Age of householder
Per the latest American Community Survey by the Census Bureau, South Lebanon sees its highest median household income among householders in the age group of 25 to 44 years old, at $162,981. Here are the key highlights for income distribution by age:
- In terms of income distribution across age cohorts, in South Lebanon, the median household income stands at $162,981 for householders within the 25 to 44 years age group, followed by $127,270 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 $50,813.
- Notably, household income for individuals within the 25 to 44 years age group demonstrated a remarkable increase of $87,988(117.33%), escalating from a median of $74,993 in 2011 to $162,981 in 2021.
- 118(5.68%) households where the householder is under 25 years old.
- 676(32.56%) households with a householder aged between 25 and 44 years.
- 857(41.28%) households with a householder aged between 45 and 64 years.
- 425(20.47%) households where the householder is over 65 years old.
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Gender
In South Lebanon, the population consists of 2,790 males (45.31%) and 3,367 females (54.69%). Here are the primary highlights from the gender-based income distribution analysis:
- In South Lebanon, the median income for all workers aged 15 years and older, regardless of work hours, was $37,674 for males and $40,731 for females.
- However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,651 for males and $52,946 for females.
- In South Lebanon, the median income for all workers aged 15 years and older, regardless of work hours, was $37,674 for males and $40,731 for females.
- In South Lebanon, among full-time, year-round workers aged 15 years and older, males earned a median income of $56,651, while females earned $52,946, resulting in a 7% gender pay gap among full-time workers. This illustrates that women earn 93 cents for each dollar earned by men in full-time positions. While this gap shows a trend where women are inching closer to wage parity with men, it also exhibits a noticeable income difference for women working full-time in the village of South Lebanon.
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Race
In South Lebanon, the population is predominantly White, constituting 85.53% 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 $112,429.
- In South Lebanon, 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 $270,229. This reveals that, while Whites may be the most numerous in South Lebanon, Black or African American households experience greater economic prosperity in terms of median household income.
- In South Lebanon, the median household income for the households where the householder is White increased by $51,147(83.46%), between 2011 and 2021. The median household income, in 2022 inflation-adjusted dollars, was $61,282 in 2011 and $112,429 in 2021.
- In South Lebanon, there was no reported median household income for Black or African American households in 2011. However, in 2021, the median household income increased to $270,229(2022 inflation-adjusted dollars), marking a significant change.
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Year by year
South Lebanon, OH median household income trends by year, family type and household size (2010-2021):
- From 2010 to 2021, the median household income for South Lebanon increased by $57,564 (97.21%), 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 2019 to 2020, when the median household income increased by 28,566 (from $100,111 to $128,677). Similarly the most substantial year-by-year decline occured from 2020 to 2021, when the median household income decreased by 11,894 (from $128,677 to $116,783).
- It then further increased to $126,626 for 4-person households, the largest household size for which the bureau reported a median household income.
- With a Gini coefficient of 0.4596, it is evident that income distribution in South Lebanon, OH exihibits characterstics of moderate inequality .
- NA. For the non-family households, the median income (in 2022 inflation-adjusted dollars) was $57,559.
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