Age of householder
Per the latest American Community Survey by the Census Bureau, Hopkins Park sees its highest median household income among householders in the age group of 45 to 64 years old, at $40,264. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hopkins Park, the median household income stands at $40,264 for householders within the 45 to 64 years age group, followed by $37,156 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 $25,334.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $17,563(77.37%), escalating from a median of $22,701 in 2011 to $40,264 in 2021.
- 0 households where the householder is under 25 years old.
- 67(25.77%) households with a householder aged between 25 and 44 years.
- 107(41.15%) households with a householder aged between 45 and 64 years.
- 86(33.08%) households where the householder is over 65 years old.
Read more about Hopkins Park, IL median household income by age ➔
Gender
In Hopkins Park, the population consists of 273 males (47.15%) and 306 females (52.85%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hopkins Park, the median income for all workers aged 15 years and older, regardless of work hours, was $12,884 for males and $23,084 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $53,660 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Hopkins Park, the median income for all workers aged 15 years and older, regardless of work hours, was $12,884 for males and $23,084 for females.
- In Hopkins Park, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $53,660 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Hopkins Park, IL income by gender ➔
Race
In Hopkins Park, the population is predominantly Black or African American, constituting 78.58% 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 $31,617.
- In Hopkins Park, Black or African American is both the largest group and the one with the highest median household income, which stands at $31,617.
- In Hopkins Park, the median household income for White households was $3,268 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
- In Hopkins Park, the median household income for the households where the householder is Black or African American decreased by $5,020(13.70%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,637 in 2011 and $31,617 in 2021.
Read more about Hopkins Park, IL median household income by race ➔
Year by year
Hopkins Park, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hopkins Park decreased by $2,329 (6.73%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 5,903 (from $21,654 to $27,557). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 14,920 (from $36,267 to $21,347).
- It then further increased to $42,877 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3811, it is evident that income distribution in Hopkins Park, IL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $41,796. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $16,985.
Read more about Hopkins Park, IL median household income ➔