Age of householder
Per the latest American Community Survey by the Census Bureau, Plum Lake town sees its highest median household income among householders in the age group of 25 to 44 years old, at $69,331. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Plum Lake town, the median household income stands at $69,331 for householders within the 25 to 44 years age group, followed by $49,092 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 $45,602.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $1,147(2.39%), escalating from a median of $47,945 in 2011 to $49,092 in 2021.
- 0 households where the householder is under 25 years old.
- 49(21.40%) households with a householder aged between 25 and 44 years.
- 80(34.93%) households with a householder aged between 45 and 64 years.
- 100(43.67%) households where the householder is over 65 years old.
Read more about Plum Lake, Wisconsin median household income by age ➔
Gender
In Plum Lake town, the population consists of 243 males (57.04%) and 183 females (42.96%). Here are the primary highlights from the gender-based income distribution analysis:
- In Plum Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,780 for males and $26,292 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $41,824 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Plum Lake town, the median income for all workers aged 15 years and older, regardless of work hours, was $40,780 for males and $26,292 for females.
- In Plum Lake town, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $41,824 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Plum Lake, Wisconsin income by gender ➔
Race
In Plum Lake town, the population is predominantly White, constituting 94.13% 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 $50,893.
- In Plum Lake town, White is both the largest group and the one with the highest median household income, which stands at $50,893.
- In Plum Lake town, the median household income for the households where the householder is White decreased by $1,302(2.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $52,195 in 2011 and $50,893 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
Read more about Plum Lake, Wisconsin median household income by race ➔
Year by year
Plum Lake, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Plum Lake town decreased by $5,102 (9.08%), 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 2015 to 2016, when the median household income increased by 11,965 (from $64,731 to $76,696). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 19,625 (from $70,743 to $51,118).
- It then further increased to $69,904 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3879, it is evident that income distribution in Plum Lake, Wisconsin exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $76,339. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,481.
Read more about Plum Lake, Wisconsin median household income ➔