Age of householder
Per the latest American Community Survey by the Census Bureau, Glen Echo Park sees its highest median household income among householders in the age group of 45 to 64 years old, at $81,068. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Glen Echo Park, the median household income stands at $81,068 for householders within the 45 to 64 years age group, followed by $58,099 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 $53,145.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $4,061(7.10%), declining from a median of $57,206 in 2011 to $53,145 in 2021.
- 0 households where the householder is under 25 years old.
- 6(13.64%) households with a householder aged between 25 and 44 years.
- 20(45.45%) households with a householder aged between 45 and 64 years.
- 18(40.91%) households where the householder is over 65 years old.
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Gender
In Glen Echo Park, the population consists of 56 males (54.37%) and 47 females (45.63%). Here are the primary highlights from the gender-based income distribution analysis:
- In Glen Echo Park, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $25,672 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $48,641 for males and $49,992 for females.
- In Glen Echo Park, the median income for all workers aged 15 years and older, regardless of work hours, was $45,939 for males and $25,672 for females.
- In Glen Echo Park, among full-time, year-round workers aged 15 years and older, males earned a median income of $48,641, while females earned $49,992
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Race
In Glen Echo Park, the population is predominantly Black or African American, constituting 96.12% 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 $60,351.
- In Glen Echo Park, Black or African American is both the largest group and the one with the highest median household income, which stands at $60,351.
- In Glen Echo Park, the median household income for White households was $128,578 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Glen Echo Park, the median household income for the households where the householder is Black or African American decreased by $45,236(42.84%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $105,587 in 2011 and $60,351 in 2021.
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Year by year
Glen Echo Park, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Glen Echo Park decreased by $45,663 (43.07%), 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 2016 to 2017, when the median household income increased by 24,813 (from $78,481 to $103,294). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 42,169 (from $111,976 to $69,807).
- It then further increased to $154,030 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3886, it is evident that income distribution in Glen Echo Park, MO exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,526. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,183.
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