Age of householder
Per the latest American Community Survey by the Census Bureau, Preston sees its highest median household income among householders in the age group of 65 years and over old, at $28,478. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Preston, where there exist only two delineated age groups, the median household income is $28,478 for householders within the 65 years and over age group, compared to $15,313 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $6,935(19.58%), declining from a median of $35,413 in 2011 to $28,478 in 2021.
- 4(4.82%) households where the householder is under 25 years old.
- 35(42.17%) households with a householder aged between 25 and 44 years.
- 16(19.28%) households with a householder aged between 45 and 64 years.
- 28(33.73%) households where the householder is over 65 years old.
Read more about Preston, KS median household income by age ➔
Gender
In Preston, the population consists of 73 males (46.79%) and 83 females (53.21%). Here are the primary highlights from the gender-based income distribution analysis:
- In Preston, while the Census reported a median income of $21,281 for all female workers aged 15 years and older, data for males 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, the median income was $37,381 for males and $31,245 for females.
- In Preston, while the Census reported a median income of $21,281 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Preston, among full-time, year-round workers aged 15 years and older, males earned a median income of $37,381, while females earned $31,245, leading to a 16% gender pay gap among full-time workers. This illustrates that women earn 84 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Preston, KS income by gender ➔
Race
In Preston, the population is predominantly White, constituting 94.23% 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 $27,750.
- In Preston, White is both the largest group and the one with the highest median household income, which stands at $27,750.
- In Preston, the median household income for the households where the householder is White decreased by $29,456(51.49%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,206 in 2011 and $27,750 in 2021.
- As per the U.S. Census Bureau population data, in Preston, 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 Preston, KS median household income by race ➔
Year by year
Preston, KS median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Preston decreased by $23,411 (45.76%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 2 years and declined for 9 years.
- The most significant year-by-year growth occured from 2010 to 2011, when the median household income increased by 6,045 (from $51,161 to $57,206). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 7,533 (from $49,417 to $41,884).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4836, it is evident that income distribution in Preston, KS exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $0. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $19,254.
Read more about Preston, KS median household income ➔