Age of householder
Per the latest American Community Survey by the Census Bureau, Bow Mar sees its highest median household income among householders in the age group of 45 to 64 years old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bow Mar, the median household income stands at $270,229 for householders within the 45 to 64 years age group, followed by $144,797 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $141,870.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $43,855(19.37%), escalating from a median of $226,374 in 2011 to $270,229 in 2021.
- 0 households where the householder is under 25 years old.
- 48(15.79%) households with a householder aged between 25 and 44 years.
- 141(46.38%) households with a householder aged between 45 and 64 years.
- 115(37.83%) households where the householder is over 65 years old.
Read more about Bow Mar, CO median household income by age ➔
Gender
In Bow Mar, the population consists of 479 males (48.58%) and 507 females (51.42%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bow Mar, the median income for all workers aged 15 years and older, regardless of work hours, was $113,226 for males and $40,985 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $136,735 for males and $73,576 for females.
- In Bow Mar, the median income for all workers aged 15 years and older, regardless of work hours, was $113,226 for males and $40,985 for females.
- In Bow Mar, among full-time, year-round workers aged 15 years and older, males earned a median income of $136,735, while females earned $73,576, leading to a 46% gender pay gap among full-time workers. This illustrates that women earn 54 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
Read more about Bow Mar, CO income by gender ➔
Race
In Bow Mar, the population is predominantly White, constituting 96.45% 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 $215,101.
- In Bow Mar, White is both the largest group and the one with the highest median household income, which stands at $215,101.
- In Bow Mar, the median household income for the households where the householder is White decreased by $4,190(1.91%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $219,291 in 2011 and $215,101 in 2021.
- As per the U.S. Census Bureau population data, in Bow Mar, 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.
Read more about Bow Mar, CO median household income by race ➔
Year by year
Bow Mar, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bow Mar decreased by $17,017 (7.33%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 24,699 (from $213,189 to $237,888). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 20,078 (from $216,726 to $196,648).
- It then further increased to $270,229 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4916, it is evident that income distribution in Bow Mar, CO exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $221,250. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $131,736.
Read more about Bow Mar, CO median household income ➔