Age of householder
Per the latest American Community Survey by the Census Bureau, Cottage Grove sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,571. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cottage Grove, the median household income stands at $68,571 for householders within the 45 to 64 years age group, followed by $44,588 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $44,588.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $9,719(27.87%), escalating from a median of $34,869 in 2011 to $44,588 in 2021.
- 0 households where the householder is under 25 years old.
- 6(22.22%) households with a householder aged between 25 and 44 years.
- 13(48.15%) households with a householder aged between 45 and 64 years.
- 8(29.63%) households where the householder is over 65 years old.
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Gender
In Cottage Grove, the population consists of 30 males (44.12%) and 38 females (55.88%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cottage Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $41,885 for males and $18,646 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $59,450 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Cottage Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $41,885 for males and $18,646 for females.
- In Cottage Grove, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $59,450 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Cottage Grove, the population is predominantly White, constituting 89.71% 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 $47,965.
- In Cottage Grove, White is both the largest group and the one with the highest median household income, which stands at $47,965.
- In Cottage Grove, the median household income for the households where the householder is White decreased by $13,328(21.74%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,293 in 2011 and $47,965 in 2021.
- As per the U.S. Census Bureau population data, in Cottage Grove, 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
Cottage Grove, TN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cottage Grove decreased by $12,753 (21%), 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 2019 to 2020, when the median household income increased by 10,014 (from $38,752 to $48,766). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 8,010 (from $46,762 to $38,752).
- It then further decreased to 46,614 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3344, it is evident that income distribution in Cottage Grove, TN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $37,405.
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