Age of householder
Per the latest American Community Survey by the Census Bureau, Caledonia township sees its highest median household income among householders in the age group of 25 to 44 years old, at $125,574. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Caledonia township, the median household income stands at $125,574 for householders within the 25 to 44 years age group, followed by $114,185 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 $76,086.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $13,241(11.79%), escalating from a median of $112,333 in 2011 to $125,574 in 2021.
- 36(0.67%) households where the householder is under 25 years old.
- 1,667(31.18%) households with a householder aged between 25 and 44 years.
- 2,311(43.23%) households with a householder aged between 45 and 64 years.
- 1,332(24.92%) households where the householder is over 65 years old.
Read more about Caledonia township, Kent County, Michigan median household income by age ➔
Gender
In Caledonia township, the population consists of 7,949 males (51.17%) and 7,587 females (48.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Caledonia township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,795 for males and $37,635 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $86,936 for males and $60,947 for females.
- In Caledonia township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,795 for males and $37,635 for females.
- In Caledonia township, among full-time, year-round workers aged 15 years and older, males earned a median income of $86,936, while females earned $60,947, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 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.
Read more about Caledonia township, Kent County, Michigan income by gender ➔
Race
In Caledonia township, the population is predominantly White, constituting 93.13% 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 $102,061.
- In Caledonia township, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $110,929. This reveals that, while Whites may be the most numerous in Caledonia township, Black or African American households experience greater economic prosperity in terms of median household income.
- In Caledonia township, the median household income for the households where the householder is White increased by $2,055(2.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,006 in 2011 and $102,061 in 2021.
- In Caledonia township, the median household income for the households where the householder is Black or African American increased by $40,443(57.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,486 in 2011 and $110,929 in 2021.
Read more about Caledonia township, Kent County, Michigan median household income by race ➔
Year by year
Caledonia township, Kent County, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Caledonia township increased by $4,368 (4.42%), 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 2018 to 2019, when the median household income increased by 2,082 (from $104,934 to $107,016). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 3,719 (from $106,856 to $103,137).
- It then further increased to $152,924 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4068, it is evident that income distribution in Caledonia township, Kent County, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $114,082. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $44,588.
Read more about Caledonia township, Kent County, Michigan median household income ➔