Age of householder
Per the latest American Community Survey by the Census Bureau, Conception Junction sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,908. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Conception Junction only reports a median household income of $68,908 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $1,374(1.95%), declining from a median of $70,282 in 2011 to $68,908 in 2021.
- 3(3.95%) households where the householder is under 25 years old.
- 15(19.74%) households with a householder aged between 25 and 44 years.
- 35(46.05%) households with a householder aged between 45 and 64 years.
- 23(30.26%) households where the householder is over 65 years old.
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Gender
In Conception Junction, the population consists of 114 males (56.16%) and 89 females (43.84%). Here are the primary highlights from the gender-based income distribution analysis:
- In Conception Junction, the median income for all workers aged 15 years and older, regardless of work hours, was $40,630 for males and $25,092 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,614 for males and $35,805 for females.
- In Conception Junction, the median income for all workers aged 15 years and older, regardless of work hours, was $40,630 for males and $25,092 for females.
- In Conception Junction, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,614, while females earned $35,805, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Conception Junction, the population is predominantly White, constituting 98.52% 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 $44,588.
- In Conception Junction, White is both the largest group and the one with the highest median household income, which stands at $44,588.
- In Conception Junction, the median household income for the households where the householder is White decreased by $25,694(36.56%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $70,282 in 2011 and $44,588 in 2021.
- As per the U.S. Census Bureau population data, in Conception Junction, 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
Conception Junction, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Conception Junction increased by $5,345 (13.78%), 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 2010 to 2011, when the median household income increased by 24,952 (from $38,792 to $63,744). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 13,228 (from $57,365 to $44,137).
- It then further increased to $69,133 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4135, it is evident that income distribution in Conception Junction, MO exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $69,680. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $14,863.
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