Age of householder
Per the latest American Community Survey by the Census Bureau, New Meadows sees its highest median household income among householders in the age group of 45 to 64 years old, at $74,988. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in New Meadows, where there exist only two delineated age groups, the median household income is $74,988 for householders within the 45 to 64 years age group, compared to $71,310 for the 25 to 44 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $27,860(59.12%), escalating from a median of $47,128 in 2011 to $74,988 in 2021.
- 3(2.56%) households where the householder is under 25 years old.
- 55(47.01%) households with a householder aged between 25 and 44 years.
- 42(35.90%) households with a householder aged between 45 and 64 years.
- 17(14.53%) households where the householder is over 65 years old.
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Gender
In New Meadows, the population consists of 235 males (59.49%) and 160 females (40.51%). Here are the primary highlights from the gender-based income distribution analysis:
- In New Meadows, the median income for all workers aged 15 years and older, regardless of work hours, was $41,458 for males and $28,524 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,529 for males and $37,218 for females.
- In New Meadows, the median income for all workers aged 15 years and older, regardless of work hours, was $41,458 for males and $28,524 for females.
- In New Meadows, among full-time, year-round workers aged 15 years and older, males earned a median income of $34,529, while females earned $37,218
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Race
In New Meadows, 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 $56,652.
- In New Meadows, White is both the largest group and the one with the highest median household income, which stands at $56,652.
- In New Meadows, the median household income for the households where the householder is White increased by $13,339(30.80%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $43,313 in 2011 and $56,652 in 2021.
- As per the U.S. Census Bureau population data, in New Meadows, 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
New Meadows, ID median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for New Meadows increased by $14,262 (33.64%), 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 2013 to 2014, when the median household income increased by 22,952 (from $33,514 to $56,466). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 17,087 (from $56,466 to $39,379).
- It then further increased to $73,637 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.2844, it is evident that income distribution in New Meadows, ID exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,048.
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