Age of householder
Per the latest American Community Survey by the Census Bureau, Eau Claire sees its highest median household income among householders in the age group of 45 to 64 years old, at $80,393. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Eau Claire, where there exist only two delineated age groups, the median household income is $80,393 for householders within the 45 to 64 years age group, compared to $50,217 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $22,486(38.83%), escalating from a median of $57,907 in 2011 to $80,393 in 2021.
- 7(3.15%) households where the householder is under 25 years old.
- 99(44.59%) households with a householder aged between 25 and 44 years.
- 58(26.13%) households with a householder aged between 45 and 64 years.
- 58(26.13%) households where the householder is over 65 years old.
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Gender
In Eau Claire, the population consists of 433 males (57.05%) and 326 females (42.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Eau Claire, the median income for all workers aged 15 years and older, regardless of work hours, was $32,075 for males and $23,194 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,377 for males and $34,117 for females.
- In Eau Claire, the median income for all workers aged 15 years and older, regardless of work hours, was $32,075 for males and $23,194 for females.
- In Eau Claire, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,377, while females earned $34,117, leading to a 35% gender pay gap among full-time workers. This illustrates that women earn 65 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Eau Claire, the population is predominantly White, constituting 74.31% 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 $53,063.
- In Eau Claire, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $99,534. This reveals that, while Whites may be the most numerous in Eau Claire, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Eau Claire, the median household income for the households where the householder is White increased by $3,484(7.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $49,579 in 2011 and $53,063 in 2021.
- In Eau Claire, the median household income for Black or African American households was $144,379 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Eau Claire, MI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Eau Claire increased by $2,384 (4.77%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 7,202 (from $56,887 to $64,089). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 9,997 (from $62,323 to $52,326).
- It then further increased to $48,304 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.356, it is evident that income distribution in Eau Claire, MI exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $54,721. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,536.
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