Age of householder
Per the latest American Community Survey by the Census Bureau, Grand Lake Stream plantation sees its highest median household income among householders in the age group of 65 years and over old, at $74,241. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grand Lake Stream plantation, where there exist only two delineated age groups, the median household income is $74,241 for householders within the 65 years and over age group, compared to $40,985 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 $19,894(36.61%), escalating from a median of $54,347 in 2011 to $74,241 in 2021.
- 0 households where the householder is under 25 years old.
- 4(4.49%) households with a householder aged between 25 and 44 years.
- 17(19.10%) households with a householder aged between 45 and 64 years.
- 68(76.40%) households where the householder is over 65 years old.
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Gender
In Grand Lake Stream plantation, the population consists of 67 males (40.61%) and 98 females (59.39%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grand Lake Stream plantation, the median income for all workers aged 15 years and older, regardless of work hours, was $47,515 for males and $24,996 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $28,374 for males and $26,122 for females.
- In Grand Lake Stream plantation, the median income for all workers aged 15 years and older, regardless of work hours, was $47,515 for males and $24,996 for females.
- In Grand Lake Stream plantation, among full-time, year-round workers aged 15 years and older, males earned a median income of $28,374, while females earned $26,122, resulting in a 8% gender pay gap among full-time workers. This illustrates that women earn 92 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 plantation of Grand Lake Stream plantation.
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Race
In Grand Lake Stream plantation, the population is predominantly White, constituting 81.21% 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 $69,359.
- In Grand Lake Stream plantation, White is both the largest group and the one with the highest median household income, which stands at $69,359.
- In Grand Lake Stream plantation, the median household income for the households where the householder is White increased by $12,357(21.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,002 in 2011 and $69,359 in 2021.
- As per the U.S. Census Bureau population data, in Grand Lake Stream plantation, 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.
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Year by year
Grand Lake Stream Plantation, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grand Lake Stream plantation increased by $29,949 (75.56%), 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 2010 to 2011, when the median household income increased by 17,367 (from $39,635 to $57,002). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 16,703 (from $62,439 to $45,736).
- It then further increased to $73,814 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3078, it is evident that income distribution in Grand Lake Stream Plantation, Maine exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $51,650.
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