Age of householder
Per the latest American Community Survey by the Census Bureau, Sodus Point sees its highest median household income among householders in the age group of 25 to 44 years old, at $85,222. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in Sodus Point, the median household income stands at $85,222 for householders within the 25 to 44 years age group, followed by $82,014 for the 45 to 64 years age group. Notably, householders within the 65 years and over age group, had the lowest median household income at $49,655.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $14,940(21.26%), escalating from a median of $70,282 in 2011 to $85,222 in 2021.
- 0 households where the householder is under 25 years old.
- 93(15.63%) households with a householder aged between 25 and 44 years.
- 273(45.88%) households with a householder aged between 45 and 64 years.
- 229(38.49%) households where the householder is over 65 years old.
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Gender
In Sodus Point, the population consists of 555 males (56.81%) and 422 females (43.19%). Here are the primary highlights from the gender-based income distribution analysis:
- In Sodus Point, the median income for all workers aged 15 years and older, regardless of work hours, was $48,001 for males and $29,725 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $74,710 for males and $79,447 for females.
- In Sodus Point, the median income for all workers aged 15 years and older, regardless of work hours, was $48,001 for males and $29,725 for females.
- In Sodus Point, among full-time, year-round workers aged 15 years and older, males earned a median income of $74,710, while females earned $79,447
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Race
In Sodus Point, the population is predominantly White, constituting 83.83% 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 $72,016.
- In Sodus Point, 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 $75,327. This reveals that, while Whites may be the most numerous in Sodus Point, Two or More Races households experience greater economic prosperity in terms of median household income.
- In Sodus Point, the median household income for the households where the householder is White decreased by $6,112(7.82%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $78,128 in 2011 and $72,016 in 2021.
- Even though there is a population where the householder is Black or African American, there was no median household income reported by the U.S. Census Bureau for both 2011 and 2021.
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Year by year
Sodus Point, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for Sodus Point decreased by $5,611 (6.98%), 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 2019 to 2020, when the median household income increased by 15,947 (from $56,645 to $72,592). Similarly the most substantial year-by-year decline occured from 2016 to 2017, when the median household income decreased by 6,377 (from $58,374 to $51,997).
- It then further decreased to 58,099 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4009, it is evident that income distribution in Sodus Point, NY exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $72,455. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $74,811.
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