Age of householder
Per the latest American Community Survey by the Census Bureau, Melcher-Dallas sees its highest median household income among householders in the age group of 25 to 44 years old, at $72,117. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Melcher-Dallas, the median household income stands at $72,117 for householders within the 25 to 44 years age group, followed by $71,299 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $36,751.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $18,587(35.26%), escalating from a median of $52,712 in 2011 to $71,299 in 2021.
- 25(5.04%) households where the householder is under 25 years old.
- 157(31.65%) households with a householder aged between 25 and 44 years.
- 176(35.48%) households with a householder aged between 45 and 64 years.
- 138(27.82%) households where the householder is over 65 years old.
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Gender
In Melcher-Dallas, the population consists of 578 males (47.65%) and 635 females (52.35%). Here are the primary highlights from the gender-based income distribution analysis:
- In Melcher-Dallas, the median income for all workers aged 15 years and older, regardless of work hours, was $40,083 for males and $21,078 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,554 for males and $50,927 for females.
- In Melcher-Dallas, the median income for all workers aged 15 years and older, regardless of work hours, was $40,083 for males and $21,078 for females.
- In Melcher-Dallas, among full-time, year-round workers aged 15 years and older, males earned a median income of $53,554, while females earned $50,927, resulting in a 5% gender pay gap among full-time workers. This illustrates that women earn 95 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 city of Melcher-Dallas.
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Race
In Melcher-Dallas, the population is predominantly White, constituting 97.36% 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 $57,542.
- In Melcher-Dallas, 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 $58,550. This reveals that, while Whites may be the most numerous in Melcher-Dallas, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Melcher-Dallas, the median household income for the households where the householder is White increased by $881(1.55%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $56,661 in 2011 and $57,542 in 2021.
- As per the U.S. Census Bureau population data, in Melcher-Dallas, 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
Melcher-Dallas, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Melcher-Dallas increased by $1,333 (2.37%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 7,268 (from $40,951 to $48,219). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 5,613 (from $46,564 to $40,951).
- It then further increased to $77,326 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3466, it is evident that income distribution in Melcher-Dallas, IA exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $62,256. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $28,374.
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