Age of householder
Per the latest American Community Survey by the Census Bureau, Minturn sees its highest median household income among householders in the age group of 45 to 64 years old, at $118,064. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Minturn, where there exist only two delineated age groups, the median household income is $118,064 for householders within the 45 to 64 years age group, compared to $109,767 for the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $35,807(48.41%), escalating from a median of $73,960 in 2011 to $109,767 in 2021.
- 4(1.10%) households where the householder is under 25 years old.
- 145(39.73%) households with a householder aged between 25 and 44 years.
- 123(33.70%) households with a householder aged between 45 and 64 years.
- 93(25.48%) households where the householder is over 65 years old.
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Gender
In Minturn, the population consists of 564 males (52.03%) and 520 females (47.97%). Here are the primary highlights from the gender-based income distribution analysis:
- In Minturn, the median income for all workers aged 15 years and older, regardless of work hours, was $56,898 for males and $49,317 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $63,977 for males and $63,728 for females.
- In Minturn, the median income for all workers aged 15 years and older, regardless of work hours, was $56,898 for males and $49,317 for females.
- In Minturn, for all full-time workers aged 15 years and older, the median income was equal at, $63,728 for both males and females. This indicates a gender income balance in Minturn, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Minturn, the population is predominantly White, constituting 87.18% 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 $109,118.
- In Minturn, 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 $117,484. This reveals that, while Whites may be the most numerous in Minturn, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Minturn, the median household income for the households where the householder is White increased by $8,284(8.22%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $100,834 in 2011 and $109,118 in 2021.
- As per the U.S. Census Bureau population data, in Minturn, 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
Minturn, CO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Minturn increased by $9,150 (9.06%), 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 2016 to 2017, when the median household income increased by 15,185 (from $83,832 to $99,017). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 14,351 (from $96,119 to $81,768).
- It then further increased to $125,656 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3981, it is evident that income distribution in Minturn, CO exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $118,031. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $62,828.
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