Age of householder
Per the latest American Community Survey by the Census Bureau, Humboldt town sees its highest median household income among householders in the age group of 45 to 64 years old, at $111,469. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Humboldt town, householders within the 45 to 64 years age group have the highest median household income at $111,469, followed by those in the 25 to 44 years age group with an income of $101,674. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $52,951. Notably, householders within the under 25 years age group, had the lowest median household income at $28,374.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $21,699(24.17%), escalating from a median of $89,770 in 2011 to $111,469 in 2021.
- 21(3.30%) households where the householder is under 25 years old.
- 159(25%) households with a householder aged between 25 and 44 years.
- 283(44.50%) households with a householder aged between 45 and 64 years.
- 173(27.20%) households where the householder is over 65 years old.
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Gender
In Humboldt town, the population consists of 754 males (52.47%) and 683 females (47.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In Humboldt town, the median income for all workers aged 15 years and older, regardless of work hours, was $47,830 for males and $47,109 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,415 for males and $64,275 for females.
- In Humboldt town, the median income for all workers aged 15 years and older, regardless of work hours, was $47,830 for males and $47,109 for females.
- In Humboldt town, among full-time, year-round workers aged 15 years and older, males earned a median income of $60,415, while females earned $64,275
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Race
In Humboldt town, the population is predominantly White, constituting 96.73% 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 $87,002.
- In Humboldt town, White is both the largest group and the one with the highest median household income, which stands at $87,002.
- In Humboldt town, the median household income for the households where the householder is White increased by $7,210(9.04%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $79,792 in 2011 and $87,002 in 2021.
- As per the U.S. Census Bureau population data, in Humboldt town, 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.
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Year by year
Humboldt, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Humboldt town increased by $12,058 (16.10%), 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 2015 to 2016, when the median household income increased by 10,848 (from $73,365 to $84,213). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 8,353 (from $73,646 to $65,293).
- It then further increased to $108,992 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3592, it is evident that income distribution in Humboldt, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $107,109. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,984.
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