Age of householder
Per the latest American Community Survey by the Census Bureau, Lafayette township sees its highest median household income among householders in the age group of 25 to 44 years old, at $92,216. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lafayette township, the median household income stands at $92,216 for householders within the 25 to 44 years age group, followed by $68,457 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 $51,589.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $14,088(18.03%), escalating from a median of $78,128 in 2011 to $92,216 in 2021.
- 0 households where the householder is under 25 years old.
- 79(21.41%) households with a householder aged between 25 and 44 years.
- 190(51.49%) households with a householder aged between 45 and 64 years.
- 100(27.10%) households where the householder is over 65 years old.
Read more about Lafayette Township, Pennsylvania median household income by age ➔
Gender
In Lafayette township, the population consists of 1,629 males (83.24%) and 328 females (16.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lafayette township, while the Census reported a median income of $33,666 for all female workers aged 15 years and older, data for males 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 median income was $43,012 for males and $43,867 for females.
- In Lafayette township, while the Census reported a median income of $33,666 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Lafayette township, among full-time, year-round workers aged 15 years and older, males earned a median income of $43,012, while females earned $43,867
Read more about Lafayette Township, Pennsylvania income by gender ➔
Race
In Lafayette township, the population is predominantly White, constituting 55.95% 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 $61,852.
- In Lafayette township, White is both the largest group and the one with the highest median household income, which stands at $61,852.
- In Lafayette township, the median household income for the households where the householder is White increased by $5,319(9.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,533 in 2011 and $61,852 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
Lafayette Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lafayette township increased by $7,176 (12.09%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 5,820 (from $62,375 to $68,195). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 5,301 (from $71,845 to $66,544).
- It then further increased to $133,087 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4425, it is evident that income distribution in Lafayette Township, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $90,302. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,210.
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