Age of householder
Per the latest American Community Survey by the Census Bureau, Colmar Manor sees its highest median household income among householders in the age group of 45 to 64 years old, at $139,167. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Colmar Manor, householders within the 45 to 64 years age group have the highest median household income at $139,167, followed by those in the 25 to 44 years age group with an income of $95,931. Meanwhile householders within the under 25 years age group report the second lowest median household income of $60,801. Notably, householders within the 65 years and over age group, had the lowest median household income at $49,317.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $55,935(67.20%), escalating from a median of $83,232 in 2011 to $139,167 in 2021.
- 8(1.69%) households where the householder is under 25 years old.
- 106(22.36%) households with a householder aged between 25 and 44 years.
- 240(50.63%) households with a householder aged between 45 and 64 years.
- 120(25.32%) households where the householder is over 65 years old.
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Gender
In Colmar Manor, the population consists of 733 males (47.47%) and 811 females (52.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In Colmar Manor, the median income for all workers aged 15 years and older, regardless of work hours, was $41,280 for males and $42,657 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,212 for males and $55,172 for females.
- In Colmar Manor, the median income for all workers aged 15 years and older, regardless of work hours, was $41,280 for males and $42,657 for females.
- In Colmar Manor, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,212, while females earned $55,172
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Race
In Colmar Manor, the population is predominantly some other race, constituting 33.87% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for some other race households is not available from the U.S. Census Bureau, possibly due to insufficient sample size, confidentiality or privacy constraints..
- In Colmar Manor, despite the some other race population being the most populous, there is no income data available in the latest American Community Survey for it. Based on analysis from all of the data that is available, it is worth noting that Asian households actually reports the highest median household income, with a median income of $138,087. This reveals that, while some other races may be the most numerous in Colmar Manor, Asian households experience greater economic prosperity in terms of median household income.
- In Colmar Manor, the median household income for the households where the householder is White increased by $9,535(12.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,785 in 2011 and $83,320 in 2021.
- In Colmar Manor, the median household income for Black or African American households was $83,655 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Colmar Manor, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Colmar Manor increased by $21,543 (28.44%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 13,612 (from $83,670 to $97,282). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 13,834 (from $87,192 to $73,358).
- It then further increased to $270,229 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.375, it is evident that income distribution in Colmar Manor, MD exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $92,328. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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