Age of householder
Per the latest American Community Survey by the Census Bureau, Ford Heights sees its highest median household income among householders in the age group of 65 years and over old, at $44,342. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Ford Heights, where there exist only two delineated age groups, the median household income is $44,342 for householders within the 65 years and over age group, compared to $42,881 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $16,760(60.76%), escalating from a median of $27,582 in 2011 to $44,342 in 2021.
- 0 households where the householder is under 25 years old.
- 125(21.33%) households with a householder aged between 25 and 44 years.
- 249(42.49%) households with a householder aged between 45 and 64 years.
- 212(36.18%) households where the householder is over 65 years old.
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Gender
In Ford Heights, the population consists of 816 males (47.50%) and 902 females (52.50%). Here are the primary highlights from the gender-based income distribution analysis:
- In Ford Heights, the median income for all workers aged 15 years and older, regardless of work hours, was $21,823 for males and $14,468 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $29,375 for males and $47,936 for females.
- In Ford Heights, the median income for all workers aged 15 years and older, regardless of work hours, was $21,823 for males and $14,468 for females.
- In Ford Heights, among full-time, year-round workers aged 15 years and older, males earned a median income of $29,375, while females earned $47,936
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Race
In Ford Heights, the population is predominantly Black or African American, constituting 91.91% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $41,054.
- In Ford Heights, Black or African American is both the largest group and the one with the highest median household income, which stands at $41,054.
- In Ford Heights, the median household income for White households was $65,197 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Ford Heights, the median household income for the households where the householder is Black or African American increased by $13,774(50.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $27,280 in 2011 and $41,054 in 2021.
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Year by year
Ford Heights, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Ford Heights increased by $11,379 (38.48%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 6,966 (from $21,258 to $28,224). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 6,912 (from $28,170 to $21,258).
- It then further decreased to 2,701 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4498, it is evident that income distribution in Ford Heights, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $45,939. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $31,011.
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