Age of householder
Per the latest American Community Survey by the Census Bureau, Burke town sees its highest median household income among householders in the age group of 25 to 44 years old, at $81,407. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Burke town, the median household income stands at $81,407 for householders within the 25 to 44 years age group, followed by $68,908 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $43,575.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $2,418(3.64%), escalating from a median of $66,490 in 2011 to $68,908 in 2021.
- 5(0.92%) households where the householder is under 25 years old.
- 191(34.98%) households with a householder aged between 25 and 44 years.
- 211(38.64%) households with a householder aged between 45 and 64 years.
- 139(25.46%) households where the householder is over 65 years old.
Read more about Burke, Vermont median household income by age ➔
Gender
In Burke town, the population consists of 705 males (51.01%) and 677 females (48.99%). Here are the primary highlights from the gender-based income distribution analysis:
- In Burke town, the median income for all workers aged 15 years and older, regardless of work hours, was $41,615 for males and $33,529 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,180 for males and $60,914 for females.
- In Burke town, the median income for all workers aged 15 years and older, regardless of work hours, was $41,615 for males and $33,529 for females.
- In Burke town, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,180, while females earned $60,914
Read more about Burke, Vermont income by gender ➔
Race
In Burke town, the population is predominantly White, constituting 96.96% 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 $68,329.
- In Burke town, White is both the largest group and the one with the highest median household income, which stands at $68,329.
- In Burke town, the median household income for the households where the householder is White increased by $3,396(5.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $64,933 in 2011 and $68,329 in 2021.
- As per the U.S. Census Bureau population data, in Burke town, 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 Burke, Vermont median household income by race ➔
Year by year
Burke, Vermont median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Burke town increased by $10,733 (18.76%), 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 2020 to 2021, when the median household income increased by 8,704 (from $59,239 to $67,943). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 4,800 (from $62,875 to $58,075).
- 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 0.4965, it is evident that income distribution in Burke, Vermont exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $95,390. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,427.
Read more about Burke, Vermont median household income ➔