All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates
TABLE OF CONTENTS
Age of householder
Per the latest American Community Survey by the Census Bureau, Cotesfield sees its highest median household income among householders in the age group of 65 years and over old, at $25,672. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Cotesfield only reports a median household income of $25,672 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $4,294(14.33%), declining from a median of $29,966 in 2011 to $25,672 in 2021.
- 0 households where the householder is under 25 years old.
- 5(26.32%) households with a householder aged between 25 and 44 years.
- 8(42.11%) households with a householder aged between 45 and 64 years.
- 6(31.58%) households where the householder is over 65 years old.
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Gender
In Cotesfield, the population consists of 14 males (45.16%) and 17 females (54.84%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cotesfield, while the Census reported a median income of $56,411 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $65,869 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Cotesfield, while the Census reported a median income of $56,411 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Cotesfield, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $65,869 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Cotesfield, 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 $61,140.
- In Cotesfield, White is both the largest group and the one with the highest median household income, which stands at $61,140.
- In Cotesfield, the median household income for the households where the householder is White increased by $23,057(60.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $38,083 in 2011 and $61,140 in 2021.
- As per the U.S. Census Bureau population data, in Cotesfield, 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
Cotesfield, NE median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cotesfield increased by $21,786 (55.36%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 25,244 (from $38,324 to $63,568). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 1,891 (from $63,152 to $61,261).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3914, it is evident that income distribution in Cotesfield, NE exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,446.
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References
- U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates
- Consumer Price Index retroactive series using current methods (R-CPI-U-RS)