Age of householder
Per the latest American Community Survey by the Census Bureau, East Finley township sees its highest median household income among householders in the age group of 25 to 44 years old, at $104,161. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in East Finley township, where there exist only two delineated age groups, the median household income is $104,161 for householders within the 25 to 44 years age group, compared to $55,547 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $27,341(35.59%), escalating from a median of $76,820 in 2011 to $104,161 in 2021.
- 35(6.38%) households where the householder is under 25 years old.
- 142(25.87%) households with a householder aged between 25 and 44 years.
- 244(44.44%) households with a householder aged between 45 and 64 years.
- 128(23.32%) households where the householder is over 65 years old.
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Gender
In East Finley township, the population consists of 767 males (52.04%) and 707 females (47.96%). Here are the primary highlights from the gender-based income distribution analysis:
- In East Finley township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,941 for males and $30,754 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,842 for males and $51,923 for females.
- In East Finley township, the median income for all workers aged 15 years and older, regardless of work hours, was $47,941 for males and $30,754 for females.
- In East Finley township, among full-time, year-round workers aged 15 years and older, males earned a median income of $63,842, while females earned $51,923, leading to a 19% gender pay gap among full-time workers. This illustrates that women earn 81 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 East Finley township, the population is predominantly White, constituting 97.69% 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 $81,466.
- In East Finley township, White is both the largest group and the one with the highest median household income, which stands at $81,466.
- In East Finley township, the median household income for the households where the householder is White increased by $14,657(21.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,809 in 2011 and $81,466 in 2021.
- As per the U.S. Census Bureau population data, in East Finley township, 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
East Finley Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for East Finley township increased by $12,379 (19.21%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 14,908 (from $65,066 to $79,974). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 5,565 (from $70,631 to $65,066).
- It then further increased to $127,007 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4433, it is evident that income distribution in East Finley Township, Pennsylvania exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,272.
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