Age of householder
Per the latest American Community Survey by the Census Bureau, Fenwick sees its highest median household income among householders in the age group of 65 years and over old, at $117,549. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Fenwick only reports a median household income of $117,549 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 $29,288(33.18%), escalating from a median of $88,261 in 2011 to $117,549 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 4(18.18%) households with a householder aged between 45 and 64 years.
- 18(81.82%) households where the householder is over 65 years old.
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Gender
In Fenwick, the population consists of 16 males (40.00%) and 24 females (60.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fenwick, while the Census reported a median income of $185,106 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $270,229 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Fenwick, while the Census reported a median income of $185,106 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Fenwick, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $270,229 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Fenwick, the population is predominantly White, constituting 100% 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 $127,007.
- In Fenwick, White is both the largest group and the one with the highest median household income, which stands at $127,007.
- In Fenwick, the median household income for the households where the householder is White decreased by $11,923(8.58%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $138,930 in 2011 and $127,007 in 2021.
- As per the U.S. Census Bureau population data, in Fenwick, 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
Fenwick, CT median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fenwick decreased by $27,317 (17.70%), 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 2015 to 2016, when the median household income increased by 47,776 (from $209,834 to $257,610). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 70,483 (from $257,610 to $187,127).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.6333, it is evident that income distribution in Fenwick, CT exihibits characterstics of high inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $24,733.
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