Age of householder
Per the latest American Community Survey by the Census Bureau, Passaic sees its highest median household income among householders in the age group of 65 years and over old, at $44,588. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Passaic only reports a median household income of $44,588 among householders in the 65 years and over age group.
- 0 households where the householder is under 25 years old.
- 6(54.55%) households with a householder aged between 25 and 44 years.
- 2(18.18%) households with a householder aged between 45 and 64 years.
- 3(27.27%) households where the householder is over 65 years old.
Read more about Passaic, MO median household income by age ➔
Race
In Passaic, the population is predominantly White, constituting 87.88% 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 $50,331.
- In Passaic, White is both the largest group and the one with the highest median household income, which stands at $50,331.
- In Passaic, the median household income for the households where the householder is White increased by $13,555(36.86%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $36,776 in 2011 and $50,331 in 2021.
- As per the U.S. Census Bureau population data, in Passaic, 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.
Read more about Passaic, MO median household income by race ➔
Year by year
Passaic, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Passaic increased by $19,410 (62.77%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2014 to 2015, when the median household income increased by 7,684 (from $34,128 to $41,812). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 5,156 (from $36,776 to $31,620).
- NA
- With a Gini coefficient of 0.198, it is evident that income distribution in Passaic, MO exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,126.
Read more about Passaic, MO median household income ➔