Age of householder
Per the latest American Community Survey by the Census Bureau, Cooper town sees its highest median household income among householders in the age group of 65 years and over old, at $55,667. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Cooper town only reports a median household income of $55,667 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $4,181(8.12%), escalating from a median of $51,486 in 2011 to $55,667 in 2021.
- 0 households where the householder is under 25 years old.
- 16(20%) households with a householder aged between 25 and 44 years.
- 30(37.50%) households with a householder aged between 45 and 64 years.
- 34(42.50%) households where the householder is over 65 years old.
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Gender
In Cooper town, the population consists of 72 males (51.06%) and 69 females (48.94%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cooper town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,534 for males and $42,336 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,774 for males and $46,089 for females.
- In Cooper town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,534 for males and $42,336 for females.
- In Cooper town, among full-time, year-round workers aged 15 years and older, males earned a median income of $63,774, while females earned $46,089, leading to a 28% gender pay gap among full-time workers. This illustrates that women earn 72 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 Cooper town, 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 $55,127.
- In Cooper town, White is both the largest group and the one with the highest median household income, which stands at $55,127.
- In Cooper town, the median household income for the households where the householder is White decreased by $2,625(4.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,752 in 2011 and $55,127 in 2021.
- As per the U.S. Census Bureau population data, in Cooper town, 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
Cooper, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cooper town decreased by $7,700 (12.26%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 13,571 (from $43,840 to $57,411). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 12,298 (from $56,138 to $43,840).
- It then further increased to $145,248 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3869, it is evident that income distribution in Cooper, Maine exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $112,145. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,076.
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