Age of householder
Per the latest American Community Survey by the Census Bureau, New Baden sees its highest median household income among householders in the age group of 65 years and over old, at $103,437. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in New Baden, the median household income stands at $103,437 for householders within the 65 years and over age group, followed by $90,546 for the 45 to 64 years age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $78,456.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $41,327(66.54%), escalating from a median of $62,110 in 2011 to $103,437 in 2021.
- 62(4.37%) households where the householder is under 25 years old.
- 195(13.75%) households with a householder aged between 25 and 44 years.
- 947(66.78%) households with a householder aged between 45 and 64 years.
- 214(15.09%) households where the householder is over 65 years old.
Read more about New Baden, IL median household income by age ➔
Gender
In New Baden, the population consists of 1,648 males (48.22%) and 1,770 females (51.78%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Baden, the median income for all workers aged 15 years and older, regardless of work hours, was $70,332 for males and $46,898 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,342 for males and $77,431 for females.
- In New Baden, the median income for all workers aged 15 years and older, regardless of work hours, was $70,332 for males and $46,898 for females.
- In New Baden, among full-time, year-round workers aged 15 years and older, males earned a median income of $71,342, while females earned $77,431
Read more about New Baden, IL income by gender ➔
Race
In New Baden, the population is predominantly White, constituting 82.62% 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 $86,218.
- In New Baden, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $184,557. This reveals that, while Whites may be the most numerous in New Baden, Black or African American households experience greater economic prosperity in terms of median household income.
- In New Baden, the median household income for the households where the householder is White increased by $3,088(3.71%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $83,130 in 2011 and $86,218 in 2021.
- In New Baden, the median household income for the households where the householder is Black or African American increased by $148,148(406.90%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,409 in 2011 and $184,557 in 2021.
Read more about New Baden, IL median household income by race ➔
Year by year
New Baden, IL median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Baden increased by $8,237 (10.58%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 8,962 (from $79,909 to $88,871). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 7,852 (from $88,871 to $81,019).
- It then further decreased to 69,456 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3126, it is evident that income distribution in New Baden, IL exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,139. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $79,717.
Read more about New Baden, IL median household income ➔