Age of householder
Per the latest American Community Survey by the Census Bureau, Bratenahl sees its highest median household income among householders in the age group of 65 years and over old, at $155,832. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bratenahl, where there exist only two delineated age groups, the median household income is $155,832 for householders within the 65 years and over age group, compared to $150,247 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $56,426(56.76%), escalating from a median of $99,406 in 2011 to $155,832 in 2021.
- 0 households where the householder is under 25 years old.
- 103(14.61%) households with a householder aged between 25 and 44 years.
- 266(37.73%) households with a householder aged between 45 and 64 years.
- 336(47.66%) households where the householder is over 65 years old.
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Gender
In Bratenahl, the population consists of 620 males (43.72%) and 798 females (56.28%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bratenahl, the median income for all workers aged 15 years and older, regardless of work hours, was $92,501 for males and $53,505 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $124,643 for males and $96,231 for females.
- In Bratenahl, the median income for all workers aged 15 years and older, regardless of work hours, was $92,501 for males and $53,505 for females.
- In Bratenahl, among full-time, year-round workers aged 15 years and older, males earned a median income of $124,643, while females earned $96,231, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Bratenahl, the population is predominantly White, constituting 71.86% 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 $171,144.
- In Bratenahl, White is both the largest group and the one with the highest median household income, which stands at $171,144.
- In Bratenahl, the median household income for the households where the householder is White increased by $56,102(48.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $115,042 in 2011 and $171,144 in 2021.
- In Bratenahl, the median household income for the households where the householder is Black or African American increased by $63,667(84.83%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $75,050 in 2011 and $138,717 in 2021.
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Year by year
Bratenahl, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bratenahl increased by $49,481 (47.95%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 9 years and declined for 2 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 23,784 (from $128,895 to $152,679). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 10,398 (from $110,915 to $100,517).
- 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 0.5066, it is evident that income distribution in Bratenahl, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $197,717. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $95,255.
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