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, Bridgeview sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,862. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Bridgeview, the median household income stands at $68,862 for householders within the 45 to 64 years age group, followed by $64,422 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $50,161.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $3,742(8.06%), escalating from a median of $46,419 in 2011 to $50,161 in 2021.
- 14(0.24%) households where the householder is under 25 years old.
- 2,092(35.20%) households with a householder aged between 25 and 44 years.
- 2,304(38.76%) households with a householder aged between 45 and 64 years.
- 1,534(25.81%) households where the householder is over 65 years old.
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Gender
In Bridgeview, the population consists of 8,146 males (48.25%) and 8,737 females (51.75%). Here are the primary highlights from the gender-based income distribution analysis:
- In Bridgeview, the median income for all workers aged 15 years and older, regardless of work hours, was $34,783 for males and $27,264 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,255 for males and $49,156 for females.
- In Bridgeview, the median income for all workers aged 15 years and older, regardless of work hours, was $34,783 for males and $27,264 for females.
- In Bridgeview, among full-time, year-round workers aged 15 years and older, males earned a median income of $48,255, while females earned $49,156
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Race
In Bridgeview, the population is predominantly White, constituting 76.83% 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 $57,407.
- In Bridgeview, despite the White 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 $105,896. This reveals that, while Whites may be the most numerous in Bridgeview, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Bridgeview, the median household income for the households where the householder is White decreased by $7,940(12.15%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,347 in 2011 and $57,407 in 2021.
- In Bridgeview, the median household income for the households where the householder is Black or African American increased by $11,134(13.48%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,567 in 2011 and $93,701 in 2021.
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Year by year
Bridgeview, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Bridgeview increased by $2,542 (4.20%), 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 2010 to 2011, when the median household income increased by 5,626 (from $60,552 to $66,178). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 2,565 (from $66,192 to $63,627).
- It then further increased to $183,018 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4189, it is evident that income distribution in Bridgeview, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $72,005. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,549.
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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)