Age of householder
Per the latest American Community Survey by the Census Bureau, Richmond township sees its highest median household income among householders in the age group of 25 to 44 years old, at $90,158. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Richmond township, the median household income stands at $90,158 for householders within the 25 to 44 years age group, followed by $62,766 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $49,992.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $31,443(53.55%), escalating from a median of $58,715 in 2011 to $90,158 in 2021.
- 12(1.47%) households where the householder is under 25 years old.
- 180(21.98%) households with a householder aged between 25 and 44 years.
- 324(39.56%) households with a householder aged between 45 and 64 years.
- 303(37%) households where the householder is over 65 years old.
Read more about Richmond township, Tioga County, Pennsylvania median household income by age ➔
Gender
In Richmond township, the population consists of 1,069 males (53.05%) and 946 females (46.95%). Here are the primary highlights from the gender-based income distribution analysis:
- In Richmond township, the median income for all workers aged 15 years and older, regardless of work hours, was $35,693 for males and $29,667 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,272 for males and $54,834 for females.
- In Richmond township, the median income for all workers aged 15 years and older, regardless of work hours, was $35,693 for males and $29,667 for females.
- In Richmond township, among full-time, year-round workers aged 15 years and older, males earned a median income of $52,272, while females earned $54,834
Read more about Richmond township, Tioga County, Pennsylvania income by gender ➔
Race
In Richmond township, the population is predominantly White, constituting 96.43% 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 $59,675.
- In Richmond township, White is both the largest group and the one with the highest median household income, which stands at $59,675.
- In Richmond township, the median household income for the households where the householder is White increased by $2,394(4.18%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $57,281 in 2011 and $59,675 in 2021.
- As per the U.S. Census Bureau population data, in Richmond township, 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.
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Year by year
Richmond township, Tioga County, Pennsylvania median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Richmond township increased by $4,313 (7.89%), 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 2012 to 2013, when the median household income increased by 10,256 (from $56,378 to $66,634). Similarly the most substantial year-by-year decline occured from 2018 to 2019, when the median household income decreased by 6,257 (from $63,150 to $56,893).
- It then further increased to $90,465 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4262, it is evident that income distribution in Richmond township, Tioga County, Pennsylvania exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $74,892. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $27,391.
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