Age of householder
Per the latest American Community Survey by the Census Bureau, Greenville town sees its highest median household income among householders in the age group of 65 years and over old, at $58,034. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Greenville town, where there exist only two delineated age groups, the median household income is $58,034 for householders within the 65 years and over age group, compared to $42,207 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 $24,799(74.62%), escalating from a median of $33,235 in 2011 to $58,034 in 2021.
- 0 households where the householder is under 25 years old.
- 90(14.11%) households with a householder aged between 25 and 44 years.
- 272(42.63%) households with a householder aged between 45 and 64 years.
- 276(43.26%) households where the householder is over 65 years old.
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Gender
In Greenville town, the population consists of 778 males (53.14%) and 686 females (46.86%). Here are the primary highlights from the gender-based income distribution analysis:
- In Greenville town, the median income for all workers aged 15 years and older, regardless of work hours, was $35,398 for males and $23,902 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $36,859 for males and $59,778 for females.
- In Greenville town, the median income for all workers aged 15 years and older, regardless of work hours, was $35,398 for males and $23,902 for females.
- In Greenville town, among full-time, year-round workers aged 15 years and older, males earned a median income of $36,859, while females earned $59,778
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Race
In Greenville town, the population is predominantly White, constituting 97.34% 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 $45,910.
- In Greenville town, White is both the largest group and the one with the highest median household income, which stands at $45,910.
- In Greenville town, the median household income for the households where the householder is White decreased by $6,393(12.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,303 in 2011 and $45,910 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Greenville, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Greenville town decreased by $9,500 (17.32%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 9,263 (from $43,809 to $53,072). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 9,444 (from $59,512 to $50,068).
- It then further increased to $58,067 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4264, it is evident that income distribution in Greenville, Maine exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $58,003. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,506.
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