Age of householder
Per the latest American Community Survey by the Census Bureau, Bolton town sees its highest median household income among householders in the age group of 25 to 44 years old, at $108,934. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bolton town, the median household income stands at $108,934 for householders within the 25 to 44 years age group, followed by $91,653 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 $66,056.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $11,595(21.29%), escalating from a median of $54,461 in 2011 to $66,056 in 2021.
- 0 households where the householder is under 25 years old.
- 254(25.84%) households with a householder aged between 25 and 44 years.
- 375(38.15%) households with a householder aged between 45 and 64 years.
- 354(36.01%) households where the householder is over 65 years old.
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Gender
In Bolton town, the population consists of 1,111 males (56.03%) and 872 females (43.97%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bolton town, the median income for all workers aged 15 years and older, regardless of work hours, was $56,913 for males and $32,324 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,772 for males and $88,077 for females.
- In Bolton town, the median income for all workers aged 15 years and older, regardless of work hours, was $56,913 for males and $32,324 for females.
- In Bolton town, among full-time, year-round workers aged 15 years and older, males earned a median income of $57,772, while females earned $88,077
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Race
In Bolton town, the population is predominantly White, constituting 96.27% 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 $101,827.
- In Bolton town, White is both the largest group and the one with the highest median household income, which stands at $101,827.
- In Bolton town, the median household income for the households where the householder is White increased by $23,665(30.28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,162 in 2011 and $101,827 in 2021.
- In Bolton town, the median household income for Black or African American households was $69,375 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Bolton, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bolton town increased by $22,769 (29.35%), 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 21,172 (from $77,505 to $98,677). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 3,396 (from $73,846 to $70,450).
- It then further increased to $60,319 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4757, it is evident that income distribution in Bolton, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $124,756. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $70,964.
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