Age of householder
Per the latest American Community Survey by the Census Bureau, East New Market sees its highest median household income among householders in the age group of 45 to 64 years old, at $98,903. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in East New Market, where there exist only two delineated age groups, the median household income is $98,903 for householders within the 45 to 64 years age group, compared to $41,435 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $28,948(41.38%), escalating from a median of $69,955 in 2011 to $98,903 in 2021.
- 0 households where the householder is under 25 years old.
- 30(20.83%) households with a householder aged between 25 and 44 years.
- 56(38.89%) households with a householder aged between 45 and 64 years.
- 58(40.28%) households where the householder is over 65 years old.
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Gender
In East New Market, the population consists of 177 males (45.15%) and 215 females (54.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In East New Market, the median income for all workers aged 15 years and older, regardless of work hours, was $49,220 for males and $23,320 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,342 for males and $61,702 for females.
- In East New Market, the median income for all workers aged 15 years and older, regardless of work hours, was $49,220 for males and $23,320 for females.
- In East New Market, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,342, while females earned $61,702
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Race
In East New Market, the population is predominantly White, constituting 77.04% 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 $58,099.
- In East New Market, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $92,958. This reveals that, while Whites may be the most numerous in East New Market, Black or African American households experience greater economic prosperity in terms of median household income.
- In East New Market, the median household income for the households where the householder is White decreased by $11,203(16.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,302 in 2011 and $58,099 in 2021.
- In East New Market, the median household income for the households where the householder is Black or African American increased by $45,558(96.11%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,400 in 2011 and $92,958 in 2021.
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Year by year
East New Market, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for East New Market decreased by $14,909 (19.69%), 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 2017 to 2018, when the median household income increased by 13,117 (from $53,519 to $66,636). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 14,689 (from $75,710 to $61,021).
- It then further increased to $154,841 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4616, it is evident that income distribution in East New Market, MD exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $29,320.
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