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, Broadlands sees its highest median household income among householders in the age group of 25 to 44 years old, at $92,553. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Broadlands, where there exist only two delineated age groups, the median household income is $92,553 for householders within the 25 to 44 years age group, compared to $85,122 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $2,322(2.66%), declining from a median of $87,444 in 2011 to $85,122 in 2021.
- 11(10.48%) households where the householder is under 25 years old.
- 26(24.76%) households with a householder aged between 25 and 44 years.
- 42(40%) households with a householder aged between 45 and 64 years.
- 26(24.76%) households where the householder is over 65 years old.
![Broadlands, IL median household income by age of householder The bar chart shows Broadlands, IL median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).](https://i.neilsberg.com/ch/broadlands-il-median-household-income-by-age.jpeg)
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Gender
In Broadlands, the population consists of 162 males (51.43%) and 153 females (48.57%). Here are the primary highlights from the gender-based income distribution analysis:
- In Broadlands, the median income for all workers aged 15 years and older, regardless of work hours, was $36,932 for males and $22,519 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,450 for males and $43,236 for females.
- In Broadlands, the median income for all workers aged 15 years and older, regardless of work hours, was $36,932 for males and $22,519 for females.
- In Broadlands, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,450, while females earned $43,236, leading to a 27% gender pay gap among full-time workers. This illustrates that women earn 73 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.
![Broadlands, IL gender based income disparity Line chart showing the annual median income trends in Broadlands, IL for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).](https://i.neilsberg.com/ch/broadlands-il-income-by-gender.jpeg)
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Race
In Broadlands, the population is predominantly White, constituting 97.46% 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 $79,717.
- In Broadlands, White is both the largest group and the one with the highest median household income, which stands at $79,717.
- In Broadlands, the median household income for the households where the householder is White decreased by $372(0.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $80,089 in 2011 and $79,717 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
![Broadlands, IL median household income diversity across racial categories The bar chart shows Broadlands, IL median household income across all racial categories identified by the U.S. Census Bureau.](https://i.neilsberg.com/ch/broadlands-il-median-household-income-by-race.jpeg)
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Year by year
Broadlands, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Broadlands increased by $4,663 (6.21%), 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 2020 to 2021, when the median household income increased by 19,094 (from $60,623 to $79,717). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,190 (from $80,634 to $70,444).
- It then further increased to $128,358 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3923, it is evident that income distribution in Broadlands, IL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $92,778. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
![Broadlands, IL median household income trend (2010-2021, in 2022 inflation-adjusted dollars) The line chart shows Broadlands, IL median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.](https://i.neilsberg.com/ch/broadlands-il-median-household-income-trend.jpeg)
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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)