Age of householder
Per the latest American Community Survey by the Census Bureau, Shelby charter township sees its highest median household income among householders in the age group of 45 to 64 years old, at $110,434. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Shelby charter township, householders within the 45 to 64 years age group have the highest median household income at $110,434, followed by those in the 25 to 44 years age group with an income of $101,097. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $60,115. Notably, householders within the under 25 years age group, had the lowest median household income at $51,489.
- Notably, household income for individuals within the 45 to 64 years age group demonstrated a remarkable increase of $6,638(6.40%), escalating from a median of $103,796 in 2012 to $110,434 in 2022.
- 922(2.92%) households where the householder is under 25 years old.
- 9,812(31.07%) households with a householder aged between 25 and 44 years.
- 11,373(36.01%) households with a householder aged between 45 and 64 years.
- 9,474(30%) households where the householder is over 65 years old.
Read more about Shelby charter Township, Michigan median household income by age ➔
Gender
In Shelby charter township, the population consists of 38,227 males (48.23%) and 41,027 females (51.77%). Here are the primary highlights from the gender-based income distribution analysis:
- In Shelby charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $55,290 for males and $33,594 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $79,769 for males and $54,272 for females.
- In Shelby charter township, the median income for all workers aged 15 years and older, regardless of work hours, was $55,290 for males and $33,594 for females.
- In Shelby charter township, among full-time, year-round workers aged 15 years and older, males earned a median income of $79,769, while females earned $54,272, leading to a 32% gender pay gap among full-time workers. This illustrates that women earn 68 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 Shelby charter township, the population is predominantly White, constituting 87.67% 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 $84,838.
- In Shelby charter township, despite the White population being the most populous, it is worth noting that Two or More Races households actually reports the highest median household income, with a median income of $142,250. This reveals that, while Whites may be the most numerous in Shelby charter township, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Shelby charter township, the median household income for the households where the householder is White increased by $2,095(2.53%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $82,743 in 2012 and $84,838 in 2022.
- In Shelby charter township, the median household income for Black or African American households was $103,479 in 2012(2022 inflation-adjusted dollars). However there is no reported data for 2022, indicating a lack of information for this specific year.
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Year by year
Shelby charter Township, Michigan median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Shelby charter township increased by $1,801 (2.06%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 7 years and declined for 4 years.
- The most significant year-by-year growth occured from 2017 to 2018, when the median household income increased by 3,631 (from $83,323 to $86,954). Similarly the most substantial year-by-year decline occured from 2010 to 2011, when the median household income decreased by 2,729 (from $87,459 to $84,730).
- It then further increased to $167,797 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4211, it is evident that income distribution in Shelby charter Township, Michigan exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $105,433. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $50,337.
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