Age of householder
Per the latest American Community Survey by the Census Bureau, Greece town sees its highest median household income among householders in the age group of 45 to 64 years old, at $85,186. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Greece town, householders within the 45 to 64 years age group have the highest median household income at $85,186, followed by those in the 25 to 44 years age group with an income of $71,225. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $49,977. Notably, householders within the under 25 years age group, had the lowest median household income at $36,991.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $4,221(9.23%), escalating from a median of $45,756 in 2012 to $49,977 in 2022.
- 697(1.59%) households where the householder is under 25 years old.
- 12,902(29.40%) households with a householder aged between 25 and 44 years.
- 14,674(33.44%) households with a householder aged between 45 and 64 years.
- 15,612(35.57%) households where the householder is over 65 years old.
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Gender
In Greece town, the population consists of 47,141 males (48.68%) and 49,698 females (51.32%). Here are the primary highlights from the gender-based income distribution analysis:
- In Greece town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,504 for males and $33,147 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,166 for males and $52,666 for females.
- In Greece town, the median income for all workers aged 15 years and older, regardless of work hours, was $46,504 for males and $33,147 for females.
- In Greece town, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,166, while females earned $52,666, resulting in a 14% gender pay gap among full-time workers. This illustrates that women earn 86 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 Greece town.
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Race
In Greece town, the population is predominantly White, constituting 82.02% 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 $70,182.
- In Greece town, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $100,223. This reveals that, while Whites may be the most numerous in Greece town, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Greece town, the median household income for the households where the householder is White increased by $576(0.83%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $69,606 in 2012 and $70,182 in 2022.
- In Greece town, the median household income for Black or African American households was $52,377 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Greece, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Greece town increased by $3,426 (4.71%), 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 2019 to 2020, when the median household income increased by 2,520 (from $72,467 to $74,987). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 1,569 (from $70,309 to $68,740).
- It then further decreased to -666,666,666 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4416, it is evident that income distribution in Greece, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,950. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,086.
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