Age of householder
Per the latest American Community Survey by the Census Bureau, Liberty township sees its highest median household income among householders in the age group of 45 to 64 years old, at $76,678. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Liberty township, the median household income stands at $76,678 for householders within the 45 to 64 years age group, followed by $68,385 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 $33,222.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $14,573(27.08%), escalating from a median of $53,812 in 2011 to $68,385 in 2021.
- 11(1.49%) households where the householder is under 25 years old.
- 141(19.08%) households with a householder aged between 25 and 44 years.
- 315(42.63%) households with a householder aged between 45 and 64 years.
- 272(36.81%) households where the householder is over 65 years old.
Read more about Liberty township, Centre County, Pennsylvania median household income by age ➔
Gender
In Liberty township, the population consists of 1,061 males (58.36%) and 757 females (41.64%). Here are the primary highlights from the gender-based income distribution analysis:
- In Liberty township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,164 for males and $26,302 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,356 for males and $54,964 for females.
- In Liberty township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,164 for males and $26,302 for females.
- In Liberty township, among full-time, year-round workers aged 15 years and older, males earned a median income of $42,356, while females earned $54,964
Read more about Liberty township, Centre County, Pennsylvania income by gender ➔
Race
In Liberty township, the population is predominantly White, constituting 94.28% 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 $59,563.
- In Liberty township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $270,229. This reveals that, while Whites may be the most numerous in Liberty township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Liberty township, the median household income for the households where the householder is White increased by $7,926(15.35%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,637 in 2011 and $59,563 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.
Read more about Liberty township, Centre County, Pennsylvania median household income by race ➔
Year by year
Liberty township, Centre County, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Liberty township increased by $4,638 (8.25%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2011 to 2012, when the median household income increased by 7,103 (from $52,001 to $59,104). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 5,399 (from $66,257 to $60,858).
- It then further increased to $68,034 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4298, it is evident that income distribution in Liberty township, Centre County, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $86,292. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,325.
Read more about Liberty township, Centre County, Pennsylvania median household income ➔