Age of householder
Per the latest American Community Survey by the Census Bureau, Castleton-On-Hudson sees its highest median household income among householders in the age group of 25 to 44 years old, at $66,004. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Castleton-On-Hudson, the median household income stands at $66,004 for householders within the 25 to 44 years age group, followed by $55,397 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $51,794.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $4,183(8.17%), escalating from a median of $51,214 in 2011 to $55,397 in 2021.
- 16(2.58%) households where the householder is under 25 years old.
- 187(30.16%) households with a householder aged between 25 and 44 years.
- 303(48.87%) households with a householder aged between 45 and 64 years.
- 114(18.39%) households where the householder is over 65 years old.
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Gender
In Castleton-On-Hudson, the population consists of 617 males (42.70%) and 828 females (57.30%). Here are the primary highlights from the gender-based income distribution analysis:
- In Castleton-On-Hudson, the median income for all workers aged 15 years and older, regardless of work hours, was $47,200 for males and $40,873 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,264 for males and $65,828 for females.
- In Castleton-On-Hudson, the median income for all workers aged 15 years and older, regardless of work hours, was $47,200 for males and $40,873 for females.
- In Castleton-On-Hudson, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,264, while females earned $65,828
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Race
In Castleton-On-Hudson, the population is predominantly White, constituting 96.47% 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 $65,385.
- In Castleton-On-Hudson, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $199,518. This reveals that, while Whites may be the most numerous in Castleton-On-Hudson, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Castleton-On-Hudson, the median household income for the households where the householder is White decreased by $17,689(21.29%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,074 in 2011 and $65,385 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
Castleton-On-Hudson, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Castleton-On-Hudson decreased by $13,951 (17.55%), 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 2012 to 2013, when the median household income increased by 6,903 (from $78,818 to $85,721). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 20,660 (from $87,232 to $66,572).
- It then further increased to $145,023 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3899, it is evident that income distribution in Castleton-On-Hudson, NY exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,050. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,819.
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