Age of householder
Per the latest American Community Survey by the Census Bureau, Hendricks township sees its highest median household income among householders in the age group of 45 to 64 years old, at $47,965. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hendricks township, where there exist only two delineated age groups, the median household income is $47,965 for householders within the 45 to 64 years age group, compared to $42,131 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $22,693(89.80%), escalating from a median of $25,272 in 2011 to $47,965 in 2021.
- 0 households where the householder is under 25 years old.
- 2(3.33%) households with a householder aged between 25 and 44 years.
- 25(41.67%) households with a householder aged between 45 and 64 years.
- 33(55%) households where the householder is over 65 years old.
Read more about Hendricks Township, Michigan median household income by age ➔
Gender
In Hendricks township, the population consists of 49 males (42.98%) and 65 females (57.02%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hendricks township, while the Census reported a median income of $20,108 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $68,008 for males and $31,887 for females.
- In Hendricks township, while the Census reported a median income of $20,108 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Hendricks township, among full-time, year-round workers aged 15 years and older, males earned a median income of $68,008, while females earned $31,887, leading to a 53% gender pay gap among full-time workers. This illustrates that women earn 47 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.
Read more about Hendricks Township, Michigan income by gender ➔
Race
In Hendricks township, the population is predominantly White, constituting 79.82% 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 $42,745.
- In Hendricks township, White is both the largest group and the one with the highest median household income, which stands at $42,745.
- In Hendricks township, the median household income for the households where the householder is White decreased by $4,927(10.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $47,672 in 2011 and $42,745 in 2021.
- As per the U.S. Census Bureau population data, in Hendricks township, 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.
Read more about Hendricks Township, Michigan median household income by race ➔
Year by year
Hendricks Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hendricks township decreased by $26,406 (38.19%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 16,466 (from $34,680 to $51,146). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 25,020 (from $69,151 to $44,131).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4175, it is evident that income distribution in Hendricks Township, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $47,741. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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