Age of householder
Per the latest American Community Survey by the Census Bureau, Renick sees its highest median household income among householders in the age group of 65 years and over old, at $43,236. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Renick only reports a median household income of $43,236 among householders in 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 $5,643(15.01%), escalating from a median of $37,593 in 2011 to $43,236 in 2021.
- 0 households where the householder is under 25 years old.
- 5(6.49%) households with a householder aged between 25 and 44 years.
- 46(59.74%) households with a householder aged between 45 and 64 years.
- 26(33.77%) households where the householder is over 65 years old.
Read more about Renick, MO median household income by age ➔
Gender
In Renick, the population consists of 86 males (54.78%) and 71 females (45.22%). Here are the primary highlights from the gender-based income distribution analysis:
- In Renick, the median income for all workers aged 15 years and older, regardless of work hours, was $33,779 for males and $17,883 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $35,901 for males and $43,236 for females.
- In Renick, the median income for all workers aged 15 years and older, regardless of work hours, was $33,779 for males and $17,883 for females.
- In Renick, among full-time, year-round workers aged 15 years and older, males earned a median income of $35,901, while females earned $43,236
Read more about Renick, MO income by gender ➔
Race
In Renick, the population is predominantly White, constituting 81.53% 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 $42,851.
- In Renick, White is both the largest group and the one with the highest median household income, which stands at $42,851.
- In Renick, the median household income for the households where the householder is White decreased by $23,345(35.27%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $66,196 in 2011 and $42,851 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 Renick, MO median household income by race ➔
Year by year
Renick, MO median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Renick decreased by $32,163 (46.29%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 3 years and declined for 8 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 10,017 (from $50,965 to $60,982). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,600 (from $61,565 to $50,965).
- It then further increased to $46,277 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3433, it is evident that income distribution in Renick, MO exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,474.
Read more about Renick, MO median household income ➔