Age of householder
Per the latest American Community Survey by the Census Bureau, Burket sees its highest median household income among householders in the age group of 25 to 44 years old, at $58,775. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Burket, the median household income stands at $58,775 for householders within the 25 to 44 years age group, followed by $47,200 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 $27,867.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $3,350(13.66%), escalating from a median of $24,517 in 2011 to $27,867 in 2021.
- 2(2.20%) households where the householder is under 25 years old.
- 8(8.79%) households with a householder aged between 25 and 44 years.
- 62(68.13%) households with a householder aged between 45 and 64 years.
- 19(20.88%) households where the householder is over 65 years old.
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Gender
In Burket, the population consists of 83 males (46.63%) and 95 females (53.37%). Here are the primary highlights from the gender-based income distribution analysis:
- In Burket, the median income for all workers aged 15 years and older, regardless of work hours, was $44,250 for males and $27,530 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,588 for males and $44,588 for females.
- In Burket, the median income for all workers aged 15 years and older, regardless of work hours, was $44,250 for males and $27,530 for females.
- In Burket, for all full-time workers aged 15 years and older, the median income was equal at, $44,588 for both males and females. This indicates a gender income balance in Burket, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Burket, the population is predominantly White, constituting 95.51% 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 $46,028.
- In Burket, White is both the largest group and the one with the highest median household income, which stands at $46,028.
- In Burket, the median household income for the households where the householder is White decreased by $37,466(44.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,494 in 2011 and $46,028 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.
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Year by year
Burket, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Burket decreased by $12,541 (21.35%), 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 2010 to 2011, when the median household income increased by 23,927 (from $58,750 to $82,677). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 27,040 (from $82,886 to $55,846).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3873, it is evident that income distribution in Burket, IN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $17,228.
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