Age of householder
Per the latest American Community Survey by the Census Bureau, Fontana-On-Geneva Lake sees its highest median household income among householders in the age group of 45 to 64 years old, at $141,735. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Fontana-On-Geneva Lake, the median household income stands at $141,735 for householders within the 45 to 64 years age group, followed by $112,724 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 $84,201.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $1,881(2.19%), declining from a median of $86,082 in 2011 to $84,201 in 2021.
- 10(0.85%) households where the householder is under 25 years old.
- 162(13.80%) households with a householder aged between 25 and 44 years.
- 445(37.90%) households with a householder aged between 45 and 64 years.
- 557(47.44%) households where the householder is over 65 years old.
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Gender
In Fontana-On-Geneva Lake, the population consists of 1,297 males (49.30%) and 1,334 females (50.70%). Here are the primary highlights from the gender-based income distribution analysis:
- In Fontana-On-Geneva Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $60,273 for males and $37,736 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $124,155 for males and $80,646 for females.
- In Fontana-On-Geneva Lake, the median income for all workers aged 15 years and older, regardless of work hours, was $60,273 for males and $37,736 for females.
- In Fontana-On-Geneva Lake, among full-time, year-round workers aged 15 years and older, males earned a median income of $124,155, while females earned $80,646, 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 Fontana-On-Geneva Lake, the population is predominantly White, constituting 95.71% 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 $99,714.
- In Fontana-On-Geneva Lake, White is both the largest group and the one with the highest median household income, which stands at $99,714.
- In Fontana-On-Geneva Lake, the median household income for the households where the householder is White decreased by $19,000(16%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $118,714 in 2011 and $99,714 in 2021.
- As per the U.S. Census Bureau population data, in Fontana-On-Geneva Lake, 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
Fontana-On-Geneva Lake, WI median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Fontana-On-Geneva Lake decreased by $2,496 (2.47%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 17,855 (from $100,859 to $118,714). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,520 (from $118,714 to $108,194).
- It then further increased to $189,160 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5118, it is evident that income distribution in Fontana-On-Geneva Lake, WI exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $112,572. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $59,052.
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