Age of householder
Per the latest American Community Survey by the Census Bureau, Cape Vincent town sees its highest median household income among householders in the age group of 25 to 44 years old, at $114,734. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cape Vincent town, the median household income stands at $114,734 for householders within the 25 to 44 years age group, followed by $82,921 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 $64,404.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $30,559(36.30%), escalating from a median of $84,175 in 2011 to $114,734 in 2021.
- 4(0.49%) households where the householder is under 25 years old.
- 129(15.83%) households with a householder aged between 25 and 44 years.
- 370(45.40%) households with a householder aged between 45 and 64 years.
- 312(38.28%) households where the householder is over 65 years old.
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Gender
In Cape Vincent town, the population consists of 1,728 males (63.00%) and 1,015 females (37.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cape Vincent town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,544 for males and $28,229 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,423 for males and $59,573 for females.
- In Cape Vincent town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,544 for males and $28,229 for females.
- In Cape Vincent town, for all full-time workers aged 15 years and older, the median income was equal at, $59,573 for both males and females. This indicates a gender income balance in Cape Vincent town, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Cape Vincent town, the population is predominantly White, constituting 73.93% 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 $81,281.
- In Cape Vincent town, White is both the largest group and the one with the highest median household income, which stands at $81,281.
- In Cape Vincent town, the median household income for the households where the householder is White decreased by $2,440(2.91%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,721 in 2011 and $81,281 in 2021.
- In Cape Vincent town, the median household income for Black or African American households was $50,995 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Cape Vincent Town, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cape Vincent town decreased by $4,163 (5.06%), 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 2019 to 2020, when the median household income increased by 10,210 (from $67,458 to $77,668). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 8,034 (from $79,230 to $71,196).
- It then further increased to $115,298 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3574, it is evident that income distribution in Cape Vincent Town, New York exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $96,681. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,992.
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