Age of householder
Per the latest American Community Survey by the Census Bureau, Calumet Park sees its highest median household income among householders in the age group of 45 to 64 years old, at $67,259. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Calumet Park, the median household income stands at $67,259 for householders within the 45 to 64 years age group, followed by $57,603 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 $49,824.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $618(1.06%), declining from a median of $58,221 in 2011 to $57,603 in 2021.
- 12(0.44%) households where the householder is under 25 years old.
- 765(27.99%) households with a householder aged between 25 and 44 years.
- 1,125(41.16%) households with a householder aged between 45 and 64 years.
- 831(30.41%) households where the householder is over 65 years old.
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Gender
In Calumet Park, the population consists of 3,457 males (48.23%) and 3,710 females (51.77%). Here are the primary highlights from the gender-based income distribution analysis:
- In Calumet Park, the median income for all workers aged 15 years and older, regardless of work hours, was $34,507 for males and $34,414 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,785 for males and $53,370 for females.
- In Calumet Park, for all workers aged 15 years and older, irrespective of full-time or part-time work, the median income was $34,414 for both males and females.
- In Calumet Park, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,785, while females earned $53,370, resulting in a 3% gender pay gap among full-time workers. This illustrates that women earn 97 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the village of Calumet Park.
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Race
In Calumet Park, the population is predominantly Black or African American, constituting 86.42% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $63,279.
- In Calumet Park, Black or African American is both the largest group and the one with the highest median household income, which stands at $63,279.
- In Calumet Park, the median household income for the households where the householder is White decreased by $24,971(44.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,661 in 2011 and $31,690 in 2021.
- In Calumet Park, the median household income for the households where the householder is Black or African American decreased by $124(0.20%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $63,403 in 2011 and $63,279 in 2021.
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Year by year
Calumet Park, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Calumet Park decreased by $6,247 (9.88%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 3,330 (from $57,474 to $60,804). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 5,218 (from $62,692 to $57,474).
- It then further increased to $93,453 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4028, it is evident that income distribution in Calumet Park, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $72,869. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,001.
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