Age of householder
Per the latest American Community Survey by the Census Bureau, South Euclid sees its highest median household income among householders in the age group of 25 to 44 years old, at $79,843. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in South Euclid, the median household income stands at $79,843 for householders within the 25 to 44 years age group, followed by $75,026 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 $48,412.
- Notably, household income for individuals within the 65 years and over age group demonstrated a remarkable increase of $3,174(7.02%), escalating from a median of $45,238 in 2011 to $48,412 in 2021.
- 376(4.36%) households where the householder is under 25 years old.
- 2,814(32.60%) households with a householder aged between 25 and 44 years.
- 3,529(40.88%) households with a householder aged between 45 and 64 years.
- 1,913(22.16%) households where the householder is over 65 years old.
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Gender
In South Euclid, the population consists of 10,826 males (49.47%) and 11,056 females (50.53%). Here are the primary highlights from the gender-based income distribution analysis:
- In South Euclid, the median income for all workers aged 15 years and older, regardless of work hours, was $39,773 for males and $34,062 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,326 for males and $58,327 for females.
- In South Euclid, the median income for all workers aged 15 years and older, regardless of work hours, was $39,773 for males and $34,062 for females.
- In South Euclid, for all full-time workers aged 15 years and older, the median income was equal at, $58,327 for both males and females. This indicates a gender income balance in South Euclid, where both men and women, in full-time year-round roles, earn an equal income.
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Race
In South Euclid, the population is predominantly Black or African American, constituting 49.46% of the total residents. Here are the key highlights from the analysis of income distribution by race:
- The median household income for Black or African American households is $68,106.
- In South Euclid, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $82,093. This reveals that, while Black or African Americans may be the most numerous in South Euclid, Asian households experience greater economic prosperity in terms of median household income.
- In South Euclid, the median household income for the households where the householder is White increased by $2,121(2.89%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $73,359 in 2011 and $75,480 in 2021.
- In South Euclid, the median household income for the households where the householder is Black or African American decreased by $9,360(12.08%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $77,466 in 2011 and $68,106 in 2021.
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Year by year
South Euclid, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for South Euclid decreased by $1,659 (2.22%), 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 2020 to 2021, when the median household income increased by 4,685 (from $68,405 to $73,090). Similarly the most substantial year-by-year decline occured from 2013 to 2014, when the median household income decreased by 5,121 (from $75,661 to $70,540).
- It then further increased to $74,690 for 6-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4249, it is evident that income distribution in South Euclid, OH exihibits characterstics of moderate inequality .
- For the family households, the median income (in 2022 inflation-adjusted dollars) was $80,584. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $46,112.
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