Age of householder
Per the latest American Community Survey by the Census Bureau, Fennimore town sees its highest median household income among householders in the age group of 45 to 64 years old, at $89,325. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fennimore town, where there exist only two delineated age groups, the median household income is $89,325 for householders within the 45 to 64 years age group, compared to $62,963 for 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 $18,832(42.67%), escalating from a median of $44,131 in 2011 to $62,963 in 2021.
- 2(0.84%) households where the householder is under 25 years old.
- 99(41.42%) households with a householder aged between 25 and 44 years.
- 79(33.05%) households with a householder aged between 45 and 64 years.
- 59(24.69%) households where the householder is over 65 years old.
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Gender
In Fennimore town, the population consists of 408 males (49.94%) and 409 females (50.06%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fennimore town, the median income for all workers aged 15 years and older, regardless of work hours, was $33,779 for males and $23,583 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $37,156 for males and $48,641 for females.
- In Fennimore town, the median income for all workers aged 15 years and older, regardless of work hours, was $33,779 for males and $23,583 for females.
- In Fennimore town, among full-time, year-round workers aged 15 years and older, males earned a median income of $37,156, while females earned $48,641
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Race
In Fennimore town, the population is predominantly White, constituting 99.51% 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 $57,086.
- In Fennimore town, White is both the largest group and the one with the highest median household income, which stands at $57,086.
- In Fennimore town, the median household income for the households where the householder is White decreased by $1,551(2.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,637 in 2011 and $57,086 in 2021.
- As per the U.S. Census Bureau population data, in Fennimore town, 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
Fennimore Town, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fennimore town increased by $304 (0.53%), 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 2014 to 2015, when the median household income increased by 4,204 (from $63,602 to $67,806). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 7,304 (from $63,152 to $55,848).
- It then further decreased to 28,285 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4366, it is evident that income distribution in Fennimore Town, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $61,252. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,454.
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