Age of householder
Per the latest American Community Survey by the Census Bureau, Cheriton sees its highest median household income among householders in the age group of 25 to 44 years old, at $31,609. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Cheriton only reports a median household income of $31,609 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $4,279(11.92%), declining from a median of $35,888 in 2011 to $31,609 in 2021.
- 0 households where the householder is under 25 years old.
- 71(24.91%) households with a householder aged between 25 and 44 years.
- 74(25.96%) households with a householder aged between 45 and 64 years.
- 140(49.12%) households where the householder is over 65 years old.
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Gender
In Cheriton, the population consists of 209 males (37.25%) and 352 females (62.75%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cheriton, the median income for all workers aged 15 years and older, regardless of work hours, was $31,046 for males and $17,889 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $32,320 for males and $39,859 for females.
- In Cheriton, the median income for all workers aged 15 years and older, regardless of work hours, was $31,046 for males and $17,889 for females.
- In Cheriton, among full-time, year-round workers aged 15 years and older, males earned a median income of $32,320, while females earned $39,859
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Race
In Cheriton, the population is predominantly White, constituting 45.28% 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 $31,823.
- In Cheriton, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $47,055. This reveals that, while Whites may be the most numerous in Cheriton, Black or African American households experience greater economic prosperity in terms of median household income.
- In Cheriton, the median household income for the households where the householder is White decreased by $20,714(39.43%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,537 in 2011 and $31,823 in 2021.
- In Cheriton, the median household income for the households where the householder is Black or African American increased by $29,403(166.57%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $17,652 in 2011 and $47,055 in 2021.
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Year by year
Cheriton, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cheriton decreased by $17,424 (36.32%), 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 2013 to 2014, when the median household income increased by 5,092 (from $35,823 to $40,915). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 12,719 (from $47,967 to $35,248).
- It then further decreased to 12,359 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4476, it is evident that income distribution in Cheriton, VA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,329.
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