Age of householder
Per the latest American Community Survey by the Census Bureau, Cave-In-Rock sees its highest median household income among householders in the age group of 25 to 44 years old, at $52,278. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cave-In-Rock, where there exist only two delineated age groups, the median household income is $52,278 for householders within the 25 to 44 years age group, compared to $25,334 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $17,545(50.51%), escalating from a median of $34,733 in 2011 to $52,278 in 2021.
- 5(5.43%) households where the householder is under 25 years old.
- 23(25%) households with a householder aged between 25 and 44 years.
- 25(27.17%) households with a householder aged between 45 and 64 years.
- 39(42.39%) households where the householder is over 65 years old.
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Gender
In Cave-In-Rock, the population consists of 100 males (43.86%) and 128 females (56.14%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cave-In-Rock, while the Census reported a median income of $17,933 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $35,354 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Cave-In-Rock, while the Census reported a median income of $17,933 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Cave-In-Rock, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $35,354 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Cave-In-Rock, the population is predominantly White, constituting 93.86% 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 $27,563.
- In Cave-In-Rock, White is both the largest group and the one with the highest median household income, which stands at $27,563.
- In Cave-In-Rock, the median household income for the households where the householder is White increased by $4,777(20.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $22,786 in 2011 and $27,563 in 2021.
- As per the U.S. Census Bureau population data, in Cave-In-Rock, 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.
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Year by year
Cave-In-Rock, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cave-In-Rock increased by $3,469 (14.40%), 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 2015 to 2016, when the median household income increased by 20,989 (from $32,520 to $53,509). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 28,735 (from $56,591 to $27,856).
- It then further increased to $51,967 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.7406, it is evident that income distribution in Cave-In-Rock, IL exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $21,050.
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