Age of householder
Per the latest American Community Survey by the Census Bureau, Shannon City sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,015. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, Shannon City only reports a median household income of $77,015 among householders in the 25 to 44 years age group.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated the smallest decline of $27,773(26.50%), declining from a median of $104,788 in 2011 to $77,015 in 2021.
- 0 households where the householder is under 25 years old.
- 19(59.38%) households with a householder aged between 25 and 44 years.
- 9(28.12%) households with a householder aged between 45 and 64 years.
- 4(12.50%) households where the householder is over 65 years old.
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Gender
In Shannon City, the population consists of 65 males (66.33%) and 33 females (33.67%). Here are the primary highlights from the gender-based income distribution analysis:
- In Shannon City, while the Census reported a median income of $37,156 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $34,884 for males and $35,468 for females.
- In Shannon City, while the Census reported a median income of $37,156 for all female workers aged 15 years and older, data for males in the same category was unavailable due to an insufficient number of sample observations.
- In Shannon City, among full-time, year-round workers aged 15 years and older, males earned a median income of $34,884, while females earned $35,468
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Race
In Shannon City, the population is predominantly White, constituting 100% 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 $62,152.
- In Shannon City, White is both the largest group and the one with the highest median household income, which stands at $62,152.
- In Shannon City, the median household income for the households where the householder is White increased by $1,677(2.77%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $60,475 in 2011 and $62,152 in 2021.
- As per the U.S. Census Bureau population data, in Shannon City, 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
Shannon City, IA median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Shannon City increased by $3,121 (5.29%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 6 years and declined for 5 years.
- The most significant year-by-year growth occured from 2019 to 2020, when the median household income increased by 18,970 (from $58,367 to $77,337). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 16,366 (from $52,045 to $35,679).
- Additionally, the Census Bureau did not report a median household income for larger household sizes.
- With a Gini coefficient of 0.2352, it is evident that income distribution in Shannon City, IA exihibits characterstics of moderate equality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $39,660.
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