Age of householder
Per the latest American Community Survey by the Census Bureau, Benton sees its highest median household income among householders in the age group of 65 years and over old, at $44,588. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Benton only reports a median household income of $44,588 among householders in the 65 years and over age group.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 6(50%) households with a householder aged between 45 and 64 years.
- 6(50%) households where the householder is over 65 years old.
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Gender
In Benton, the population consists of 18 males (60.00%) and 12 females (40.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Benton, the median income for all workers aged 15 years and older, regardless of work hours, was $25,221 for males and $25,672 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,779 for males and $55,397 for females.
- In Benton, the median income for all workers aged 15 years and older, regardless of work hours, was $25,221 for males and $25,672 for females.
- In Benton, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,779, while females earned $55,397
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Race
In Benton, the population is predominantly White, constituting 100% 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 $44,588.
- In Benton, White is both the largest group and the one with the highest median household income, which stands at $44,588.
- In Benton, the median household income for the households where the householder is White decreased by $7,170(13.85%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,758 in 2011 and $44,588 in 2021.
- As per the U.S. Census Bureau population data, in Benton, 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
Benton, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Benton increased by $7,483 (20.17%), 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 2014 to 2015, when the median household income increased by 20,314 (from $51,502 to $71,816). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 36,148 (from $80,736 to $44,588).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.39, it is evident that income distribution in Benton, IA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $18,594.
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