Age of householder
Per the latest American Community Survey by the Census Bureau, Colwell sees its highest median household income among householders in the age group of 25 to 44 years old, at $44,202. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Colwell only reports a median household income of $44,202 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 $12,459(21.99%), declining from a median of $56,661 in 2011 to $44,202 in 2021.
- 0 households where the householder is under 25 years old.
- 17(56.67%) households with a householder aged between 25 and 44 years.
- 8(26.67%) households with a householder aged between 45 and 64 years.
- 5(16.67%) households where the householder is over 65 years old.
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Gender
In Colwell, the population consists of 26 males (44.07%) and 33 females (55.93%). Here are the primary highlights from the gender-based income distribution analysis:
- In Colwell, the median income for all workers aged 15 years and older, regardless of work hours, was $43,430 for males and $38,283 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $44,588 for males and $44,588 for females.
- In Colwell, the median income for all workers aged 15 years and older, regardless of work hours, was $43,430 for males and $38,283 for females.
- In Colwell, for all full-time workers aged 15 years and older, the median income was equal at, $44,588 for both males and females. This indicates a gender income balance in Colwell, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Colwell, the population is predominantly White, constituting 100% 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 $45,167.
- In Colwell, White is both the largest group and the one with the highest median household income, which stands at $45,167.
- In Colwell, the median household income for the households where the householder is White decreased by $5,230(10.38%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,397 in 2011 and $45,167 in 2021.
- As per the U.S. Census Bureau population data, in Colwell, 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
Colwell, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Colwell decreased by $8,804 (16.31%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2015 to 2016, when the median household income increased by 23,731 (from $57,298 to $81,029). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 22,942 (from $70,089 to $47,147).
- It then further increased to $69,359 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5921, it is evident that income distribution in Colwell, IA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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