Age of householder
Per the latest American Community Survey by the Census Bureau, Leo-Cedarville sees its highest median household income among householders in the age group of 45 to 64 years old, at $145,416. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Leo-Cedarville, the median household income stands at $145,416 for householders within the 45 to 64 years age group, followed by $100,580 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $58,369.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $53,886(58.87%), escalating from a median of $91,530 in 2011 to $145,416 in 2021.
- 15(1.27%) households where the householder is under 25 years old.
- 279(23.64%) households with a householder aged between 25 and 44 years.
- 576(48.81%) households with a householder aged between 45 and 64 years.
- 310(26.27%) households where the householder is over 65 years old.
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Gender
In Leo-Cedarville, the population consists of 1,917 males (52.87%) and 1,709 females (47.13%). Here are the primary highlights from the gender-based income distribution analysis:
- In Leo-Cedarville, the median income for all workers aged 15 years and older, regardless of work hours, was $55,716 for males and $30,438 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $64,394 for males and $68,350 for females.
- In Leo-Cedarville, the median income for all workers aged 15 years and older, regardless of work hours, was $55,716 for males and $30,438 for females.
- In Leo-Cedarville, among full-time, year-round workers aged 15 years and older, males earned a median income of $64,394, while females earned $68,350
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Race
In Leo-Cedarville, the population is predominantly White, constituting 95.70% 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 $98,234.
- In Leo-Cedarville, White is both the largest group and the one with the highest median household income, which stands at $98,234.
- In Leo-Cedarville, the median household income for the households where the householder is White increased by $7,385(8.13%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $90,849 in 2011 and $98,234 in 2021.
- As per the U.S. Census Bureau population data, in Leo-Cedarville, 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
Leo-Cedarville, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Leo-Cedarville increased by $10,954 (12.59%), 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 2014 to 2015, when the median household income increased by 10,771 (from $84,050 to $94,821). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 8,435 (from $88,145 to $79,710).
- It then further increased to $94,411 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4047, it is evident that income distribution in Leo-Cedarville, IN exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,524.
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