Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Ka-Ho sees its highest median household income among householders in the age group of 25 to 44 years old, at $89,400. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lake Ka-Ho, where there exist only two delineated age groups, the median household income is $89,400 for householders within the 25 to 44 years age group, compared to $50,217 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $45,088(101.75%), escalating from a median of $44,312 in 2011 to $89,400 in 2021.
- 4(3.15%) households where the householder is under 25 years old.
- 23(18.11%) households with a householder aged between 25 and 44 years.
- 73(57.48%) households with a householder aged between 45 and 64 years.
- 27(21.26%) households where the householder is over 65 years old.
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Gender
In Lake Ka-Ho, the population consists of 156 males (57.14%) and 117 females (42.86%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Ka-Ho, while the Census reported a median income of $33,103 for all male workers aged 15 years and older, data for females 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 $87,149 for males and $50,142 for females.
- In Lake Ka-Ho, while the Census reported a median income of $33,103 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Lake Ka-Ho, among full-time, year-round workers aged 15 years and older, males earned a median income of $87,149, while females earned $50,142, leading to a 42% gender pay gap among full-time workers. This illustrates that women earn 58 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Lake Ka-Ho, the population is predominantly White, constituting 98.90% 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 $42,936.
- In Lake Ka-Ho, White is both the largest group and the one with the highest median household income, which stands at $42,936.
- In Lake Ka-Ho, the median household income for the households where the householder is White decreased by $329(0.76%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,265 in 2011 and $42,936 in 2021.
- As per the U.S. Census Bureau population data, in Lake Ka-Ho, 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
Lake Ka-Ho, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Ka-Ho decreased by $345 (0.79%), 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 2017 to 2018, when the median household income increased by 8,189 (from $42,665 to $50,854). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 3,943 (from $47,450 to $43,507).
- It then further increased to $84,446 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5031, it is evident that income distribution in Lake Ka-Ho, IL exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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