Age of householder
Per the latest American Community Survey by the Census Bureau, Kenton Vale sees its highest median household income among householders in the age group of 25 to 44 years old, at $74,763. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Kenton Vale, where there exist only two delineated age groups, the median household income is $74,763 for householders within the 25 to 44 years age group, compared to $52,694 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $8,712(19.81%), escalating from a median of $43,982 in 2011 to $52,694 in 2021.
- 0 households where the householder is under 25 years old.
- 24(38.10%) households with a householder aged between 25 and 44 years.
- 31(49.21%) households with a householder aged between 45 and 64 years.
- 8(12.70%) households where the householder is over 65 years old.
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Gender
In Kenton Vale, the population consists of 63 males (45.99%) and 74 females (54.01%). Here are the primary highlights from the gender-based income distribution analysis:
- In Kenton Vale, the median income for all workers aged 15 years and older, regardless of work hours, was $31,977 for males and $30,926 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $52,694 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Kenton Vale, the median income for all workers aged 15 years and older, regardless of work hours, was $31,977 for males and $30,926 for females.
- In Kenton Vale, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $52,694 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Kenton Vale, the population is predominantly White, constituting 97.08% 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 $55,397.
- In Kenton Vale, White is both the largest group and the one with the highest median household income, which stands at $55,397.
- In Kenton Vale, the median household income for the households where the householder is White increased by $12,604(29.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,793 in 2011 and $55,397 in 2021.
- As per the U.S. Census Bureau population data, in Kenton Vale, 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
Kenton Vale, KY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Kenton Vale increased by $16,945 (41.86%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 13,514 (from $43,909 to $57,423). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 4,409 (from $46,032 to $41,623).
- It then further increased to $60,936 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3678, it is evident that income distribution in Kenton Vale, KY exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $20,653.
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