Age of householder
Per the latest American Community Survey by the Census Bureau, Lower Frankford township sees its highest median household income among householders in the age group of 45 to 64 years old, at $76,523. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Lower Frankford township, the median household income stands at $76,523 for householders within the 45 to 64 years age group, followed by $76,115 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $67,557.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,895(68.32%), escalating from a median of $45,220 in 2011 to $76,115 in 2021.
- 11(1.50%) households where the householder is under 25 years old.
- 228(31.02%) households with a householder aged between 25 and 44 years.
- 323(43.95%) households with a householder aged between 45 and 64 years.
- 173(23.54%) households where the householder is over 65 years old.
Read more about Lower Frankford Township, Pennsylvania median household income by age ➔
Gender
In Lower Frankford township, the population consists of 1,059 males (53.35%) and 926 females (46.65%). Here are the primary highlights from the gender-based income distribution analysis:
- In Lower Frankford township, the median income for all workers aged 15 years and older, regardless of work hours, was $40,460 for males and $29,526 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,697 for males and $41,885 for females.
- In Lower Frankford township, the median income for all workers aged 15 years and older, regardless of work hours, was $40,460 for males and $29,526 for females.
- In Lower Frankford township, among full-time, year-round workers aged 15 years and older, males earned a median income of $50,697, while females earned $41,885, leading to a 17% gender pay gap among full-time workers. This illustrates that women earn 83 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.
Read more about Lower Frankford Township, Pennsylvania income by gender ➔
Race
In Lower Frankford township, the population is predominantly White, constituting 90.73% 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 $71,160.
- In Lower Frankford 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 $134,438. This reveals that, while Whites may be the most numerous in Lower Frankford township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Lower Frankford township, the median household income for the households where the householder is White decreased by $878(1.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $72,038 in 2011 and $71,160 in 2021.
- In Lower Frankford township, the median household income for Black or African American households was $11,932 in 2011(2022 inflation-adjusted dollars). However there is no reported data for 2021, indicating a lack of information for this specific year.
Read more about Lower Frankford Township, Pennsylvania median household income by race ➔
Year by year
Lower Frankford Township, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Lower Frankford township increased by $50 (0.07%), 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 2013 to 2014, when the median household income increased by 6,094 (from $69,824 to $75,918). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 4,130 (from $75,918 to $71,788).
- It then further increased to $71,610 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3972, it is evident that income distribution in Lower Frankford Township, Pennsylvania exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $78,817. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $55,107.
Read more about Lower Frankford Township, Pennsylvania median household income ➔