Age of householder
Per the latest American Community Survey by the Census Bureau, Salamanca town sees its highest median household income among householders in the age group of 45 to 64 years old, at $64,855. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Salamanca town, the median household income stands at $64,855 for householders within the 45 to 64 years age group, followed by $40,309 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 $31,076.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $9,786(23.95%), declining from a median of $40,862 in 2011 to $31,076 in 2021.
- 2(0.77%) households where the householder is under 25 years old.
- 72(27.80%) households with a householder aged between 25 and 44 years.
- 94(36.29%) households with a householder aged between 45 and 64 years.
- 91(35.14%) households where the householder is over 65 years old.
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Gender
In Salamanca town, the population consists of 310 males (53.45%) and 270 females (46.55%). Here are the primary highlights from the gender-based income distribution analysis:
- In Salamanca town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,687 for males and $33,508 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,645 for males and $38,876 for females.
- In Salamanca town, the median income for all workers aged 15 years and older, regardless of work hours, was $43,687 for males and $33,508 for females.
- In Salamanca town, among full-time, year-round workers aged 15 years and older, males earned a median income of $61,645, while females earned $38,876, leading to a 37% gender pay gap among full-time workers. This illustrates that women earn 63 cents for each dollar earned by men in full-time roles. This level of income gap emphasizes the urgency to address and rectify this ongoing disparity, where women, despite working full-time, face a more significant wage discrepancy compared to men in the same employment roles.
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Race
In Salamanca town, the population is predominantly White, constituting 87.59% 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 $55,735.
- In Salamanca town, White is both the largest group and the one with the highest median household income, which stands at $55,735.
- In Salamanca town, the median household income for the households where the householder is White decreased by $15,910(22.21%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $71,645 in 2011 and $55,735 in 2021.
- As per the U.S. Census Bureau population data, in Salamanca 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
Salamanca Town, New York median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Salamanca town decreased by $19,614 (26.87%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 2 years and declined for 9 years.
- The most significant year-by-year growth occured from 2016 to 2017, when the median household income increased by 15,258 (from $58,096 to $73,354). Similarly the most substantial year-by-year decline occured from 2017 to 2018, when the median household income decreased by 10,030 (from $73,354 to $63,324).
- It then further increased to $120,702 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3786, it is evident that income distribution in Salamanca Town, New York exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $65,530. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $41,885.
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