Age of householder
Per the latest American Community Survey by the Census Bureau, Manchester-by-the-Sea town sees its highest median household income among householders in the age group of 45 to 64 years old, at $263,898. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Manchester-by-the-Sea town, the median household income stands at $263,898 for householders within the 45 to 64 years age group, followed by $196,881 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 $152,342.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $92,725(54.17%), escalating from a median of $171,173 in 2011 to $263,898 in 2021.
- 0 households where the householder is under 25 years old.
- 390(18.75%) households with a householder aged between 25 and 44 years.
- 985(47.36%) households with a householder aged between 45 and 64 years.
- 705(33.89%) households where the householder is over 65 years old.
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Gender
In Manchester-by-the-Sea town, the population consists of 2,631 males (48.89%) and 2,751 females (51.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Manchester-by-the-Sea town, the median income for all workers aged 15 years and older, regardless of work hours, was $133,840 for males and $63,735 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $191,530 for males and $97,216 for females.
- In Manchester-by-the-Sea town, the median income for all workers aged 15 years and older, regardless of work hours, was $133,840 for males and $63,735 for females.
- In Manchester-by-the-Sea town, among full-time, year-round workers aged 15 years and older, males earned a median income of $191,530, while females earned $97,216, leading to a 49% gender pay gap among full-time workers. This illustrates that women earn 51 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Manchester-by-the-Sea town, the population is predominantly White, constituting 93.11% 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 $208,519.
- In Manchester-by-the-Sea town, White is both the largest group and the one with the highest median household income, which stands at $208,519.
- In Manchester-by-the-Sea town, the median household income for the households where the householder is White increased by $58,871(39.34%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $149,648 in 2011 and $208,519 in 2021.
- As per the U.S. Census Bureau population data, in Manchester-by-the-Sea 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.
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Year by year
Manchester-by-the-Sea, Massachusetts median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Manchester-by-the-Sea town increased by $67,243 (47.46%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 8 years and declined for 3 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 31,065 (from $170,917 to $201,982). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 35,076 (from $145,915 to $110,839).
- It then further increased to $224,114 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3994, it is evident that income distribution in Manchester-by-the-Sea, Massachusetts exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $256,645. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,783.
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