Age of householder
Per the latest American Community Survey by the Census Bureau, Hickman County sees its highest median household income among householders in the age group of 25 to 44 years old, at $68,998. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hickman County, householders within the 25 to 44 years age group have the highest median household income at $68,998, followed by those in the 45 to 64 years age group with an income of $56,844. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $44,503. Notably, householders within the under 25 years age group, had the lowest median household income at $26,766.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $6,552(10.49%), escalating from a median of $62,446 in 2011 to $68,998 in 2021.
- 54(3.23%) households where the householder is under 25 years old.
- 400(23.89%) households with a householder aged between 25 and 44 years.
- 620(37.04%) households with a householder aged between 45 and 64 years.
- 600(35.84%) households where the householder is over 65 years old.
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Gender
In Hickman County, the population consists of 2,180 males (48.13%) and 2,349 females (51.87%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hickman County, the median income for all workers aged 15 years and older, regardless of work hours, was $36,125 for males and $21,078 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,634 for males and $32,901 for females.
- In Hickman County, the median income for all workers aged 15 years and older, regardless of work hours, was $36,125 for males and $21,078 for females.
- In Hickman County, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,634, while females earned $32,901, leading to a 40% gender pay gap among full-time workers. This illustrates that women earn 60 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 Hickman County, the population is predominantly White, constituting 86.05% 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 $59,270.
- In Hickman County, White is both the largest group and the one with the highest median household income, which stands at $59,270.
- In Hickman County, the median household income for the households where the householder is White increased by $5,980(11.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $53,290 in 2011 and $59,270 in 2021.
- In Hickman County, the median household income for the households where the householder is Black or African American decreased by $17,109(42.85%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $39,928 in 2011 and $22,819 in 2021.
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Year by year
Hickman County, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hickman County increased by $7,113 (16.56%), 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 2013 to 2014, when the median household income increased by 9,506 (from $42,934 to $52,440). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 3,335 (from $46,269 to $42,934).
- It then further increased to $37,689 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5196, it is evident that income distribution in Hickman County, KY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $77,259. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $26,224.
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