Age of householder
Per the latest American Community Survey by the Census Bureau, Orwell town sees its highest median household income among householders in the age group of under 25 years old, at $95,120. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Orwell town, the median household income stands at $95,120 for householders within the under 25 years age group, followed by $81,454 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $53,145.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $18,821(54.83%), escalating from a median of $34,324 in 2011 to $53,145 in 2021.
- 16(3.85%) households where the householder is under 25 years old.
- 84(20.19%) households with a householder aged between 25 and 44 years.
- 184(44.23%) households with a householder aged between 45 and 64 years.
- 132(31.73%) households where the householder is over 65 years old.
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Gender
In Orwell town, the population consists of 491 males (48.18%) and 528 females (51.82%). Here are the primary highlights from the gender-based income distribution analysis:
- In Orwell town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,444 for males and $38,156 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,614 for males and $59,675 for females.
- In Orwell town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,444 for males and $38,156 for females.
- In Orwell town, among full-time, year-round workers aged 15 years and older, males earned a median income of $46,614, while females earned $59,675
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Race
In Orwell town, the population is predominantly White, constituting 95.98% 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 $67,782.
- In Orwell town, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $143,446. This reveals that, while Whites may be the most numerous in Orwell town, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Orwell town, the median household income for the households where the householder is White decreased by $1,377(1.99%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $69,159 in 2011 and $67,782 in 2021.
- As per the U.S. Census Bureau population data, in Orwell 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
Orwell, Vermont median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Orwell town decreased by $2,971 (4.16%), 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 2013 to 2014, when the median household income increased by 2,916 (from $68,132 to $71,048). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 2,718 (from $69,159 to $66,441).
- It then further increased to $129,259 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3469, it is evident that income distribution in Orwell, Vermont exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $83,921. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,661.
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