Age of householder
Per the latest American Community Survey by the Census Bureau, Keysville sees its highest median household income among householders in the age group of 45 to 64 years old, at $23,215. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Keysville, where there exist only two delineated age groups, the median household income is $23,215 for householders within the 45 to 64 years age group, compared to $16,828 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $7,144(29.80%), declining from a median of $23,972 in 2011 to $16,828 in 2021.
- 20(4.81%) households where the householder is under 25 years old.
- 110(26.44%) households with a householder aged between 25 and 44 years.
- 185(44.47%) households with a householder aged between 45 and 64 years.
- 101(24.28%) households where the householder is over 65 years old.
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Gender
In Keysville, the population consists of 338 males (38.28%) and 545 females (61.72%). Here are the primary highlights from the gender-based income distribution analysis:
- In Keysville, the median income for all workers aged 15 years and older, regardless of work hours, was $32,596 for males and $15,008 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $41,435 for males and $36,988 for females.
- In Keysville, the median income for all workers aged 15 years and older, regardless of work hours, was $32,596 for males and $15,008 for females.
- In Keysville, among full-time, year-round workers aged 15 years and older, males earned a median income of $41,435, while females earned $36,988, resulting in a 11% gender pay gap among full-time workers. This illustrates that women earn 89 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 town of Keysville.
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Race
In Keysville, the population is predominantly White, constituting 47% 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 $27,698.
- In Keysville, White is both the largest group and the one with the highest median household income, which stands at $27,698.
- In Keysville, the median household income for the households where the householder is White decreased by $38,226(57.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,924 in 2011 and $27,698 in 2021.
- In Keysville, the median household income for the households where the householder is Black or African American increased by $8,043(51.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $15,602 in 2011 and $23,645 in 2021.
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Year by year
Keysville, VA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Keysville decreased by $18,733 (42.10%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 4,453 (from $26,811 to $31,264). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 9,446 (from $35,958 to $26,512).
- It then further increased to $85,573 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5512, it is evident that income distribution in Keysville, VA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $50,893. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $17,083.
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