Age of householder
Per the latest American Community Survey by the Census Bureau, Edgartown town sees its highest median household income among householders in the age group of 45 to 64 years old, at $135,289. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Edgartown town, the median household income stands at $135,289 for householders within the 45 to 64 years age group, followed by $68,780 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $62,101.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $64,494(91.10%), escalating from a median of $70,795 in 2011 to $135,289 in 2021.
- 0 households where the householder is under 25 years old.
- 209(14.92%) households with a householder aged between 25 and 44 years.
- 667(47.61%) households with a householder aged between 45 and 64 years.
- 525(37.47%) households where the householder is over 65 years old.
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Gender
In Edgartown town, the population consists of 2,423 males (47.66%) and 2,661 females (52.34%). Here are the primary highlights from the gender-based income distribution analysis:
- In Edgartown town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,508 for males and $38,740 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $86,165 for males and $86,768 for females.
- In Edgartown town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,508 for males and $38,740 for females.
- In Edgartown town, among full-time, year-round workers aged 15 years and older, males earned a median income of $86,165, while females earned $86,768
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Race
In Edgartown town, the population is predominantly White, constituting 82.34% 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 $95,931.
- In Edgartown town, 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 $227,483. This reveals that, while Whites may be the most numerous in Edgartown town, Black or African American households experience greater economic prosperity in terms of median household income.
- In Edgartown town, the median household income for the households where the householder is White decreased by $1,903(1.95%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $97,834 in 2011 and $95,931 in 2021.
- In Edgartown town, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $227,483(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
Edgartown, Massachusetts median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Edgartown town decreased by $11,421 (12.52%), 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 2018 to 2019, when the median household income increased by 14,830 (from $75,767 to $90,597). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 15,866 (from $97,040 to $81,174).
- It then further increased to $146,139 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4726, it is evident that income distribution in Edgartown, Massachusetts exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $120,702. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $56,814.
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