Age of householder
Per the latest American Community Survey by the Census Bureau, Forest town sees its highest median household income among householders in the age group of 45 to 64 years old, at $106,740. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Forest town, the median household income stands at $106,740 for householders within the 45 to 64 years age group, followed by $57,146 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 $34,454.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $39,545(58.85%), escalating from a median of $67,195 in 2011 to $106,740 in 2021.
- 0 households where the householder is under 25 years old.
- 93(35.50%) households with a householder aged between 25 and 44 years.
- 94(35.88%) households with a householder aged between 45 and 64 years.
- 75(28.63%) households where the householder is over 65 years old.
Read more about Forest Town, Vernon County, Wisconsin median household income by age ➔
Gender
In Forest town, the population consists of 390 males (52.07%) and 359 females (47.93%). Here are the primary highlights from the gender-based income distribution analysis:
- In Forest town, the median income for all workers aged 15 years and older, regardless of work hours, was $44,588 for males and $27,474 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,199 for males and $55,397 for females.
- In Forest town, the median income for all workers aged 15 years and older, regardless of work hours, was $44,588 for males and $27,474 for females.
- In Forest town, among full-time, year-round workers aged 15 years and older, males earned a median income of $57,199, while females earned $55,397, resulting in a 3% gender pay gap among full-time workers. This illustrates that women earn 97 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the town of Forest town.
Read more about Forest Town, Vernon County, Wisconsin income by gender ➔
Race
In Forest town, the population is predominantly White, constituting 86.92% 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 $58,312.
- In Forest town, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $91,427. This reveals that, while Whites may be the most numerous in Forest town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Forest town, the median household income for the households where the householder is White increased by $3,335(6.07%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,977 in 2011 and $58,312 in 2021.
- As per the U.S. Census Bureau population data, in Forest 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.
Read more about Forest Town, Vernon County, Wisconsin median household income by race ➔
Year by year
Forest Town, Vernon County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Forest town increased by $9,960 (20.72%), 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 2013 to 2014, when the median household income increased by 9,559 (from $55,594 to $65,153). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 5,103 (from $59,370 to $54,267).
- It then further increased to $123,629 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3668, it is evident that income distribution in Forest Town, Vernon County, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $71,610. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $34,387.
Read more about Forest Town, Vernon County, Wisconsin median household income ➔