Age of householder
Per the latest American Community Survey by the Census Bureau, Nelson town sees its highest median household income among householders in the age group of 45 to 64 years old, at $116,198. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Nelson town, the median household income stands at $116,198 for householders within the 45 to 64 years age group, followed by $106,934 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $78,817.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $55,720(108.80%), escalating from a median of $51,214 in 2011 to $106,934 in 2021.
- 0 households where the householder is under 25 years old.
- 58(23.39%) households with a householder aged between 25 and 44 years.
- 88(35.48%) households with a householder aged between 45 and 64 years.
- 102(41.13%) households where the householder is over 65 years old.
Read more about Nelson, New Hampshire median household income by age ➔
Gender
In Nelson town, the population consists of 266 males (45.39%) and 320 females (54.61%). Here are the primary highlights from the gender-based income distribution analysis:
- In Nelson town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,979 for males and $40,534 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,748 for males and $66,476 for females.
- In Nelson town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,979 for males and $40,534 for females.
- In Nelson town, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,748, while females earned $66,476
Read more about Nelson, New Hampshire income by gender ➔
Race
In Nelson town, the population is predominantly White, constituting 93.52% 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 $95,931.
- In Nelson town, White is both the largest group and the one with the highest median household income, which stands at $95,931.
- In Nelson town, the median household income for the households where the householder is White increased by $12,824(15.43%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,107 in 2011 and $95,931 in 2021.
- As per the U.S. Census Bureau population data, in Nelson 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.
Read more about Nelson, New Hampshire median household income by race ➔
Year by year
Nelson, New Hampshire median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Nelson town increased by $6,613 (7.56%), 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 2011 to 2012, when the median household income increased by 16,955 (from $83,107 to $100,062). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 10,001 (from $92,141 to $82,140).
- It then further increased to $107,898 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.44, it is evident that income distribution in Nelson, New Hampshire exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $107,319. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $79,267.
Read more about Nelson, New Hampshire median household income ➔