Age of householder
Per the latest American Community Survey by the Census Bureau, Glen Allen sees its highest median household income among householders in the age group of 25 to 44 years old, at $97,958. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Glen Allen, where there exist only two delineated age groups, the median household income is $97,958 for householders within the 25 to 44 years age group, compared to $37,982 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $34,809(55.12%), escalating from a median of $63,149 in 2011 to $97,958 in 2021.
- 0 households where the householder is under 25 years old.
- 23(16.20%) households with a householder aged between 25 and 44 years.
- 68(47.89%) households with a householder aged between 45 and 64 years.
- 51(35.92%) households where the householder is over 65 years old.
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Gender
In Glen Allen, the population consists of 209 males (45.93%) and 246 females (54.07%). Here are the primary highlights from the gender-based income distribution analysis:
- In Glen Allen, the median income for all workers aged 15 years and older, regardless of work hours, was $15,133 for males and $32,833 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $33,989 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Glen Allen, the median income for all workers aged 15 years and older, regardless of work hours, was $15,133 for males and $32,833 for females.
- In Glen Allen, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $33,989 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Glen Allen, the population is predominantly White, constituting 84.40% 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 $45,211.
- In Glen Allen, White is both the largest group and the one with the highest median household income, which stands at $45,211.
- In Glen Allen, the median household income for the households where the householder is White decreased by $9,544(17.43%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $54,755 in 2011 and $45,211 in 2021.
- In Glen Allen, the median household income for the households where the householder is Black or African American decreased by $5,355(11.79%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,438 in 2011 and $40,083 in 2021.
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Year by year
Glen Allen, AL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Glen Allen decreased by $2,679 (5.61%), 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 2016 to 2017, when the median household income increased by 24,188 (from $31,202 to $55,390). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 15,934 (from $55,390 to $39,456).
- It then further increased to $85,122 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4031, it is evident that income distribution in Glen Allen, AL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $19,367.
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