Age of householder
Per the latest American Community Survey by the Census Bureau, Seat Pleasant sees its highest median household income among householders in the age group of 45 to 64 years old, at $79,746. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Seat Pleasant, the median household income stands at $79,746 for householders within the 45 to 64 years age group, followed by $56,832 for the 65 years and over age group. Notably, householders within the 25 to 44 years age group, had the lowest median household income at $37,211.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $18,656(48.87%), escalating from a median of $38,176 in 2011 to $56,832 in 2021.
- 0 households where the householder is under 25 years old.
- 674(34.56%) households with a householder aged between 25 and 44 years.
- 781(40.05%) households with a householder aged between 45 and 64 years.
- 495(25.38%) households where the householder is over 65 years old.
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Gender
In Seat Pleasant, the population consists of 1,907 males (42.03%) and 2,630 females (57.97%). Here are the primary highlights from the gender-based income distribution analysis:
- In Seat Pleasant, the median income for all workers aged 15 years and older, regardless of work hours, was $47,995 for males and $35,279 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $69,828 for males and $53,736 for females.
- In Seat Pleasant, the median income for all workers aged 15 years and older, regardless of work hours, was $47,995 for males and $35,279 for females.
- In Seat Pleasant, among full-time, year-round workers aged 15 years and older, males earned a median income of $69,828, while females earned $53,736, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 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.
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Race
In Seat Pleasant, the population is predominantly Black or African American, constituting 82.48% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $54,388.
- In Seat Pleasant, despite the Black or African American population being the most populous, it is worth noting that Some Other Race households actually reports the highest median household income, with a median income of $55,279. This reveals that, while Black or African Americans may be the most numerous in Seat Pleasant, Some Other Race households experience greater economic prosperity in terms of median household income.
- Even though there is a population where the householder is White, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
- In Seat Pleasant, the median household income for the households where the householder is Black or African American decreased by $3,790(6.51%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $58,178 in 2011 and $54,388 in 2021.
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Year by year
Seat Pleasant, MD median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Seat Pleasant decreased by $4,661 (7.78%), 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 2015 to 2016, when the median household income increased by 6,733 (from $56,781 to $63,514). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 5,401 (from $60,659 to $55,258).
- It then further increased to $63,353 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4814, it is evident that income distribution in Seat Pleasant, MD exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $65,250. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $36,853.
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