Age of householder
Per the latest American Community Survey by the Census Bureau, Rock town sees its highest median household income among householders in the age group of 45 to 64 years old, at $119,171. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Rock town, the median household income stands at $119,171 for householders within the 45 to 64 years age group, followed by $88,982 for the 25 to 44 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $51,343.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $13,954(37.32%), escalating from a median of $37,389 in 2011 to $51,343 in 2021.
- 2(0.69%) households where the householder is under 25 years old.
- 79(27.43%) households with a householder aged between 25 and 44 years.
- 139(48.26%) households with a householder aged between 45 and 64 years.
- 68(23.61%) households where the householder is over 65 years old.
Read more about Rock Town, Wood County, Wisconsin median household income by age ➔
Gender
In Rock town, the population consists of 343 males (44.20%) and 433 females (55.80%). Here are the primary highlights from the gender-based income distribution analysis:
- In Rock town, the median income for all workers aged 15 years and older, regardless of work hours, was $52,863 for males and $34,164 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,072 for males and $47,515 for females.
- In Rock town, the median income for all workers aged 15 years and older, regardless of work hours, was $52,863 for males and $34,164 for females.
- In Rock town, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,072, while females earned $47,515, leading to a 22% gender pay gap among full-time workers. This illustrates that women earn 78 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.
Read more about Rock Town, Wood County, Wisconsin income by gender ➔
Race
In Rock town, the population is predominantly White, constituting 96.78% 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 $87,149.
- In Rock town, White is both the largest group and the one with the highest median household income, which stands at $87,149.
- In Rock town, the median household income for the households where the householder is White decreased by $11,620(11.76%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $98,769 in 2011 and $87,149 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 Rock Town, Wood County, Wisconsin median household income by race ➔
Year by year
Rock Town, Wood County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Rock town decreased by $18,801 (17.75%), 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 2020 to 2021, when the median household income increased by 17,137 (from $70,012 to $87,149). Similarly the most substantial year-by-year decline occured from 2011 to 2012, when the median household income decreased by 10,515 (from $98,769 to $88,254).
- It then further increased to $119,351 for 5-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4765, it is evident that income distribution in Rock Town, Wood County, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $100,323. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $48,190.
Read more about Rock Town, Wood County, Wisconsin median household income ➔