Age of householder
Per the latest American Community Survey by the Census Bureau, Grosse Ile township sees its highest median household income among householders in the age group of 25 to 44 years old, at $156,978. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Grosse Ile township, the median household income stands at $156,978 for householders within the 25 to 44 years age group, followed by $154,255 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $87,971.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $28,481(22.16%), escalating from a median of $128,497 in 2011 to $156,978 in 2021.
- 7(0.17%) households where the householder is under 25 years old.
- 656(15.47%) households with a householder aged between 25 and 44 years.
- 1,747(41.19%) households with a householder aged between 45 and 64 years.
- 1,831(43.17%) households where the householder is over 65 years old.
Read more about Grosse Ile Township, Michigan median household income by age ➔
Gender
In Grosse Ile township, the population consists of 5,047 males (47.25%) and 5,635 females (52.75%). Here are the primary highlights from the gender-based income distribution analysis:
- In Grosse Ile township, the median income for all workers aged 15 years and older, regardless of work hours, was $77,620 for males and $38,525 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $109,974 for males and $76,834 for females.
- In Grosse Ile township, the median income for all workers aged 15 years and older, regardless of work hours, was $77,620 for males and $38,525 for females.
- In Grosse Ile township, among full-time, year-round workers aged 15 years and older, males earned a median income of $109,974, while females earned $76,834, leading to a 30% gender pay gap among full-time workers. This illustrates that women earn 70 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Grosse Ile Township, Michigan income by gender ➔
Race
In Grosse Ile township, the population is predominantly White, constituting 93.86% 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 $125,656.
- In Grosse Ile township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $205,953. This reveals that, while Whites may be the most numerous in Grosse Ile township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Grosse Ile township, the median household income for the households where the householder is White increased by $13,931(12.47%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $111,725 in 2011 and $125,656 in 2021.
- In Grosse Ile township, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $84,821(2022 inflation-adjusted dollars), marking a significant change.
Read more about Grosse Ile Township, Michigan median household income by race ➔
Year by year
Grosse Ile Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Grosse Ile township increased by $13,388 (12.23%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 5,573 (from $121,519 to $127,092). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 4,253 (from $127,092 to $122,839).
- It then further increased to $132,231 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4372, it is evident that income distribution in Grosse Ile Township, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $148,085. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $60,850.
Read more about Grosse Ile Township, Michigan median household income ➔