Age of householder
Per the latest American Community Survey by the Census Bureau, Grandview town sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,008. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grandview town, where there exist only two delineated age groups, the median household income is $68,008 for householders within the 45 to 64 years age group, compared to $56,411 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $4,108(7.85%), escalating from a median of $52,303 in 2011 to $56,411 in 2021.
- 0 households where the householder is under 25 years old.
- 27(12.16%) households with a householder aged between 25 and 44 years.
- 103(46.40%) households with a householder aged between 45 and 64 years.
- 92(41.44%) households where the householder is over 65 years old.
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Gender
In Grandview town, the population consists of 246 males (47.04%) and 277 females (52.96%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grandview town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,979 for males and $35,805 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,397 for males and $55,127 for females.
- In Grandview town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,979 for males and $35,805 for females.
- In Grandview town, for all full-time workers aged 15 years and older, the median income was equal at, $55,127 for both males and females. This indicates a gender income balance in Grandview town, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Grandview town, the population is predominantly White, constituting 93.31% 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 $65,271.
- In Grandview town, White is both the largest group and the one with the highest median household income, which stands at $65,271.
- In Grandview town, the median household income for the households where the householder is White increased by $8,807(15.60%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,464 in 2011 and $65,271 in 2021.
- As per the U.S. Census Bureau population data, in Grandview 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.
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Year by year
Grandview, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grandview town increased by $6,497 (11.40%), 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 2015 to 2016, when the median household income increased by 3,852 (from $51,526 to $55,378). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 2,497 (from $58,575 to $56,078).
- It then further increased to $50,668 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3513, it is evident that income distribution in Grandview, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $68,064. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,575.
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