Age of householder
Per the latest American Community Survey by the Census Bureau, Hunting Valley sees its highest median household income among householders in the age group of 25 to 44 years old, at $270,229. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Hunting Valley, the median household income stands at $270,229 for householders within the 25 to 44 years age group, followed by $270,229 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 $173,324.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $130,754(93.75%), escalating from a median of $139,475 in 2011 to $270,229 in 2021.
- 7(2.29%) households where the householder is under 25 years old.
- 19(6.21%) households with a householder aged between 25 and 44 years.
- 105(34.31%) households with a householder aged between 45 and 64 years.
- 175(57.19%) households where the householder is over 65 years old.
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Gender
In Hunting Valley, the population consists of 401 males (52.97%) and 356 females (47.03%). Here are the primary highlights from the gender-based income distribution analysis:
- In Hunting Valley, while the Census reported a median income of $120,995 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $181,053 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Hunting Valley, while the Census reported a median income of $120,995 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Hunting Valley, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $181,053 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Hunting Valley, the population is predominantly White, constituting 91.41% 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 $176,099.
- In Hunting Valley, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Hunting Valley, Asian households experience greater economic prosperity in terms of median household income.
- In Hunting Valley, the median household income for the households where the householder is White decreased by $150,796(46.13%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $326,895 in 2011 and $176,099 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Hunting Valley, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Hunting Valley decreased by $160,773 (47.66%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, consistently decreased year by year for all 12 years.
- The median household income has been consistently decreasing over the last 12 years, and Hunting Valley did not experience a single year with an increase in median household income.
- It then further increased to $270,229 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5353, it is evident that income distribution in Hunting Valley, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $219,785. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $111,874.
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