Age of householder
Per the latest American Community Survey by the Census Bureau, Hazel Crest sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,808. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hazel Crest, the median household income stands at $82,808 for householders within the 45 to 64 years age group, followed by $50,993 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $46,788.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $12,319(31.85%), escalating from a median of $38,674 in 2011 to $50,993 in 2021.
- 39(0.83%) households where the householder is under 25 years old.
- 1,492(31.62%) households with a householder aged between 25 and 44 years.
- 1,877(39.78%) households with a householder aged between 45 and 64 years.
- 1,311(27.78%) households where the householder is over 65 years old.
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Gender
In Hazel Crest, the population consists of 5,840 males (42.54%) and 7,887 females (57.46%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hazel Crest, the median income for all workers aged 15 years and older, regardless of work hours, was $41,079 for males and $35,281 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,953 for males and $48,215 for females.
- In Hazel Crest, the median income for all workers aged 15 years and older, regardless of work hours, was $41,079 for males and $35,281 for females.
- In Hazel Crest, among full-time, year-round workers aged 15 years and older, males earned a median income of $58,953, while females earned $48,215, leading to a 18% gender pay gap among full-time workers. This illustrates that women earn 82 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Hazel Crest, the population is predominantly Black or African American, constituting 87.84% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $62,564.
- In Hazel Crest, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $71,124. This reveals that, while Black or African Americans may be the most numerous in Hazel Crest, White households experience greater economic prosperity in terms of median household income.
- In Hazel Crest, the median household income for the households where the householder is White increased by $2,476(3.61%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $68,648 in 2011 and $71,124 in 2021.
- In Hazel Crest, the median household income for the households where the householder is Black or African American decreased by $9,096(12.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,660 in 2011 and $62,564 in 2021.
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Year by year
Hazel Crest, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hazel Crest decreased by $12,653 (17.72%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 2,944 (from $61,962 to $64,906). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 5,973 (from $71,226 to $65,253).
- It then further increased to $189,460 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4455, it is evident that income distribution in Hazel Crest, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $71,445. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,540.
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