Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Ayr sees its highest median household income among householders in the age group of 45 to 64 years old, at $34,454. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Mount Ayr only reports a median household income of $34,454 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 $15,807(31.45%), declining from a median of $50,261 in 2011 to $34,454 in 2021.
- 0 households where the householder is under 25 years old.
- 10(26.32%) households with a householder aged between 25 and 44 years.
- 19(50%) households with a householder aged between 45 and 64 years.
- 9(23.68%) households where the householder is over 65 years old.
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Gender
In Mount Ayr, the population consists of 50 males (42.37%) and 68 females (57.63%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Ayr, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $14,125 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $41,885 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Mount Ayr, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $14,125 for females.
- In Mount Ayr, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $41,885 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Mount Ayr, the population is predominantly White, constituting 100% 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 $49,992.
- In Mount Ayr, White is both the largest group and the one with the highest median household income, which stands at $49,992.
- In Mount Ayr, the median household income for the households where the householder is White increased by $7,496(17.64%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $42,496 in 2011 and $49,992 in 2021.
- As per the U.S. Census Bureau population data, in Mount Ayr, 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
Mount Ayr, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Ayr increased by $6,907 (16.03%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 8,642 (from $43,058 to $51,700). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 3,340 (from $46,398 to $43,058).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.3413, it is evident that income distribution in Mount Ayr, IN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $22,601.
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