All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Bingham township sees its highest median household income among householders in the age group of 25 to 44 years old, at $75,213. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bingham township, householders within the 25 to 44 years age group have the highest median household income at $75,213, followed by those in the 45 to 64 years age group with an income of $70,598. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $57,423. Notably, householders within the under 25 years age group, had the lowest median household income at $55,397.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $27,813(58.68%), escalating from a median of $47,400 in 2011 to $75,213 in 2021.
- 6(2.80%) households where the householder is under 25 years old.
- 53(24.77%) households with a householder aged between 25 and 44 years.
- 106(49.53%) households with a householder aged between 45 and 64 years.
- 49(22.90%) households where the householder is over 65 years old.
![Bingham Township, Pennsylvania median household income by age of householder The bar chart shows Bingham Township, Pennsylvania median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/bingham-township-pa-median-household-income-by-age.jpeg)
Read more about Bingham Township, Pennsylvania median household income by age ➔
Gender
In Bingham township, the population consists of 340 males (52.71%) and 305 females (47.29%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bingham township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,030 for males and $28,180 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $45,939 for males and $40,821 for females.
- In Bingham township, the median income for all workers aged 15 years and older, regardless of work hours, was $36,030 for males and $28,180 for females.
- In Bingham township, among full-time, year-round workers aged 15 years and older, males earned a median income of $45,939, while females earned $40,821, resulting in a 11% gender pay gap among full-time workers. This illustrates that women earn 89 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 township of Bingham township.
![Bingham Township, Pennsylvania gender based income disparity Line chart showing the annual median income trends in Bingham Township, Pennsylvania for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/bingham-township-pa-income-by-gender.jpeg)
Read more about Bingham Township, Pennsylvania income by gender ➔
Race
In Bingham township, 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 $68,908.
- In Bingham township, White is both the largest group and the one with the highest median household income, which stands at $68,908.
- In Bingham township, the median household income for the households where the householder is White increased by $19,874(40.53%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,034 in 2011 and $68,908 in 2021.
- As per the U.S. Census Bureau population data, in Bingham township, 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.
![Bingham Township, Pennsylvania median household income diversity across racial categories The bar chart shows Bingham Township, Pennsylvania median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/bingham-township-pa-median-household-income-by-race.jpeg)
Read more about Bingham Township, Pennsylvania median household income by race ➔
Year by year
Bingham Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bingham township increased by $21,683 (45.91%), 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 2019 to 2020, when the median household income increased by 14,260 (from $46,646 to $60,906). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 7,594 (from $56,007 to $48,413).
- It then further increased to $93,229 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3646, it is evident that income distribution in Bingham Township, Pennsylvania exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $70,971. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $25,221.
![Bingham Township, Pennsylvania median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Bingham Township, Pennsylvania median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/bingham-township-pa-median-household-income-trend.jpeg)
Read more about Bingham Township, Pennsylvania median household income ➔
References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)