for the households where the householder is White increased by $9,114(6.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $132,756 in 2011 and $141,870 in 2021.
- As per the U.S. Census Bureau population data, in Bear Creek Village, there are no households where the householder is Black or African American; hence, the median household income for the Black or African American population is not applicable.
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Year by year
Bear Creek Village, PA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bear Creek Village increased by $5,501 (3.64%), 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 39,037 (from $111,808 to $150,845). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 19,274 (from $131,082 to $111,808).
- It then further increased to $119,914 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4548, it is evident that income distribution in Bear Creek Village, PA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $220,461. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,553.
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