Age of householder
Per the latest American Community Survey by the Census Bureau, Redings Mill sees its highest median household income among householders in the age group of 65 years and over old, at $65,936. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Redings Mill, where there exist only two delineated age groups, the median household income is $65,936 for householders within the 65 years and over age group, compared to $56,297 for the 25 to 44 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $4,098(6.63%), escalating from a median of $61,838 in 2011 to $65,936 in 2021.
- 2(3.85%) households where the householder is under 25 years old.
- 15(28.85%) households with a householder aged between 25 and 44 years.
- 17(32.69%) households with a householder aged between 45 and 64 years.
- 18(34.62%) households where the householder is over 65 years old.
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Gender
In Redings Mill, the population consists of 64 males (51.61%) and 60 females (48.39%). Here are the primary highlights from the gender-based income distribution analysis:
- In Redings Mill, while the Census reported a median income of $53,370 for all male workers aged 15 years and older, data for females 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, while the Census reported a median income of $55,532 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Redings Mill, while the Census reported a median income of $53,370 for all male workers aged 15 years and older, data for females in the same category was unavailable due to an insufficient number of sample observations.
- In Redings Mill, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $55,532 for males, while data for females was unavailable due to an insufficient number of sample observations.
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Race
In Redings Mill, the population is predominantly White, constituting 97.58% 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 $71,610.
- In Redings Mill, White is both the largest group and the one with the highest median household income, which stands at $71,610.
- In Redings Mill, the median household income for the households where the householder is White increased by $14,077(24.47%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,533 in 2011 and $71,610 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
Redings Mill, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Redings Mill increased by $7,330 (12.28%), 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 2020 to 2021, when the median household income increased by 12,249 (from $54,768 to $67,017). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 6,111 (from $52,833 to $46,722).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.4639, it is evident that income distribution in Redings Mill, MO exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $0.
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