Age of householder
Per the latest American Community Survey by the Census Bureau, Haverstraw town sees its highest median household income among householders in the age group of 45 to 64 years old, at $105,190. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Haverstraw town, the median household income stands at $105,190 for householders within the 45 to 64 years age group, followed by $90,904 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 $69,435.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $1,088(1.59%), escalating from a median of $68,347 in 2011 to $69,435 in 2021.
- 163(1.31%) households where the householder is under 25 years old.
- 3,675(29.63%) households with a householder aged between 25 and 44 years.
- 5,179(41.75%) households with a householder aged between 45 and 64 years.
- 3,387(27.31%) households where the householder is over 65 years old.
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Gender
In Haverstraw town, the population consists of 20,055 males (51.59%) and 18,817 females (48.41%). Here are the primary highlights from the gender-based income distribution analysis:
- In Haverstraw town, the median income for all workers aged 15 years and older, regardless of work hours, was $45,920 for males and $35,604 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,246 for males and $63,362 for females.
- In Haverstraw town, the median income for all workers aged 15 years and older, regardless of work hours, was $45,920 for males and $35,604 for females.
- In Haverstraw town, among full-time, year-round workers aged 15 years and older, males earned a median income of $59,246, while females earned $63,362
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Race
In Haverstraw town, the population is predominantly White, constituting 48.81% 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 $96,223.
- In Haverstraw 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 $132,461. This reveals that, while Whites may be the most numerous in Haverstraw town, Asian households experience greater economic prosperity in terms of median household income.
- In Haverstraw town, the median household income for the households where the householder is White decreased by $2,107(2.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $98,330 in 2011 and $96,223 in 2021.
- In Haverstraw town, the median household income for the households where the householder is Black or African American increased by $21,821(21.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $103,299 in 2011 and $125,120 in 2021.
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Year by year
Haverstraw Town, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Haverstraw town decreased by $977 (1.09%), 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 2010 to 2011, when the median household income increased by 3,610 (from $89,907 to $93,517). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 3,611 (from $94,194 to $90,583).
- It then further increased to $110,710 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4548, it is evident that income distribution in Haverstraw Town, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $104,038. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $49,116.
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