Age of householder
Per the latest American Community Survey by the Census Bureau, Gulf Port sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,908. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Gulf Port only reports a median household income of $68,908 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $53,030(333.98%), escalating from a median of $15,878 in 2011 to $68,908 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 20(74.07%) households with a householder aged between 45 and 64 years.
- 7(25.93%) households where the householder is over 65 years old.
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Race
In Gulf Port, the population is predominantly White, constituting 90% 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 $68,683.
- In Gulf Port, White is both the largest group and the one with the highest median household income, which stands at $68,683.
- In Gulf Port, the median household income for the households where the householder is White increased by $50,704(282.02%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $17,979 in 2011 and $68,683 in 2021.
- As per the U.S. Census Bureau population data, in Gulf Port, 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
Gulf Port, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gulf Port increased by $49,529 (258.58%), 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 2019 to 2020, when the median household income increased by 29,982 (from $66,740 to $96,722). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 28,039 (from $96,722 to $68,683).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2881, it is evident that income distribution in Gulf Port, IL exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,852.
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