Age of householder
Per the latest American Community Survey by the Census Bureau, Sherman town sees its highest median household income among householders in the age group of 65 years and over old, at $57,001. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sherman town, where there exist only two delineated age groups, the median household income is $57,001 for householders within the 65 years and over age group, compared to $53,623 for the 45 to 64 years age group.
- Notably, household income for individuals within the 65 years and over age group demonstrated the smallest decline of $7,833(12.08%), declining from a median of $64,834 in 2011 to $57,001 in 2021.
- 0 households where the householder is under 25 years old.
- 11(5.31%) households with a householder aged between 25 and 44 years.
- 69(33.33%) households with a householder aged between 45 and 64 years.
- 127(61.35%) households where the householder is over 65 years old.
Read more about Sherman Town, Iron County, Wisconsin median household income by age ➔
Gender
In Sherman town, the population consists of 201 males (53.17%) and 177 females (46.83%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sherman town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,898 for males and $23,066 for females.
- However, when specifically considering full-time, year-round workers within the same age group, while the Census reported a median income of $52,081 for males, while data for females was unavailable due to an insufficient number of sample observations.
- In Sherman town, the median income for all workers aged 15 years and older, regardless of work hours, was $48,898 for males and $23,066 for females.
- In Sherman town, for full-time, year-round workers aged 15 years and older, while the Census reported a median income of $52,081 for males, while data for females was unavailable due to an insufficient number of sample observations.
Read more about Sherman Town, Iron County, Wisconsin income by gender ➔
Race
In Sherman town, 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 $54,721.
- In Sherman town, White is both the largest group and the one with the highest median household income, which stands at $54,721.
- In Sherman town, the median household income for the households where the householder is White decreased by $13,110(19.33%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $67,831 in 2011 and $54,721 in 2021.
- As per the U.S. Census Bureau population data, in Sherman 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.
Read more about Sherman Town, Iron County, Wisconsin median household income by race ➔
Year by year
Sherman Town, Iron County, Wisconsin median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sherman town decreased by $3,503 (6.02%), 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 2010 to 2011, when the median household income increased by 9,199 (from $58,224 to $67,423). Similarly the most substantial year-by-year decline occured from 2015 to 2016, when the median household income decreased by 6,437 (from $67,209 to $60,772).
- It then further increased to $53,708 for 3-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4235, it is evident that income distribution in Sherman Town, Iron County, Wisconsin exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $70,394. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $32,427.
Read more about Sherman Town, Iron County, Wisconsin median household income ➔