Age of householder
Per the latest American Community Survey by the Census Bureau, Havre De Grace sees its highest median household income among householders in the age group of 45 to 64 years old, at $127,931. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Havre De Grace, the median household income stands at $127,931 for householders within the 45 to 64 years age group, followed by $102,716 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 $62,603.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $26,668(26.34%), escalating from a median of $101,263 in 2011 to $127,931 in 2021.
- 140(2.27%) households where the householder is under 25 years old.
- 1,598(25.90%) households with a householder aged between 25 and 44 years.
- 2,489(40.34%) households with a householder aged between 45 and 64 years.
- 1,943(31.49%) households where the householder is over 65 years old.
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Gender
In Havre De Grace, the population consists of 6,662 males (45.55%) and 7,963 females (54.45%). Here are the primary highlights from the gender-based income distribution analysis:
- In Havre De Grace, the median income for all workers aged 15 years and older, regardless of work hours, was $62,857 for males and $36,653 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $88,863 for males and $56,978 for females.
- In Havre De Grace, the median income for all workers aged 15 years and older, regardless of work hours, was $62,857 for males and $36,653 for females.
- In Havre De Grace, among full-time, year-round workers aged 15 years and older, males earned a median income of $88,863, while females earned $56,978, leading to a 36% gender pay gap among full-time workers. This illustrates that women earn 64 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 Havre De Grace, the population is predominantly White, constituting 73.94% 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 $101,735.
- In Havre De Grace, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $117,621. This reveals that, while Whites may be the most numerous in Havre De Grace, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Havre De Grace, the median household income for the households where the householder is White increased by $14,874(17.12%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $86,861 in 2011 and $101,735 in 2021.
- In Havre De Grace, the median household income for the households where the householder is Black or African American decreased by $8,403(9.96%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $84,390 in 2011 and $75,987 in 2021.
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Year by year
Havre De Grace, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Havre De Grace increased by $9,907 (11.84%), 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 2016 to 2017, when the median household income increased by 5,581 (from $84,739 to $90,320). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 3,418 (from $90,320 to $86,902).
- It then further increased to $87,520 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4652, it is evident that income distribution in Havre De Grace, MD exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $118,165. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $60,890.
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