Age of householder
Per the latest American Community Survey by the Census Bureau, Forest Heights sees its highest median household income among householders in the age group of 25 to 44 years old, at $120,611. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Forest Heights, the median household income stands at $120,611 for householders within the 25 to 44 years age group, followed by $93,410 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $92,813.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $22,260(22.63%), escalating from a median of $98,351 in 2011 to $120,611 in 2021.
- 6(0.83%) households where the householder is under 25 years old.
- 182(25.17%) households with a householder aged between 25 and 44 years.
- 312(43.15%) households with a householder aged between 45 and 64 years.
- 223(30.84%) households where the householder is over 65 years old.
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Gender
In Forest Heights, the population consists of 1,260 males (47.51%) and 1,392 females (52.49%). Here are the primary highlights from the gender-based income distribution analysis:
- In Forest Heights, the median income for all workers aged 15 years and older, regardless of work hours, was $47,807 for males and $36,167 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $62,603 for males and $70,645 for females.
- In Forest Heights, the median income for all workers aged 15 years and older, regardless of work hours, was $47,807 for males and $36,167 for females.
- In Forest Heights, among full-time, year-round workers aged 15 years and older, males earned a median income of $62,603, while females earned $70,645
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Race
In Forest Heights, the population is predominantly Black or African American, constituting 62.29% 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 $100,255.
- In Forest Heights, Black or African American is both the largest group and the one with the highest median household income, which stands at $100,255.
- In Forest Heights, the median household income for the households where the householder is White increased by $10,228(12.42%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,377 in 2011 and $92,605 in 2021.
- In Forest Heights, the median household income for the households where the householder is Black or African American decreased by $83(0.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,338 in 2011 and $100,255 in 2021.
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Year by year
Forest Heights, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Forest Heights decreased by $5,351 (5.39%), 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 2019 to 2020, when the median household income increased by 12,903 (from $96,004 to $108,907). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 14,952 (from $108,907 to $93,955).
- It then further increased to $93,589 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3123, it is evident that income distribution in Forest Heights, MD exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $100,930. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $87,245.
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