Age of householder
Per the latest American Community Survey by the Census Bureau, Rose Hill sees its highest median household income among householders in the age group of 45 to 64 years old, at $117,549. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Rose Hill, the median household income stands at $117,549 for householders within the 45 to 64 years age group, followed by $47,590 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 $25,672.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $77,014(189.99%), escalating from a median of $40,535 in 2011 to $117,549 in 2021.
- 0 households where the householder is under 25 years old.
- 37(34.26%) households with a householder aged between 25 and 44 years.
- 50(46.30%) households with a householder aged between 45 and 64 years.
- 21(19.44%) households where the householder is over 65 years old.
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Gender
In Rose Hill, the population consists of 138 males (60.53%) and 90 females (39.47%). Here are the primary highlights from the gender-based income distribution analysis:
- In Rose Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $28,760 for males and $48,062 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the Census reported a median income of $50,173 for females, while data for males was unavailable due to an insufficient number of sample observations.
- In Rose Hill, the median income for all workers aged 15 years and older, regardless of work hours, was $28,760 for males and $48,062 for females.
- In Rose Hill, for full-time, year-round workers aged 15 years and older, the Census reported a median income of $50,173 for females, while data for males was unavailable due to an insufficient number of sample observations.
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Race
In Rose Hill, the population is predominantly White, constituting 99.12% 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 $49,317.
- In Rose Hill, White is both the largest group and the one with the highest median household income, which stands at $49,317.
- In Rose Hill, the median household income for the households where the householder is White increased by $8,727(21.50%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $40,590 in 2011 and $49,317 in 2021.
- As per the U.S. Census Bureau population data, in Rose Hill, 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
Rose Hill, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Rose Hill increased by $9,701 (24.08%), 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 2019 to 2020, when the median household income increased by 19,283 (from $41,623 to $60,906). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 10,914 (from $60,906 to $49,992).
- It then further increased to $48,255 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3428, it is evident that income distribution in Rose Hill, IA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $47,290.
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