Gender
In Lanesboro, the population consists of 44 males (56.41%) and 34 females (43.59%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lanesboro, while the Census reported a median income of $38,913 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, while the Census reported a median income of $39,724 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Lanesboro, while the Census reported a median income of $38,913 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 Lanesboro, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $39,724 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Lanesboro, the population is predominantly White, constituting 100% 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 $43,575.
- In Lanesboro, White is both the largest group and the one with the highest median household income, which stands at $43,575.
- In Lanesboro, the median household income for the households where the householder is White decreased by $15,266(25.94%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,841 in 2011 and $43,575 in 2021.
- As per the U.S. Census Bureau population data, in Lanesboro, 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
Lanesboro, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lanesboro decreased by $9,272 (17.54%), 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 2019 to 2020, when the median household income increased by 7,489 (from $49,876 to $57,365). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 13,790 (from $57,365 to $43,575).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.5527, it is evident that income distribution in Lanesboro, IA exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $92,553. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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