Age of householder
Per the latest American Community Survey by the Census Bureau, Fairview sees its highest median household income among householders in the age group of 65 years and over old, at $57,874. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Fairview only reports a median household income of $57,874 among householders in 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 $22,324(62.80%), escalating from a median of $35,550 in 2011 to $57,874 in 2021.
- 6(3.08%) households where the householder is under 25 years old.
- 33(16.92%) households with a householder aged between 25 and 44 years.
- 55(28.21%) households with a householder aged between 45 and 64 years.
- 101(51.79%) households where the householder is over 65 years old.
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Gender
In Fairview, the population consists of 215 males (66.56%) and 108 females (33.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fairview, the median income for all workers aged 15 years and older, regardless of work hours, was $56,952 for males and $21,618 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,730 for males and $35,130 for females.
- In Fairview, the median income for all workers aged 15 years and older, regardless of work hours, was $56,952 for males and $21,618 for females.
- In Fairview, among full-time, year-round workers aged 15 years and older, males earned a median income of $57,730, while females earned $35,130, leading to a 39% gender pay gap among full-time workers. This illustrates that women earn 61 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 Fairview, the population is predominantly White, constituting 79.88% 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 $58,161.
- In Fairview, White is both the largest group and the one with the highest median household income, which stands at $58,161.
- In Fairview, the median household income for the households where the householder is White increased by $12,723(28%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,438 in 2011 and $58,161 in 2021.
- In Fairview, the median household income for Black or African American households was $40,862 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
Fairview, KS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fairview increased by $13,133 (29.57%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 13,636 (from $43,537 to $57,173). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 19,565 (from $63,102 to $43,537).
- It then further increased to $79,267 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3559, it is evident that income distribution in Fairview, KS exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,992.
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