Age of householder
Per the latest American Community Survey by the Census Bureau, Mercer town sees its highest median household income among householders in the age group of 25 to 44 years old, at $61,140. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mercer town, the median household income stands at $61,140 for householders within the 25 to 44 years age group, followed by $60,801 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $60,064.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $26,180(75.62%), escalating from a median of $34,621 in 2011 to $60,801 in 2021.
- 0 households where the householder is under 25 years old.
- 102(15.91%) households with a householder aged between 25 and 44 years.
- 241(37.60%) households with a householder aged between 45 and 64 years.
- 298(46.49%) households where the householder is over 65 years old.
Read more about Mercer, Wisconsin median household income by age ➔
Gender
In Mercer town, the population consists of 681 males (49.17%) and 704 females (50.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mercer town, the median income for all workers aged 15 years and older, regardless of work hours, was $36,819 for males and $21,787 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,132 for males and $51,499 for females.
- In Mercer town, the median income for all workers aged 15 years and older, regardless of work hours, was $36,819 for males and $21,787 for females.
- In Mercer town, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,132, while females earned $51,499
Read more about Mercer, Wisconsin income by gender ➔
Race
In Mercer town, the population is predominantly White, constituting 98.27% 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 $60,585.
- In Mercer town, White is both the largest group and the one with the highest median household income, which stands at $60,585.
- In Mercer town, the median household income for the households where the householder is White increased by $15,174(33.41%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $45,411 in 2011 and $60,585 in 2021.
- As per the U.S. Census Bureau population data, in Mercer 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 Mercer, Wisconsin median household income by race ➔
Year by year
Mercer, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mercer town increased by $19,263 (46.62%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 10 years and declined for 1 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 6,794 (from $47,595 to $54,389). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 1,134 (from $54,389 to $53,255).
- It then further increased to $99,084 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3815, it is evident that income distribution in Mercer, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $70,598. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $30,671.
Read more about Mercer, Wisconsin median household income ➔