Age of householder
Per the latest American Community Survey by the Census Bureau, North Haven town sees its highest median household income among householders in the age group of 45 to 64 years old, at $96,945. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in North Haven town, the median household income stands at $96,945 for householders within the 45 to 64 years age group, followed by $81,744 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $69,294.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $3,780(4.06%), escalating from a median of $93,165 in 2011 to $96,945 in 2021.
- 0 households where the householder is under 25 years old.
- 74(37.37%) households with a householder aged between 25 and 44 years.
- 53(26.77%) households with a householder aged between 45 and 64 years.
- 71(35.86%) households where the householder is over 65 years old.
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Gender
In North Haven town, the population consists of 246 males (51.68%) and 230 females (48.32%). Here are the primary highlights from the gender-based income distribution analysis:
- In North Haven town, the median income for all workers aged 15 years and older, regardless of work hours, was $57,423 for males and $30,026 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,941 for males and $52,019 for females.
- In North Haven town, the median income for all workers aged 15 years and older, regardless of work hours, was $57,423 for males and $30,026 for females.
- In North Haven town, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,941, while females earned $52,019, resulting in a 9% gender pay gap among full-time workers. This illustrates that women earn 91 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 town of North Haven town.
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Race
In North Haven town, the population is predominantly White, constituting 99.79% 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 $83,771.
- In North Haven town, White is both the largest group and the one with the highest median household income, which stands at $83,771.
- In North Haven town, the median household income for the households where the householder is White decreased by $3,469(3.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $87,240 in 2011 and $83,771 in 2021.
- As per the U.S. Census Bureau population data, in North Haven 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
North Haven, Maine median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for North Haven town decreased by $7,493 (8.21%), 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 6,082 (from $69,517 to $75,599). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 7,159 (from $76,012 to $68,853).
- It then further increased to $68,233 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4102, it is evident that income distribution in North Haven, Maine exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $82,420. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $71,610.
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