Age of householder
Per the latest American Community Survey by the Census Bureau, Long Lake town sees its highest median household income among householders in the age group of 45 to 64 years old, at $112,820. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Long Lake town, the median household income stands at $112,820 for householders within the 45 to 64 years age group, followed by $58,268 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 $48,716.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $38,288(51.37%), escalating from a median of $74,532 in 2011 to $112,820 in 2021.
- 0 households where the householder is under 25 years old.
- 57(17.59%) households with a householder aged between 25 and 44 years.
- 132(40.74%) households with a householder aged between 45 and 64 years.
- 135(41.67%) households where the householder is over 65 years old.
Read more about Long Lake Town, Washburn County, Wisconsin median household income by age ➔
Gender
In Long Lake town, the population consists of 385 males (59.14%) and 266 females (40.86%). Here are the primary highlights from the gender-based income distribution analysis:
- In Long Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $35,298 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,477 for males and $63,166 for females.
- In Long Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $38,507 for males and $35,298 for females.
- In Long Lake town, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,477, while females earned $63,166
Read more about Long Lake Town, Washburn County, Wisconsin income by gender ➔
Race
In Long Lake town, the population is predominantly White, constituting 93.70% 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 $64,926.
- In Long Lake town, 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 $112,820. This reveals that, while Whites may be the most numerous in Long Lake town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Long Lake town, the median household income for the households where the householder is White decreased by $89(0.14%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $65,015 in 2011 and $64,926 in 2021.
- As per the U.S. Census Bureau population data, in Long Lake town, 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.
Read more about Long Lake Town, Washburn County, Wisconsin median household income by race ➔
Year by year
Long Lake Town, Washburn County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Long Lake town decreased by $7,255 (9.98%), 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 6,127 (from $68,920 to $75,047). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 9,990 (from $75,047 to $65,057).
- It then further increased to $74,763 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4435, it is evident that income distribution in Long Lake Town, Washburn County, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $75,063. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $43,912.
Read more about Long Lake Town, Washburn County, Wisconsin median household income ➔