Age of householder
Per the latest American Community Survey by the Census Bureau, Hadley town sees its highest median household income among householders in the age group of 45 to 64 years old, at $120,006. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hadley town, the median household income stands at $120,006 for householders within the 45 to 64 years age group, followed by $117,333 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $94,925.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $27,289(40.35%), escalating from a median of $67,636 in 2011 to $94,925 in 2021.
- 24(1.06%) households where the householder is under 25 years old.
- 463(20.54%) households with a householder aged between 25 and 44 years.
- 863(38.29%) households with a householder aged between 45 and 64 years.
- 904(40.11%) households where the householder is over 65 years old.
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Gender
In Hadley town, the population consists of 2,506 males (47.35%) and 2,787 females (52.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hadley town, the median income for all workers aged 15 years and older, regardless of work hours, was $60,076 for males and $47,701 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,206 for males and $69,922 for females.
- In Hadley town, the median income for all workers aged 15 years and older, regardless of work hours, was $60,076 for males and $47,701 for females.
- In Hadley town, among full-time, year-round workers aged 15 years and older, males earned a median income of $69,206, while females earned $69,922
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Race
In Hadley town, the population is predominantly White, constituting 89.10% 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 $111,492.
- In Hadley town, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Hadley town, Asian households experience greater economic prosperity in terms of median household income.
- In Hadley town, the median household income for the households where the householder is White increased by $11,227(11.20%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,265 in 2011 and $111,492 in 2021.
- In Hadley town, the median household income for Black or African American households was $41,271 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
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Year by year
Hadley, Massachusetts median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hadley town increased by $15,337 (16.26%), 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 12,846 (from $85,386 to $98,232). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 11,449 (from $92,750 to $81,301).
- It then further increased to $185,210 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3934, it is evident that income distribution in Hadley, Massachusetts exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $134,958. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,493.
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