Age of householder
Per the latest American Community Survey by the Census Bureau, Raymond sees its highest median household income among householders in the age group of 45 to 64 years old, at $52,694. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Raymond, where there exist only two delineated age groups, the median household income is $52,694 for householders within the 45 to 64 years age group, compared to $50,443 for the 65 years and over age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $28,786(132.92%), escalating from a median of $21,657 in 2011 to $50,443 in 2021.
- 0 households where the householder is under 25 years old.
- 0 households with a householder aged between 25 and 44 years.
- 4(28.57%) households with a householder aged between 45 and 64 years.
- 10(71.43%) households where the householder is over 65 years old.
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Gender
In Raymond, the population consists of 16 males (44.44%) and 20 females (55.56%). Here are the primary highlights from the gender-based income distribution analysis:
- In Raymond, the median income for all workers aged 15 years and older, regardless of work hours, was $31,527 for males and $14,863 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
- In Raymond, the median income for all workers aged 15 years and older, regardless of work hours, was $31,527 for males and $14,863 for females.
- In Raymond, for full-time, year-round workers aged 15 years and older, the Census Bureau did not report the median income for both males and females due to an insufficient number of sample observations.
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Race
In Raymond, the population is predominantly White, constituting 83.33% 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 $50,668.
- In Raymond, White is both the largest group and the one with the highest median household income, which stands at $50,668.
- In Raymond, the median household income for the households where the householder is White increased by $10,460(26.01%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,208 in 2011 and $50,668 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.
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Year by year
Raymond, SD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Raymond increased by $8,503 (20.17%), 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 2015 to 2016, when the median household income increased by 8,112 (from $47,232 to $55,344). Similarly the most substantial year-by-year decline occured from 2019 to 2020, when the median household income decreased by 5,022 (from $58,846 to $53,824).
- It then further decreased to 49,317 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.1444, it is evident that income distribution in Raymond, SD exihibits characterstics of high equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $61,909.
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