Age of householder
Per the latest American Community Survey by the Census Bureau, Hickory Hills sees its highest median household income among householders in the age group of 45 to 64 years old, at $96,471. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hickory Hills, the median household income stands at $96,471 for householders within the 45 to 64 years age group, followed by $84,834 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 $43,149.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $6,243(7.94%), escalating from a median of $78,591 in 2011 to $84,834 in 2021.
- 75(1.47%) households where the householder is under 25 years old.
- 1,937(37.97%) households with a householder aged between 25 and 44 years.
- 1,737(34.05%) households with a householder aged between 45 and 64 years.
- 1,352(26.50%) households where the householder is over 65 years old.
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Gender
In Hickory Hills, the population consists of 7,566 males (52.24%) and 6,917 females (47.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hickory Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $41,908 for males and $34,474 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,292 for males and $52,694 for females.
- In Hickory Hills, the median income for all workers aged 15 years and older, regardless of work hours, was $41,908 for males and $34,474 for females.
- In Hickory Hills, among full-time, year-round workers aged 15 years and older, males earned a median income of $67,292, while females earned $52,694, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 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 Hickory Hills, the population is predominantly White, constituting 86.89% 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 $72,501.
- In Hickory Hills, 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 $125,656. This reveals that, while Whites may be the most numerous in Hickory Hills, Some Other Race households experience greater economic prosperity in terms of median household income.
- In Hickory Hills, the median household income for the households where the householder is White decreased by $6,505(8.23%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,006 in 2011 and $72,501 in 2021.
- In Hickory Hills, the median household income for the households where the householder is Black or African American increased by $7,916(10.73%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,766 in 2011 and $81,682 in 2021.
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Year by year
Hickory Hills, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hickory Hills decreased by $9,237 (11.01%), 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 3,403 (from $68,427 to $71,830). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 6,442 (from $83,898 to $77,456).
- It then further increased to $216,499 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4188, it is evident that income distribution in Hickory Hills, IL exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $91,596. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,159.
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