Age of householder
Per the latest American Community Survey by the Census Bureau, City Of Creede sees its highest median household income among householders in the age group of 65 years and over old, at $87,824. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in City Of Creede, the median household income stands at $87,824 for householders within the 65 years and over age group, followed by $50,523 for the 25 to 44 years age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $46,479.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $41,242(88.54%), escalating from a median of $46,582 in 2011 to $87,824 in 2021.
- 0 households where the householder is under 25 years old.
- 105(66.88%) households with a householder aged between 25 and 44 years.
- 40(25.48%) households with a householder aged between 45 and 64 years.
- 12(7.64%) households where the householder is over 65 years old.
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Gender
In City Of Creede, the population consists of 132 males (42.31%) and 180 females (57.69%). Here are the primary highlights from the gender-based income distribution analysis:
- In City Of Creede, the median income for all workers aged 15 years and older, regardless of work hours, was $46,989 for males and $14,975 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $71,403 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In City Of Creede, the median income for all workers aged 15 years and older, regardless of work hours, was $46,989 for males and $14,975 for females.
- In City Of Creede, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $71,403 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In City Of Creede, the population is predominantly White, constituting 96.15% 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 $50,716.
- In City Of Creede, White is both the largest group and the one with the highest median household income, which stands at $50,716.
- In City Of Creede, the median household income for the households where the householder is White decreased by $8,125(13.81%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,841 in 2011 and $50,716 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
City Of Creede, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for City Of Creede decreased by $1,944 (3.69%), 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 2015 to 2016, when the median household income increased by 8,434 (from $39,877 to $48,311). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 14,006 (from $64,587 to $50,581).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3432, it is evident that income distribution in City Of Creede, CO exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $50,957. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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