Age of householder
Per the latest American Community Survey by the Census Bureau, Mount Chase town sees its highest median household income among householders in the age group of 65 years and over old, at $57,199. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Mount Chase town, where there exist only two delineated age groups, the median household income is $57,199 for householders within the 65 years and over age group, compared to $36,932 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $31,047(118.72%), escalating from a median of $26,152 in 2011 to $57,199 in 2021.
- 0 households where the householder is under 25 years old.
- 16(18.39%) households with a householder aged between 25 and 44 years.
- 32(36.78%) households with a householder aged between 45 and 64 years.
- 39(44.83%) households where the householder is over 65 years old.
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Gender
In Mount Chase town, the population consists of 105 males (55.56%) and 84 females (44.44%). Here are the primary highlights from the gender-based income distribution analysis:
- In Mount Chase town, the median income for all workers aged 15 years and older, regardless of work hours, was $37,021 for males and $24,321 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,046 for males and $119,351 for females.
- In Mount Chase town, the median income for all workers aged 15 years and older, regardless of work hours, was $37,021 for males and $24,321 for females.
- In Mount Chase town, among full-time, year-round workers aged 15 years and older, males earned a median income of $54,046, while females earned $119,351
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Race
In Mount Chase town, 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 $43,816.
- In Mount Chase town, White is both the largest group and the one with the highest median household income, which stands at $43,816.
- In Mount Chase town, the median household income for the households where the householder is White decreased by $18,703(29.92%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $62,519 in 2011 and $43,816 in 2021.
- As per the U.S. Census Bureau population data, in Mount Chase 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
Mount Chase, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Mount Chase town increased by $5,445 (14.19%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 27,008 (from $38,371 to $65,379). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 26,955 (from $65,379 to $38,424).
- It then further increased to $146,374 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.5031, it is evident that income distribution in Mount Chase, Maine exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $42,936.
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