Age of householder
Per the latest American Community Survey by the Census Bureau, Bel-Ridge sees its highest median household income among householders in the age group of 45 to 64 years old, at $47,754. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bel-Ridge, the median household income stands at $47,754 for householders within the 45 to 64 years age group, followed by $43,295 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 $31,499.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $10,049(26.65%), escalating from a median of $37,705 in 2011 to $47,754 in 2021.
- 33(3.41%) households where the householder is under 25 years old.
- 390(40.33%) households with a householder aged between 25 and 44 years.
- 359(37.13%) households with a householder aged between 45 and 64 years.
- 185(19.13%) households where the householder is over 65 years old.
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Gender
In Bel-Ridge, the population consists of 1,288 males (43.75%) and 1,656 females (56.25%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bel-Ridge, the median income for all workers aged 15 years and older, regardless of work hours, was $31,033 for males and $26,507 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,692 for males and $39,260 for females.
- In Bel-Ridge, the median income for all workers aged 15 years and older, regardless of work hours, was $31,033 for males and $26,507 for females.
- In Bel-Ridge, among full-time, year-round workers aged 15 years and older, males earned a median income of $40,692, while females earned $39,260, resulting in a 4% gender pay gap among full-time workers. This illustrates that women earn 96 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the village of Bel-Ridge.
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Race
In Bel-Ridge, the population is predominantly Black or African American, constituting 86.62% 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 $43,883.
- In Bel-Ridge, Black or African American is both the largest group and the one with the highest median household income, which stands at $43,883.
- In Bel-Ridge, the median household income for the households where the householder is White increased by $710(1.88%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $37,797 in 2011 and $38,507 in 2021.
- In Bel-Ridge, the median household income for the households where the householder is Black or African American increased by $11,477(35.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $32,406 in 2011 and $43,883 in 2021.
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Year by year
Bel-Ridge, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bel-Ridge decreased by $2,322 (5.24%), 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 5,014 (from $29,189 to $34,203). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 10,051 (from $44,333 to $34,282).
- It then further increased to $51,718 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4004, it is evident that income distribution in Bel-Ridge, MO exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $44,714. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,991.
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