Age of householder
Per the latest American Community Survey by the Census Bureau, Kennett township sees its highest median household income among householders in the age group of 45 to 64 years old, at $180,903. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Kennett township, the median household income stands at $180,903 for householders within the 45 to 64 years age group, followed by $147,694 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 $76,907.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $13,116(7.82%), escalating from a median of $167,787 in 2011 to $180,903 in 2021.
- 60(1.75%) households where the householder is under 25 years old.
- 604(17.57%) households with a householder aged between 25 and 44 years.
- 1,531(44.53%) households with a householder aged between 45 and 64 years.
- 1,243(36.15%) households where the householder is over 65 years old.
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Gender
In Kennett township, the population consists of 3,827 males (45.65%) and 4,556 females (54.35%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kennett township, the median income for all workers aged 15 years and older, regardless of work hours, was $79,389 for males and $37,133 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $115,207 for males and $103,830 for females.
- In Kennett township, the median income for all workers aged 15 years and older, regardless of work hours, was $79,389 for males and $37,133 for females.
- In Kennett township, among full-time, year-round workers aged 15 years and older, males earned a median income of $115,207, while females earned $103,830, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the township of Kennett township.
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Race
In Kennett township, the population is predominantly White, constituting 87% 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 $135,323.
- In Kennett township, White is both the largest group and the one with the highest median household income, which stands at $135,323.
- In Kennett township, the median household income for the households where the householder is White decreased by $1,707(1.25%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $137,030 in 2011 and $135,323 in 2021.
- In Kennett township, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $88,114(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
Kennett Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kennett township decreased by $2,636 (1.93%), 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 2016 to 2017, when the median household income increased by 9,522 (from $127,502 to $137,024). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 5,699 (from $133,177 to $127,478).
- It then further increased to $270,229 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4889, it is evident that income distribution in Kennett Township, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $148,469. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $65,530.
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