Age of householder
Per the latest American Community Survey by the Census Bureau, Eagle Lake town sees its highest median household income among householders in the age group of 45 to 64 years old, at $70,109. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Eagle Lake town, where there exist only two delineated age groups, the median household income is $70,109 for householders within the 45 to 64 years age group, compared to $33,863 for 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 $3,789(12.60%), escalating from a median of $30,074 in 2011 to $33,863 in 2021.
- 6(2.70%) households where the householder is under 25 years old.
- 20(9.01%) households with a householder aged between 25 and 44 years.
- 85(38.29%) households with a householder aged between 45 and 64 years.
- 111(50%) households where the householder is over 65 years old.
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Gender
In Eagle Lake town, the population consists of 294 males (50.34%) and 290 females (49.66%). Here are the primary highlights from the gender-based income distribution analysis:
- In Eagle Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $27,230 for males and $17,818 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $29,218 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Eagle Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $27,230 for males and $17,818 for females.
- In Eagle Lake town, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $29,218 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Eagle Lake town, the population is predominantly White, constituting 99.14% 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 $39,859.
- In Eagle Lake town, White is both the largest group and the one with the highest median household income, which stands at $39,859.
- In Eagle Lake town, the median household income for the households where the householder is White decreased by $13,671(25.54%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,530 in 2011 and $39,859 in 2021.
- As per the U.S. Census Bureau population data, in Eagle Lake 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
Eagle Lake, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Eagle Lake town decreased by $6,354 (13.75%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 7,317 (from $46,213 to $53,530). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,730 (from $53,530 to $42,800).
- It then further increased to $89,561 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4318, it is evident that income distribution in Eagle Lake, Maine exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $50,403.
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