Age of householder
Per the latest American Community Survey by the Census Bureau, Hastings-On-Hudson sees its highest median household income among householders in the age group of 45 to 64 years old, at $240,038. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hastings-On-Hudson, the median household income stands at $240,038 for householders within the 45 to 64 years age group, followed by $186,832 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 $95,120.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $44,953(23.04%), escalating from a median of $195,085 in 2011 to $240,038 in 2021.
- 0 households where the householder is under 25 years old.
- 854(27.86%) households with a householder aged between 25 and 44 years.
- 1,207(39.38%) households with a householder aged between 45 and 64 years.
- 1,004(32.76%) households where the householder is over 65 years old.
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Gender
In Hastings-On-Hudson, the population consists of 4,100 males (48.21%) and 4,405 females (51.79%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hastings-On-Hudson, the median income for all workers aged 15 years and older, regardless of work hours, was $103,561 for males and $70,150 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $185,975 for males and $114,407 for females.
- In Hastings-On-Hudson, the median income for all workers aged 15 years and older, regardless of work hours, was $103,561 for males and $70,150 for females.
- In Hastings-On-Hudson, among full-time, year-round workers aged 15 years and older, males earned a median income of $185,975, while females earned $114,407, leading to a 38% gender pay gap among full-time workers. This illustrates that women earn 62 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Hastings-On-Hudson, the population is predominantly White, constituting 85.09% 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 $187,890.
- In Hastings-On-Hudson, White is both the largest group and the one with the highest median household income, which stands at $187,890.
- In Hastings-On-Hudson, the median household income for the households where the householder is White increased by $24,013(14.65%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $163,877 in 2011 and $187,890 in 2021.
- In Hastings-On-Hudson, the median household income for Black or African American households was $93,655 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
Hastings-On-Hudson, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hastings-On-Hudson increased by $19,731 (11.89%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 27,042 (from $158,571 to $185,613). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 16,323 (from $163,157 to $146,834).
- It then further increased to $252,495 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4824, it is evident that income distribution in Hastings-On-Hudson, NY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $240,349. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $72,167.
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