Age of householder
Per the latest American Community Survey by the Census Bureau, Litchfield County sees its highest median household income among householders in the age group of 45 to 64 years old, at $108,305. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Litchfield County, householders within the 45 to 64 years age group have the highest median household income at $108,305, followed by those in the 25 to 44 years age group with an income of $97,139. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $71,001. Notably, householders within the under 25 years age group, had the lowest median household income at $50,267.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $17,403(32.47%), escalating from a median of $53,598 in 2011 to $71,001 in 2021.
- 909(1.21%) households where the householder is under 25 years old.
- 16,864(22.53%) households with a householder aged between 25 and 44 years.
- 32,467(43.37%) households with a householder aged between 45 and 64 years.
- 24,617(32.89%) households where the householder is over 65 years old.
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Gender
In Litchfield County, the population consists of 92,370 males (49.88%) and 92,805 females (50.12%). Here are the primary highlights from the gender-based income distribution analysis:
- In Litchfield County, the median income for all workers aged 15 years and older, regardless of work hours, was $54,869 for males and $36,304 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $73,795 for males and $62,008 for females.
- In Litchfield County, the median income for all workers aged 15 years and older, regardless of work hours, was $54,869 for males and $36,304 for females.
- In Litchfield County, among full-time, year-round workers aged 15 years and older, males earned a median income of $73,795, while females earned $62,008, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
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Race
In Litchfield County, the population is predominantly White, constituting 90.41% 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 $93,078.
- In Litchfield County, despite the White population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $100,824. This reveals that, while Whites may be the most numerous in Litchfield County, Asian households experience greater economic prosperity in terms of median household income.
- In Litchfield County, the median household income for the households where the householder is White decreased by $633(0.68%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $93,711 in 2011 and $93,078 in 2021.
- In Litchfield County, the median household income for the households where the householder is Black or African American decreased by $3,568(4.03%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $88,578 in 2011 and $85,010 in 2021.
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Year by year
Litchfield County, CT median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Litchfield County decreased by $2,305 (2.45%), 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 2016 to 2017, when the median household income increased by 1,624 (from $89,919 to $91,543). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,110 (from $93,488 to $91,378).
- It then further increased to $152,679 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4602, it is evident that income distribution in Litchfield County, CT exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $113,278. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $53,634.
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