Age of householder
Per the latest American Community Survey by the Census Bureau, Buckingham township sees its highest median household income among householders in the age group of 45 to 64 years old, at $232,502. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Buckingham township, the median household income stands at $232,502 for householders within the 45 to 64 years age group, followed by $200,097 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 $82,204.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $73,339(46.08%), escalating from a median of $159,163 in 2011 to $232,502 in 2021.
- 0 households where the householder is under 25 years old.
- 1,212(16.49%) households with a householder aged between 25 and 44 years.
- 3,869(52.65%) households with a householder aged between 45 and 64 years.
- 2,268(30.86%) households where the householder is over 65 years old.
Read more about Buckingham township, Bucks County, Pennsylvania median household income by age ➔
Gender
In Buckingham township, the population consists of 10,113 males (48.63%) and 10,682 females (51.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Buckingham township, the median income for all workers aged 15 years and older, regardless of work hours, was $107,327 for males and $37,234 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $156,225 for males and $92,467 for females.
- In Buckingham township, the median income for all workers aged 15 years and older, regardless of work hours, was $107,327 for males and $37,234 for females.
- In Buckingham township, among full-time, year-round workers aged 15 years and older, males earned a median income of $156,225, while females earned $92,467, leading to a 41% gender pay gap among full-time workers. This illustrates that women earn 59 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 Buckingham township, Bucks County, Pennsylvania income by gender ➔
Race
In Buckingham township, the population is predominantly White, constituting 87.57% 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 $176,378.
- In Buckingham township, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $236,653. This reveals that, while Whites may be the most numerous in Buckingham township, Asian households experience greater economic prosperity in terms of median household income.
- In Buckingham township, the median household income for the households where the householder is White increased by $27,425(18.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $148,953 in 2011 and $176,378 in 2021.
- In Buckingham township, the median household income for Black or African American households was $147,353 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Buckingham township, Bucks County, Pennsylvania median household income by race ➔
Year by year
Buckingham township, Bucks County, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Buckingham township increased by $29,781 (19.85%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 16,927 (from $159,360 to $176,287). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 8,890 (from $168,250 to $159,360).
- It then further increased to $183,122 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4579, it is evident that income distribution in Buckingham township, Bucks County, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $207,811. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $72,702.
Read more about Buckingham township, Bucks County, Pennsylvania median household income ➔