Age of householder
Per the latest American Community Survey by the Census Bureau, Indian Head sees its highest median household income among householders in the age group of 45 to 64 years old, at $124,756. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Indian Head, the median household income stands at $124,756 for householders within the 45 to 64 years age group, followed by $78,535 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 $70,608.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $25,359(25.51%), escalating from a median of $99,397 in 2011 to $124,756 in 2021.
- 13(0.84%) households where the householder is under 25 years old.
- 568(36.53%) households with a householder aged between 25 and 44 years.
- 708(45.53%) households with a householder aged between 45 and 64 years.
- 266(17.11%) households where the householder is over 65 years old.
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Gender
In Indian Head, the population consists of 1,870 males (47.84%) and 2,039 females (52.16%). Here are the primary highlights from the gender-based income distribution analysis:
- In Indian Head, the median income for all workers aged 15 years and older, regardless of work hours, was $43,826 for males and $52,409 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,148 for males and $71,218 for females.
- In Indian Head, the median income for all workers aged 15 years and older, regardless of work hours, was $43,826 for males and $52,409 for females.
- In Indian Head, for all full-time workers aged 15 years and older, the median income was equal at, $71,218 for both males and females. This indicates a gender income balance in Indian Head, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Indian Head, the population is predominantly Black or African American, constituting 62.55% 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 $72,113.
- In Indian Head, despite the Black or African American population being the most populous, it is worth noting that White households actually reports the highest median household income, with a median income of $79,777. This reveals that, while Black or African Americans may be the most numerous in Indian Head, White households experience greater economic prosperity in terms of median household income.
- In Indian Head, the median household income for the households where the householder is White decreased by $32,658(29.05%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $112,435 in 2011 and $79,777 in 2021.
- In Indian Head, the median household income for the households where the householder is Black or African American decreased by $10,174(12.36%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $82,287 in 2011 and $72,113 in 2021.
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Year by year
Indian Head, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Indian Head decreased by $14,080 (15.11%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2018 to 2019, when the median household income increased by 6,827 (from $72,808 to $79,635). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 7,163 (from $88,270 to $81,107).
- It then further increased to $108,623 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4478, it is evident that income distribution in Indian Head, MD exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,877. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,548.
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