Age of householder
Per the latest American Community Survey by the Census Bureau, McCook County sees its highest median household income among householders in the age group of 25 to 44 years old, at $97,829. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in McCook County, householders within the 25 to 44 years age group have the highest median household income at $97,829, followed by those in the 45 to 64 years age group with an income of $79,447. Meanwhile householders within the under 25 years age group report the second lowest median household income of $68,303. Notably, householders within the 65 years and over age group, had the lowest median household income at $58,700.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $29,365(75.41%), escalating from a median of $38,938 in 2011 to $68,303 in 2021.
- 154(7.08%) households where the householder is under 25 years old.
- 633(29.09%) households with a householder aged between 25 and 44 years.
- 846(38.88%) households with a householder aged between 45 and 64 years.
- 543(24.95%) households where the householder is over 65 years old.
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Gender
In McCook County, the population consists of 2,931 males (51.64%) and 2,745 females (48.36%). Here are the primary highlights from the gender-based income distribution analysis:
- In McCook County, the median income for all workers aged 15 years and older, regardless of work hours, was $48,641 for males and $31,351 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,750 for males and $50,233 for females.
- In McCook County, the median income for all workers aged 15 years and older, regardless of work hours, was $48,641 for males and $31,351 for females.
- In McCook County, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,750, while females earned $50,233, resulting in a 10% gender pay gap among full-time workers. This illustrates that women earn 90 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the county of McCook County.
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Race
In McCook County, the population is predominantly White, constituting 95.63% 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 $79,644.
- In McCook County, White is both the largest group and the one with the highest median household income, which stands at $79,644.
- In McCook County, the median household income for the households where the householder is White increased by $18,117(29.45%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,527 in 2011 and $79,644 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.
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Year by year
McCook County, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for McCook County increased by $21,195 (37.38%), 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 2012 to 2013, when the median household income increased by 5,796 (from $60,699 to $66,495). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 2,132 (from $72,755 to $70,623).
- It then further increased to $117,955 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.368, it is evident that income distribution in McCook County, SD exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $91,247. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $52,019.
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