Age of householder
Per the latest American Community Survey by the Census Bureau, South Blooming Grove sees its highest median household income among householders in the age group of 45 to 64 years old, at $95,594. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in South Blooming Grove, the median household income stands at $95,594 for householders within the 45 to 64 years age group, followed by $95,562 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 $56,630.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $30,011(45.78%), escalating from a median of $65,551 in 2011 to $95,562 in 2021.
- 6(0.48%) households where the householder is under 25 years old.
- 523(41.48%) households with a householder aged between 25 and 44 years.
- 430(34.10%) households with a householder aged between 45 and 64 years.
- 302(23.95%) households where the householder is over 65 years old.
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Gender
In South Blooming Grove, the population consists of 1,939 males (50.48%) and 1,902 females (49.52%). Here are the primary highlights from the gender-based income distribution analysis:
- In South Blooming Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $55,234 for males and $42,137 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $67,810 for males and $68,758 for females.
- In South Blooming Grove, the median income for all workers aged 15 years and older, regardless of work hours, was $55,234 for males and $42,137 for females.
- In South Blooming Grove, among full-time, year-round workers aged 15 years and older, males earned a median income of $67,810, while females earned $68,758
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Race
In South Blooming Grove, the population is predominantly White, constituting 84.98% 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 $76,925.
- In South Blooming Grove, despite the White population being the most populous, it is worth noting that Black or African American households actually reports the highest median household income, with a median income of $124,491. This reveals that, while Whites may be the most numerous in South Blooming Grove, Black or African American households experience greater economic prosperity in terms of median household income.
- In South Blooming Grove, the median household income for the households where the householder is White decreased by $40,140(34.29%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $117,065 in 2011 and $76,925 in 2021.
- In South Blooming Grove, the median household income for the households where the householder is Black or African American decreased by $72,157(36.69%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $196,648 in 2011 and $124,491 in 2021.
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Year by year
South Blooming Grove, NY median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for South Blooming Grove decreased by $30,116 (26.16%), as per the American Community Survey estimates.
- Between 2010 and 2021, median household income, adjusted for 2022 inflation, experienced growth year by year for 5 years and declined for 6 years.
- The most significant year-by-year growth occured from 2013 to 2014, when the median household income increased by 4,330 (from $95,416 to $99,746). Similarly the most substantial year-by-year decline occured from 2012 to 2013, when the median household income decreased by 15,266 (from $110,682 to $95,416).
- It then further decreased to 54,804 for 7-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.3643, it is evident that income distribution in South Blooming Grove, NY exihibits characterstics of moderate equality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $93,164. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $62,256.
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