Age of householder
Per the latest American Community Survey by the Census Bureau, Bel-Nor sees its highest median household income among householders in the age group of 25 to 44 years old, at $109,781. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bel-Nor, householders within the 25 to 44 years age group have the highest median household income at $109,781, followed by those in the 45 to 64 years age group with an income of $108,241. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $75,278. Notably, householders within the under 25 years age group, had the lowest median household income at $46,614.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $3,907(5.47%), escalating from a median of $71,371 in 2011 to $75,278 in 2021.
- 20(3.15%) households where the householder is under 25 years old.
- 203(32.02%) households with a householder aged between 25 and 44 years.
- 209(32.97%) households with a householder aged between 45 and 64 years.
- 202(31.86%) households where the householder is over 65 years old.
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Gender
In Bel-Nor, the population consists of 741 males (51.14%) and 708 females (48.86%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bel-Nor, the median income for all workers aged 15 years and older, regardless of work hours, was $48,272 for males and $44,101 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,105 for males and $70,344 for females.
- In Bel-Nor, the median income for all workers aged 15 years and older, regardless of work hours, was $48,272 for males and $44,101 for females.
- In Bel-Nor, among full-time, year-round workers aged 15 years and older, males earned a median income of $64,105, while females earned $70,344
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Race
In Bel-Nor, the population is predominantly Black or African American, constituting 47.69% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $111,807.
- In Bel-Nor, Black or African American is both the largest group and the one with the highest median household income, which stands at $111,807.
- In Bel-Nor, the median household income for the households where the householder is White decreased by $25,495(20.78%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $122,702 in 2011 and $97,207 in 2021.
- In Bel-Nor, the median household income for the households where the householder is Black or African American increased by $21,502(23.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,305 in 2011 and $111,807 in 2021.
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Year by year
Bel-Nor, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bel-Nor decreased by $9,276 (8.81%), 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 2018 to 2019, when the median household income increased by 12,861 (from $76,963 to $89,824). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 9,739 (from $107,569 to $97,830).
- It then further increased to $114,739 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3323, it is evident that income distribution in Bel-Nor, MO exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $113,928. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $62,538.
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