Age of householder
Per the latest American Community Survey by the Census Bureau, Gull Lake town sees its highest median household income among householders in the age group of 45 to 64 years old, at $63,166. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Gull Lake town only reports a median household income of $63,166 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $6,844(9.78%), declining from a median of $70,010 in 2011 to $63,166 in 2021.
- 0 households where the householder is under 25 years old.
- 15(11.28%) households with a householder aged between 25 and 44 years.
- 46(34.59%) households with a householder aged between 45 and 64 years.
- 72(54.14%) households where the householder is over 65 years old.
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Gender
In Gull Lake town, the population consists of 133 males (49.81%) and 134 females (50.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Gull Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $29,582 for males and $42,936 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $57,423 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Gull Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $29,582 for males and $42,936 for females.
- In Gull Lake town, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $57,423 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Gull Lake town, the population is predominantly White, constituting 99.25% 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 $66,657.
- In Gull Lake town, White is both the largest group and the one with the highest median household income, which stands at $66,657.
- In Gull Lake town, the median household income for the households where the householder is White increased by $19,803(42.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $46,854 in 2011 and $66,657 in 2021.
- As per the U.S. Census Bureau population data, in Gull Lake 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
Gull Lake, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Gull Lake town increased by $23,887 (55.27%), 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 2014 to 2015, when the median household income increased by 9,087 (from $43,953 to $53,040). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 6,372 (from $46,854 to $40,482).
- It then further decreased to 71,610 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4861, it is evident that income distribution in Gull Lake, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $62,321. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $173,115.
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