Age of householder
Per the latest American Community Survey by the Census Bureau, Bloomfield town sees its highest median household income among householders in the age group of 25 to 44 years old, at $114,847. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bloomfield town, the median household income stands at $114,847 for householders within the 25 to 44 years age group, followed by $87,243 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $73,487.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $11,484(18.52%), escalating from a median of $62,003 in 2011 to $73,487 in 2021.
- 50(0.57%) households where the householder is under 25 years old.
- 2,121(24.10%) households with a householder aged between 25 and 44 years.
- 3,458(39.29%) households with a householder aged between 45 and 64 years.
- 3,173(36.05%) households where the householder is over 65 years old.
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Gender
In Bloomfield town, the population consists of 10,091 males (47.16%) and 11,308 females (52.84%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bloomfield town, the median income for all workers aged 15 years and older, regardless of work hours, was $50,677 for males and $39,352 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,436 for males and $66,955 for females.
- In Bloomfield town, the median income for all workers aged 15 years and older, regardless of work hours, was $50,677 for males and $39,352 for females.
- In Bloomfield town, among full-time, year-round workers aged 15 years and older, males earned a median income of $74,436, while females earned $66,955, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 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 town of Bloomfield town.
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Race
In Bloomfield town, the population is predominantly Black or African American, constituting 56.98% 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 $66,878.
- In Bloomfield town, despite the Black or African American population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $119,207. This reveals that, while Black or African Americans may be the most numerous in Bloomfield town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Bloomfield town, the median household income for the households where the householder is White increased by $2,242(2.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $106,632 in 2011 and $108,874 in 2021.
- In Bloomfield town, the median household income for the households where the householder is Black or African American decreased by $21,241(24.10%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $88,119 in 2011 and $66,878 in 2021.
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Year by year
Bloomfield, Connecticut median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bloomfield town decreased by $4,316 (4.68%), 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 2010 to 2011, when the median household income increased by 1,977 (from $92,253 to $94,230). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,552 (from $94,230 to $91,678).
- It then further increased to $130,880 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4341, it is evident that income distribution in Bloomfield, Connecticut exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $105,840. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $55,262.
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