Hayes Center, NE Income

The inflation-adjusted median household income in Hayes Center was $56,072, based on U.S. Census Bureau ACS estimates.
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Updated Dec 15, 2023
Overview
$56,072
Median household income
0.3726
Gini coefficient
25 to 44 years ($84,446)
Highest median income age group
$186,215
Income of top 5%

All incomes in 2022 inflation-adjusted dollars using R-CPI-U-RS. Sources: U.S. Census Bureau, American Community Survey (ACS) 2017-2021 5-Year Estimates

Age of householder

Per the latest American Community Survey by the Census Bureau, Hayes Center sees its highest median household income among householders in the age group of 25 to 44 years old, at $84,446. Here are the key highlights for income distribution by age:

  • In terms of income distribution across age cohorts, in Hayes Center, the median household income stands at $84,446 for householders within the 25 to 44 years age group, followed by $69,922 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $37,253.
  • Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $13,329(23.55%), escalating from a median of $56,593 in 2011 to $69,922 in 2021.
  • 0 households where the householder is under 25 years old.
  • 17(20.48%) households with a householder aged between 25 and 44 years.
  • 39(46.99%) households with a householder aged between 45 and 64 years.
  • 27(32.53%) households where the householder is over 65 years old.
The bar chart shows Hayes Center, NE median household income by age of householder. All incomes have been adjusted for 2022 inflation using the Consumer Price Index retroactive series (R-CPI-U-RS).
Hayes Center, NE median household income by age of householder: It offers a clear illustration of the differences in median household incomes in Hayes Center, based on the age of householders divided into four cohorts : Under 25 years, 25 - 44 years, 45 to 64 years and 65 years and over. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Gender

In Hayes Center, the population consists of 113 males (45.56%) and 135 females (54.44%). Here are the primary highlights from the gender-based income distribution analysis:

  • In Hayes Center, the median income for all workers aged 15 years and older, regardless of work hours, was $41,210 for males and $17,945 for females.
  • However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $52,309 for males, while data for females was unavailable due to an insufficient number of sample observations.
  • In Hayes Center, the median income for all workers aged 15 years and older, regardless of work hours, was $41,210 for males and $17,945 for females.
  • In Hayes Center, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $52,309 for males, while data for females was unavailable due to an insufficient number of sample observations.
Line chart showing the annual median income trends in Hayes Center, NE for males and females across four employment categories: (1) Males in full-time year-round positions, (2) Males in non-full-time roles (part-time and other employment types), (3) Females in full-time year-round positions, and (4) Females in non-full-time roles (part-time and other employment types).
Hayes Center, NE gender based income disparity: Gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals, in 2022 inflation adjusted dollars. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

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Race

In Hayes Center, the population is predominantly White, constituting 91.13% 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 $47,290.
  • In Hayes Center, despite the White population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $104,038. This reveals that, while Whites may be the most numerous in Hayes Center, Some Other Race households experience greater economic prosperity in terms of median household income.
  • In Hayes Center, the median household income for the households where the householder is White decreased by $9,340(16.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,630 in 2011 and $47,290 in 2021.
  • As per the U.S. Census Bureau population data, in Hayes Center, 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.
The bar chart shows Hayes Center, NE median household income across all racial categories identified by the U.S. Census Bureau.
Hayes Center, NE median household income diversity across racial categories: Gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Hayes Center, NE median household income by race ➔

Year by year

Hayes Center, NE median household income trends by year, family type and household size (2010-2021):

  • From 2010 to 2021, the median household income for Hayes Center decreased by $8,019 (12.51%), 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 2019 to 2020, when the median household income increased by 5,541 (from $45,450 to $50,991). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 7,653 (from $64,091 to $56,438).
  • It then further decreased to 75,664 for 5-person households, the largest household size for which the bureau reported a median household income.
  • With a Gini coefficient of 0.3726, it is evident that income distribution in Hayes Center, NE exihibits characterstics of moderate equality .
  • For the family households, the median income (in 2022 inflation-adjusted dollars) was $80,393. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
The line chart shows Hayes Center, NE median household income from 2010 to 2021. The orange line represents Census Bureau data for median household income (without adjusting for any inflation), while the blue line shows inflation-adjusted median household income for 2022.
Hayes Center, NE median household income trends: 2010 to 2021. The chart illustrates income fluctuations over the years, highlighting the impact of inflation on economic trends. Source: U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates

Read more about Hayes Center, NE median household income ➔

References

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Hayes Center, NE Demographics

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Median household income of places that contain Hayes Center (in 2022 dollars)
Median household income of nearby cities (in 2022 dollars)

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