Age of householder
Per the latest American Community Survey by the Census Bureau, Rossie town sees its highest median household income among householders in the age group of 45 to 64 years old, at $76,339. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Rossie town, householders within the 45 to 64 years age group have the highest median household income at $76,339, followed by those in the 25 to 44 years age group with an income of $71,610. Meanwhile householders within the under 25 years age group report the second lowest median household income of $67,557. Notably, householders within the 65 years and over age group, had the lowest median household income at $23,645.
- Notably, household income for individuals within the Under 25 years age group demonstrated a remarkable increase of $14,982(28.50%), escalating from a median of $52,575 in 2011 to $67,557 in 2021.
- 22(7.01%) households where the householder is under 25 years old.
- 115(36.62%) households with a householder aged between 25 and 44 years.
- 129(41.08%) households with a householder aged between 45 and 64 years.
- 48(15.29%) households where the householder is over 65 years old.
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Gender
In Rossie town, the population consists of 535 males (56.38%) and 414 females (43.62%). Here are the primary highlights from the gender-based income distribution analysis:
- In Rossie town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,003 for males and $24,152 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,151 for males and $70,645 for females.
- In Rossie town, the median income for all workers aged 15 years and older, regardless of work hours, was $34,003 for males and $24,152 for females.
- In Rossie town, among full-time, year-round workers aged 15 years and older, males earned a median income of $55,151, while females earned $70,645
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Race
In Rossie town, the population is predominantly White, constituting 97.26% 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 $66,633.
- In Rossie town, White is both the largest group and the one with the highest median household income, which stands at $66,633.
- In Rossie town, the median household income for the households where the householder is White increased by $8,174(13.98%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,459 in 2011 and $66,633 in 2021.
- As per the U.S. Census Bureau population data, in Rossie 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.
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Year by year
Rossie, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Rossie town increased by $9,695 (17.31%), 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 12,107 (from $48,268 to $60,375). Similarly the most substantial year-by-year decline occured from 2014 to 2015, when the median household income decreased by 5,906 (from $57,397 to $51,491).
- It then further increased to $79,042 for 2-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4048, it is evident that income distribution in Rossie, New York exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $67,188. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $55,735.
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