Age of householder
Per the latest American Community Survey by the Census Bureau, Moscow town sees its highest median household income among householders in the age group of 25 to 44 years old, at $64,275. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Moscow town only reports a median household income of $64,275 among householders in 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 $3,800(6.28%), escalating from a median of $60,475 in 2011 to $64,275 in 2021.
- 0 households where the householder is under 25 years old.
- 23(8.36%) households with a householder aged between 25 and 44 years.
- 142(51.64%) households with a householder aged between 45 and 64 years.
- 110(40%) households where the householder is over 65 years old.
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Gender
In Moscow town, the population consists of 311 males (58.90%) and 217 females (41.10%). Here are the primary highlights from the gender-based income distribution analysis:
- In Moscow town, the median income for all workers aged 15 years and older, regardless of work hours, was $31,527 for males and $16,270 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,801 for males and $47,000 for females.
- In Moscow town, the median income for all workers aged 15 years and older, regardless of work hours, was $31,527 for males and $16,270 for females.
- In Moscow town, among full-time, year-round workers aged 15 years and older, males earned a median income of $60,801, while females earned $47,000, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 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 Moscow town, the population is predominantly White, constituting 97.35% 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 $34,589.
- In Moscow town, White is both the largest group and the one with the highest median household income, which stands at $34,589.
- In Moscow town, the median household income for the households where the householder is White decreased by $17,169(33.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $51,758 in 2011 and $34,589 in 2021.
- As per the U.S. Census Bureau population data, in Moscow 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
Moscow, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Moscow town decreased by $10,817 (21.03%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2020 to 2021, when the median household income increased by 2,853 (from $37,771 to $40,624). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 11,413 (from $51,758 to $40,345).
- It then further increased to $70,091 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4667, it is evident that income distribution in Moscow, Maine exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $33,377.
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