Age of householder
Per the latest American Community Survey by the Census Bureau, Monticello town sees its highest median household income among householders in the age group of 25 to 44 years old, at $103,025. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Monticello town, the median household income stands at $103,025 for householders within the 25 to 44 years age group, followed by $74,313 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 $46,209.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,182(68.39%), escalating from a median of $44,131 in 2011 to $74,313 in 2021.
- 0 households where the householder is under 25 years old.
- 15(32.61%) households with a householder aged between 25 and 44 years.
- 15(32.61%) households with a householder aged between 45 and 64 years.
- 16(34.78%) households where the householder is over 65 years old.
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Gender
In Monticello town, the population consists of 49 males (48.04%) and 53 females (51.96%). Here are the primary highlights from the gender-based income distribution analysis:
- In Monticello town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,721 for males and $33,007 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $67,557 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Monticello town, the median income for all workers aged 15 years and older, regardless of work hours, was $54,721 for males and $33,007 for females.
- In Monticello town, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $67,557 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Monticello town, the population is predominantly White, constituting 96.08% 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 $59,450.
- In Monticello town, White is both the largest group and the one with the highest median household income, which stands at $59,450.
- In Monticello town, the median household income for the households where the householder is White decreased by $30,446(33.87%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $89,896 in 2011 and $59,450 in 2021.
- As per the U.S. Census Bureau population data, in Monticello 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
Monticello Town, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Monticello town decreased by $19,820 (25%), 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 27,412 (from $63,906 to $91,318). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 31,163 (from $81,093 to $49,930).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3574, it is evident that income distribution in Monticello Town, Wisconsin exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,569.
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