Age of householder
Per the latest American Community Survey by the Census Bureau, Carbon Hill sees its highest median household income among householders in the age group of 45 to 64 years old, at $96,429. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Carbon Hill, the median household income stands at $96,429 for householders within the 45 to 64 years age group, followed by $63,504 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $60,801.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $18,556(41.28%), escalating from a median of $44,948 in 2011 to $63,504 in 2021.
- 4(2.82%) households where the householder is under 25 years old.
- 40(28.17%) households with a householder aged between 25 and 44 years.
- 64(45.07%) households with a householder aged between 45 and 64 years.
- 34(23.94%) households where the householder is over 65 years old.
Read more about Carbon Hill, IL median household income by age ➔
Gender
In Carbon Hill, the population consists of 197 males (50.77%) and 191 females (49.23%). Here are the primary highlights from the gender-based income distribution analysis:
- In Carbon Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $47,082 for males and $25,131 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,694 for males and $59,720 for females.
- In Carbon Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $47,082 for males and $25,131 for females.
- In Carbon Hill, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,694, while females earned $59,720
Read more about Carbon Hill, IL income by gender ➔
Race
In Carbon Hill, the population is predominantly White, constituting 93.04% 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 $91,878.
- In Carbon Hill, White is both the largest group and the one with the highest median household income, which stands at $91,878.
- In Carbon Hill, the median household income for the households where the householder is White increased by $33,548(57.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,330 in 2011 and $91,878 in 2021.
- As per the U.S. Census Bureau population data, in Carbon Hill, 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 Carbon Hill, IL median household income by race ➔
Year by year
Carbon Hill, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Carbon Hill increased by $31,253 (52.73%), 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 2020 to 2021, when the median household income increased by 15,455 (from $75,071 to $90,526). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 9,056 (from $73,354 to $64,298).
- It then further decreased to 53,445 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3013, it is evident that income distribution in Carbon Hill, IL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $95,533. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $66,206.
Read more about Carbon Hill, IL median household income ➔