Age of householder
Per the latest American Community Survey by the Census Bureau, Cranberry Isles town sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,039. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Cranberry Isles town, where there exist only two delineated age groups, the median household income is $68,039 for householders within the 45 to 64 years age group, compared to $57,829 for 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 $12,453(17.72%), declining from a median of $70,282 in 2011 to $57,829 in 2021.
- 5(6.85%) households where the householder is under 25 years old.
- 5(6.85%) households with a householder aged between 25 and 44 years.
- 29(39.73%) households with a householder aged between 45 and 64 years.
- 34(46.58%) households where the householder is over 65 years old.
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Gender
In Cranberry Isles town, the population consists of 50 males (41.67%) and 70 females (58.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Cranberry Isles town, the median income for all workers aged 15 years and older, regardless of work hours, was $58,099 for males and $34,679 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $53,370 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Cranberry Isles town, the median income for all workers aged 15 years and older, regardless of work hours, was $58,099 for males and $34,679 for females.
- In Cranberry Isles town, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $53,370 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Cranberry Isles 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 $63,504.
- In Cranberry Isles town, White is both the largest group and the one with the highest median household income, which stands at $63,504.
- In Cranberry Isles town, the median household income for the households where the householder is White decreased by $2,964(4.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,468 in 2011 and $63,504 in 2021.
- As per the U.S. Census Bureau population data, in Cranberry Isles 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
Cranberry Isles, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Cranberry Isles town increased by $17,122 (36.92%), 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 15,728 (from $46,382 to $62,110). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 13,089 (from $77,461 to $64,372).
- It then further increased to $69,209 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.382, it is evident that income distribution in Cranberry Isles, Maine exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $69,359. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,080.
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