Age of householder
Per the latest American Community Survey by the Census Bureau, Pownal town sees its highest median household income among householders in the age group of 25 to 44 years old, at $93,275. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Pownal town, the median household income stands at $93,275 for householders within the 25 to 44 years age group, followed by $70,935 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 $56,241.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $3,216(3.57%), escalating from a median of $90,059 in 2011 to $93,275 in 2021.
- 0 households where the householder is under 25 years old.
- 214(17.48%) households with a householder aged between 25 and 44 years.
- 469(38.32%) households with a householder aged between 45 and 64 years.
- 541(44.20%) households where the householder is over 65 years old.
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Gender
In Pownal town, the population consists of 1,709 males (51.95%) and 1,581 females (48.05%). Here are the primary highlights from the gender-based income distribution analysis:
- In Pownal town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,352 for males and $33,986 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $50,044 for males and $49,842 for females.
- In Pownal town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,352 for males and $33,986 for females.
- In Pownal town, for all full-time workers aged 15 years and older, the median income was equal at, $49,842 for both males and females. This indicates a gender income balance in Pownal town, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In Pownal town, the population is predominantly White, constituting 98.09% 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 $70,710.
- In Pownal town, White is both the largest group and the one with the highest median household income, which stands at $70,710.
- In Pownal town, the median household income for the households where the householder is White decreased by $6,973(8.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,683 in 2011 and $70,710 in 2021.
- As per the U.S. Census Bureau population data, in Pownal 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
Pownal, Vermont median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Pownal town decreased by $595 (0.86%), 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 2010 to 2011, when the median household income increased by 7,875 (from $69,399 to $77,274). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 4,868 (from $77,746 to $72,878).
- It then further increased to $251,592 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4403, it is evident that income distribution in Pownal, Vermont exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,555. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $35,693.
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