Age of householder
Per the latest American Community Survey by the Census Bureau, Richfield town sees its highest median household income among householders in the age group of 25 to 44 years old, at $76,339. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Richfield town, where there exist only two delineated age groups, the median household income is $76,339 for householders within the 25 to 44 years age group, compared to $43,236 for the 65 years and over age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $43,650(133.53%), escalating from a median of $32,689 in 2011 to $76,339 in 2021.
- 0 households where the householder is under 25 years old.
- 17(15.04%) households with a householder aged between 25 and 44 years.
- 54(47.79%) households with a householder aged between 45 and 64 years.
- 42(37.17%) households where the householder is over 65 years old.
Read more about Richfield Town, Adams County, Wisconsin median household income by age ➔
Gender
In Richfield town, the population consists of 104 males (54.17%) and 88 females (45.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Richfield town, while the Census reported a median income of $26,010 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 Census reported a median income of $42,224 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Richfield town, while the Census reported a median income of $26,010 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 Richfield town, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $42,224 for females, while data for males was unavailable due to an insufficient number of sample observations.
Read more about Richfield Town, Adams County, Wisconsin income by gender ➔
Race
In Richfield town, the population is predominantly White, constituting 99.48% 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 $33,238.
- In Richfield town, White is both the largest group and the one with the highest median household income, which stands at $33,238.
- In Richfield town, the median household income for the households where the householder is White increased by $2,510(8.17%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $30,728 in 2011 and $33,238 in 2021.
- As per the U.S. Census Bureau population data, in Richfield 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.
Read more about Richfield Town, Adams County, Wisconsin median household income by race ➔
Year by year
Richfield Town, Adams County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Richfield town decreased by $5,554 (14.32%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 4 years and declined for 7 years.
- The most significant year-by-year growth occured from 2012 to 2013, when the median household income increased by 12,211 (from $27,217 to $39,428). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 10,907 (from $44,145 to $33,238).
- It then further increased to $101,606 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4783, it is evident that income distribution in Richfield Town, Adams County, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $74,988. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $15,634.
Read more about Richfield Town, Adams County, Wisconsin median household income ➔