Age of householder
Per the latest American Community Survey by the Census Bureau, Mineral City sees its highest median household income among householders in the age group of 45 to 64 years old, at $84,559. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mineral City, where there exist only two delineated age groups, the median household income is $84,559 for householders within the 45 to 64 years age group, compared to $42,851 for the 65 years and over age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $27,679(48.66%), escalating from a median of $56,880 in 2011 to $84,559 in 2021.
- 35(13.21%) households where the householder is under 25 years old.
- 89(33.58%) households with a householder aged between 25 and 44 years.
- 95(35.85%) households with a householder aged between 45 and 64 years.
- 46(17.36%) households where the householder is over 65 years old.
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Gender
In Mineral City, the population consists of 334 males (44.24%) and 421 females (55.76%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mineral City, the median income for all workers aged 15 years and older, regardless of work hours, was $32,596 for males and $19,937 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $47,515 for males and $33,914 for females.
- In Mineral City, the median income for all workers aged 15 years and older, regardless of work hours, was $32,596 for males and $19,937 for females.
- In Mineral City, among full-time, year-round workers aged 15 years and older, males earned a median income of $47,515, while females earned $33,914, leading to a 29% gender pay gap among full-time workers. This illustrates that women earn 71 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.
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Race
In Mineral City, the population is predominantly White, constituting 98.94% 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 $52,919.
- In Mineral City, White is both the largest group and the one with the highest median household income, which stands at $52,919.
- In Mineral City, the median household income for the households where the householder is White decreased by $2,163(3.93%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $55,082 in 2011 and $52,919 in 2021.
- As per the U.S. Census Bureau population data, in Mineral City, 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
Mineral City, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mineral City decreased by $12,532 (19.41%), 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 2015 to 2016, when the median household income increased by 5,269 (from $57,987 to $63,256). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 9,469 (from $64,551 to $55,082).
- It then further decreased to 57,423 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4204, it is evident that income distribution in Mineral City, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $57,423. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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