Age of householder
Per the latest American Community Survey by the Census Bureau, Montague town sees its highest median household income among householders in the age group of 45 to 64 years old, at $28,965. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Montague town only reports a median household income of $28,965 among householders in the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $78,583(73.07%), declining from a median of $107,548 in 2011 to $28,965 in 2021.
- 0 households where the householder is under 25 years old.
- 5(7.35%) households with a householder aged between 25 and 44 years.
- 48(70.59%) households with a householder aged between 45 and 64 years.
- 15(22.06%) households where the householder is over 65 years old.
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Gender
In Montague town, the population consists of 45 males (42.45%) and 61 females (57.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Montague town, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $28,543 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $60,801 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Montague town, the median income for all workers aged 15 years and older, regardless of work hours, was $36,481 for males and $28,543 for females.
- In Montague town, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $60,801 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Montague town, the population is predominantly White, constituting 96.23% 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 $29,108.
- In Montague town, White is both the largest group and the one with the highest median household income, which stands at $29,108.
- In Montague town, the median household income for the households where the householder is White decreased by $76,806(72.52%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $105,914 in 2011 and $29,108 in 2021.
- As per the U.S. Census Bureau population data, in Montague 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.
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Year by year
Montague, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Montague town decreased by $54,847 (65.33%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 2 years and declined for 9 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 21,959 (from $83,955 to $105,914). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 27,064 (from $105,914 to $78,850).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.5784, it is evident that income distribution in Montague, New York exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $40,852.
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