Age of householder
Per the latest American Community Survey by the Census Bureau, Hillsdale sees its highest median household income among householders in the age group of 25 to 44 years old, at $68,908. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hillsdale, the median household income stands at $68,908 for householders within the 25 to 44 years age group, followed by $64,179 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 $44,588.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $5,769(14.86%), escalating from a median of $38,819 in 2011 to $44,588 in 2021.
- 0 households where the householder is under 25 years old.
- 9(25%) households with a householder aged between 25 and 44 years.
- 21(58.33%) households with a householder aged between 45 and 64 years.
- 6(16.67%) households where the householder is over 65 years old.
Read more about Hillsdale, OK median household income by age ➔
Gender
In Hillsdale, the population consists of 52 males (52.00%) and 48 females (48.00%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hillsdale, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $20,267 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,711 for males and $46,839 for females.
- In Hillsdale, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $20,267 for females.
- In Hillsdale, for all full-time workers aged 15 years and older, the median income was equal at, $46,839 for both males and females. This indicates a gender income balance in Hillsdale, where both men and women, in full-time year-round roles, earn an equal income.
Read more about Hillsdale, OK income by gender ➔
Race
In Hillsdale, the population is predominantly White, constituting 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 $62,828.
- In Hillsdale, White is both the largest group and the one with the highest median household income, which stands at $62,828.
- In Hillsdale, the median household income for the households where the householder is White decreased by $6,637(9.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,465 in 2011 and $62,828 in 2021.
- As per the U.S. Census Bureau population data, in Hillsdale, 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 Hillsdale, OK median household income by race ➔
Year by year
Hillsdale, OK median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hillsdale increased by $5,316 (9.14%), 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 2010 to 2011, when the median household income increased by 11,277 (from $58,188 to $69,465). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 9,867 (from $73,371 to $63,504).
- It then further decreased to 62,152 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.1632, it is evident that income distribution in Hillsdale, OK exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,225.
Read more about Hillsdale, OK median household income ➔