Age of householder
Per the latest American Community Survey by the Census Bureau, North Hudson town sees its highest median household income among householders in the age group of 25 to 44 years old, at $71,610. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in North Hudson town, where there exist only two delineated age groups, the median household income is $71,610 for householders within the 25 to 44 years age group, compared to $66,956 for the 45 to 64 years age group.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated the smallest decline of $20,216(23.19%), declining from a median of $87,172 in 2011 to $66,956 in 2021.
- 0 households where the householder is under 25 years old.
- 21(18.75%) households with a householder aged between 25 and 44 years.
- 58(51.79%) households with a householder aged between 45 and 64 years.
- 33(29.46%) households where the householder is over 65 years old.
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Gender
In North Hudson town, the population consists of 111 males (47.03%) and 125 females (52.97%). Here are the primary highlights from the gender-based income distribution analysis:
- In North Hudson town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,816 for males and $28,224 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $51,343 for males and $51,150 for females.
- In North Hudson town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,816 for males and $28,224 for females.
- In North Hudson town, for all full-time workers aged 15 years and older, the median income was equal at, $51,150 for both males and females. This indicates a gender income balance in North Hudson town, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In North Hudson town, the population is predominantly White, constituting 96.61% 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 $60,801.
- In North Hudson town, White is both the largest group and the one with the highest median household income, which stands at $60,801.
- In North Hudson town, the median household income for the households where the householder is White increased by $54(0.09%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,747 in 2011 and $60,801 in 2021.
- As per the U.S. Census Bureau population data, in North Hudson 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 Hudson, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for North Hudson town decreased by $1,658 (2.60%), 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 2019 to 2020, when the median household income increased by 9,229 (from $49,756 to $58,985). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 7,851 (from $63,084 to $55,233).
- It then further increased to $98,633 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3737, it is evident that income distribution in North Hudson, New York exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,106. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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