Age of householder
Per the latest American Community Survey by the Census Bureau, Onward sees its highest median household income among householders in the age group of 25 to 44 years old, at $100,844. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Onward, the median household income stands at $100,844 for householders within the 25 to 44 years age group, followed by $54,496 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $44,858.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $81,776(428.87%), escalating from a median of $19,068 in 2011 to $100,844 in 2021.
- 4(7.02%) households where the householder is under 25 years old.
- 15(26.32%) households with a householder aged between 25 and 44 years.
- 28(49.12%) households with a householder aged between 45 and 64 years.
- 10(17.54%) households where the householder is over 65 years old.
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Gender
In Onward, the population consists of 112 males (66.67%) and 56 females (33.33%). Here are the primary highlights from the gender-based income distribution analysis:
- In Onward, while the Census reported a median income of $36,481 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $44,407 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Onward, while the Census reported a median income of $36,481 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Onward, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $44,407 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Year by year
Onward, IN median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Onward increased by $6,480 (13.46%), 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 11,562 (from $45,313 to $56,875). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 9,937 (from $42,426 to $32,489).
- It then further increased to $55,622 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3962, it is evident that income distribution in Onward, IN exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,632.
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