Age of householder
Per the latest American Community Survey by the Census Bureau, Lake Pleasant town sees its highest median household income among householders in the age group of 65 years and over old, at $81,293. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lake Pleasant town, the median household income stands at $81,293 for householders within the 65 years and over age group, followed by $78,141 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $32,203.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $39,069(92.53%), escalating from a median of $42,224 in 2011 to $81,293 in 2021.
- 0 households where the householder is under 25 years old.
- 17(7.11%) households with a householder aged between 25 and 44 years.
- 130(54.39%) households with a householder aged between 45 and 64 years.
- 92(38.49%) households where the householder is over 65 years old.
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Gender
In Lake Pleasant town, the population consists of 515 males (53.70%) and 444 females (46.30%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lake Pleasant town, the median income for all workers aged 15 years and older, regardless of work hours, was $28,766 for males and $15,912 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $33,272 for males and $52,536 for females.
- In Lake Pleasant town, the median income for all workers aged 15 years and older, regardless of work hours, was $28,766 for males and $15,912 for females.
- In Lake Pleasant town, among full-time, year-round workers aged 15 years and older, males earned a median income of $33,272, while females earned $52,536
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Race
In Lake Pleasant town, the population is predominantly White, constituting 90.72% 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 $76,452.
- In Lake Pleasant town, White is both the largest group and the one with the highest median household income, which stands at $76,452.
- In Lake Pleasant town, the median household income for the households where the householder is White increased by $16,630(27.80%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $59,822 in 2011 and $76,452 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
Lake Pleasant, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lake Pleasant town increased by $15,623 (25.49%), 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 2014 to 2015, when the median household income increased by 7,225 (from $69,688 to $76,913). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 8,555 (from $85,458 to $76,903).
- It then further increased to $108,542 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.41, it is evident that income distribution in Lake Pleasant, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,094. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,631.
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