Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Carbon sees its highest median household income among householders in the age group of 65 years and over old, at $75,664. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Mount Carbon only reports a median household income of $75,664 among householders in the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $59,319(362.92%), escalating from a median of $16,345 in 2011 to $75,664 in 2021.
- 0 households where the householder is under 25 years old.
- 6(28.57%) households with a householder aged between 25 and 44 years.
- 9(42.86%) households with a householder aged between 45 and 64 years.
- 6(28.57%) households where the householder is over 65 years old.
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Gender
In Mount Carbon, the population consists of 22 males (57.89%) and 16 females (42.11%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Carbon, while the Census reported a median income of $47,290 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,584 for males and $66,206 for females.
- In Mount Carbon, while the Census reported a median income of $47,290 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Mount Carbon, among full-time, year-round workers aged 15 years and older, males earned a median income of $69,584, while females earned $66,206, resulting in a 5% gender pay gap among full-time workers. This illustrates that women earn 95 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the borough of Mount Carbon.
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Race
In Mount Carbon, 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 $74,313.
- In Mount Carbon, White is both the largest group and the one with the highest median household income, which stands at $74,313.
- In Mount Carbon, the median household income for the households where the householder is White increased by $23,644(46.66%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $50,669 in 2011 and $74,313 in 2021.
- As per the U.S. Census Bureau population data, in Mount Carbon, 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 Carbon, PA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Carbon increased by $23,233 (45.48%), 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 2012 to 2013, when the median household income increased by 16,863 (from $50,165 to $67,028). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 20,638 (from $68,644 to $48,006).
- It then further increased to $91,878 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4054, it is evident that income distribution in Mount Carbon, PA exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $44,822.
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